Send Agyapa deal back to Parliament for scrutiny – Akufo-Addo directs Finance Minister

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has directed the Minister of Finance, Ken Ofori-Atta, to resubmit the Agyapa Gold Royalties Transaction to Parliament for scrutiny.

This, the President believes, will ensure transparency and accountability while also addressing the concerns raised, principally, by the Minority, about having been given very limited time to subject the various Agreements to proper scrutiny.

The transaction documents to be resubmitted are the Relationship Agreement, the Assignment Agreement, the Allocation Agreement, and the Investment Agreement.

The directive to the Finance Minister follows the submission of a report on the analysis of the risk of corruption and anti-corruption assessment on the Agyapa Gold Royalties Transaction by the Special Prosecutor, Martin Amidu, to the President of the land, Nana Akufo-Addo.

The President has in line with the observations of the Special Prosecutor, also directed that the procurement of the services of the Transaction Advisor (s) should also be reviewed by the Ministry of Finance and the Attorney General, with the aim of taking all steps that may be necessary to remove any doubts about the integrity of the process.

A statement from the Jubilee House dated November 2, 2020 and signed by its Director of Communications, Eugene directive, said “it is the expectation of the President that the Ministry of Finance and the Minerals Income Investment Fund and the Transaction Advisors will use this opportunity also to amend the relevant Agreements to take into account the useful feedback received during the series of stakeholder consultations over the last two months. Furthermore, issues surrounding the value of the proposed Agyapa listing should be properly addressed in order to engender greater public confidence”.

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