GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Business
Saturday 27 April 2024

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
... go Back
 
Business

[ 2021-03-10 ]

Government will engage Parliament about Agyapa deal – Akufo-Addo
President Akufo-Addo says government will come
back to engage Parliament on the steps it intends
to take on the future of the Agyapa transaction.

Delivering his State of the Nation (SONA) Tuesday,
he hinted that the controversial deal that failed
to see the light of day in the 7th Parliament will
be resurrected in the 8th Parliament.

The Agyapa Royalties deal generated so much
interest from several quarters because of the
alleged controversies of conflict of interest,
amongst others.

Some 15 Civil Society Organizations (CSOs) under
the umbrella name Alliance of CSOs working on
Extractive, Anti-Corruption and Good Governance
also demanded the immediate suspension of the
implementation of the controversial Special
Purpose Vehicle, Agyapa Royalties Limited
established by government though the Minerals
Income Investment Fund.



Former Special Prosecutor, Martin Amidu’s
Corruption Risk Assessment on Agyapa deal also
raised red flags over the deal, describing the
deal as fraught with corruption.

In November 2020, the President directed then
Finance Minister, Ken Ofori-Atta to send the deal
back to Parliament after the Assessment.

Office of the Special Prosecutor.

The Special Prosecutor in a statement issued
Monday morning [November 2, 2020] announced that
he had completed the corruption risk assessment
about two weeks ago and submitted his report to
the presidency.

Background

On August 14, 2020, Parliament approved the Agyapa
Minerals Royalties Investment Agreement and four
related documents to allow for the monetisation of
Ghana’s future gold royalties.

Under the agreement, Agyapa Mineral Royalties
Limited has been incorporated in Jersey near UK to
receive and manage royalties from 16 gold mining
leases over the next 15 years or so.

In exchange, the firm will list on the London and
Ghana Stock Exchanges later this year and raise at
least $500 million for government to invest in
infrastructure, health and education.

The listing will allow private people to buy a 49
per cent stake in the firm.

However, some 22 civil society organisations
called for a suspension of the deal, insisting it
was not in the interest of Ghana.

Source - Joyfm


... go Back

 
Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2021