The governing New Patriotic Party (NPP) has taken on the 15 Civil Society Organisations (CSOs) who have sternly kicked against the Agyapa Minerals Royalty Limited deal.
At a press briefing on Monday, the party’s Communications Director, Yaw Buaben Asamoa challenged these CSOs to ask for clarifications on the deal rather than insinuating that government has ill intentions.
He also charged them to look at the bigger picture, where Ghana as a whole will benefit immensely from the deal in the coming years.
“Ghana for over 100 years has been exporting gold and we cannot identify any tangible thing we have used those moneies for. So what we are asking CSOs to do is to interrogate these things dispassionately. If you want to know what the money we will make will be used for, ask. If you want to know how we will sustain value, ask.
“Ask the right questions but don’t impugn motives that appear to negate the transparency of the whole process of this deal. The deal was not rushed,” he stressed.
On Tuesday, some 15 CSOs demanded a suspension of the Agyapa Minerals Royalties agreement until all necessary documents have been disclosed.
They said they were concerned about what they describe as a lack of openness and transparency that has characterised the transaction.
However, the Adentan MP reiterated that government has not withheld any information in relation to the Agyapa Minerals Royalty agreement.
Mr Buaben also noted that government’s decision to list the country’s royalties is to help rake in more revenue for developmental projects across Ghana.
“We have the headquarters Africa Continental Free Trade Area (AfCFTA) in Ghana, so if we can’t trade beyond Ghana how are we going to benefit from the it.
We must go out there and leverage on what we have,” he added.
The Agyapa Royalties deal
Parliament on August 14, approved the controversial Agyapa Mineral Royalty Limited agreement with the government of Ghana despite a walkout by the Minority.
Two years ago, the house passed the Minerals Income Investment Fund Act 2018 which establishes the Fund to manage the equity interests of Ghana in mining companies, and receive royalties on behalf of government.
The purpose of the fund is to manage and invest these royalties and revenue from equities for higher returns for the benefit of the country.
The law allows the fund to establish Special Purpose Vehicles (SPVs) to use for the appropriate investments.
Last month, government introduced an amendment to the act to ensure that the SPVs have unfettered independence.
Latest Stories
-
We have a bad technical team; Otto Addo and his team should go – Ernest Thompson
57 mins -
Hindsight: Why Accra Lions’ present problems do not define them
1 hour -
10-year-old Lisa Laryea arrives at Wits Donald Gordon Hospital in South Africa for bone marrow transplant
2 hours -
23 ambassadors inducted to take on 2025 GSTEP Challenge in three regions
2 hours -
Ghana Shea Workers Union inaugurated
2 hours -
I trust Bawumia; he has never lied to me – Akufo-Addo
3 hours -
Bawumia is hardworking; offers the youth platform to share ideas – Kow Essuman
3 hours -
IGP, Police commanders worship with churches in Ghana as part of security arrangements for 2024 elections
3 hours -
Mahama is a failed president; give Bawumia a chance – Akufo-Addo to Ghanaians
3 hours -
‘No child left behind in Free SHS’ – Akufo-Addo declares
3 hours -
MMDAs tasked to pay more attention to TB cases
3 hours -
2024/25 GPL: Defending champions Samartex suffer second consecutive loss as Basake Holy Stars wins 1-0
3 hours -
Government stands firm in Galamsey fight, says Akufo-Addo
3 hours -
National Peace Council assures public of violent free elections
3 hours -
Agenda 111 to be discontinued if NDC comes to power – Akufo-Addo
3 hours