• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Friday, February 3, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Bortianor-Ngleshie-Amanfro MP touts benefits of Agyapa royalties deal

Citi FM’s Sammi Wiafe – Newly Elected Dean of the Presidential Press CorpsbySammi Wiafe
November 25, 2021
Reading Time: 2 mins read
ShareShareShareShare

The Member of Parliament for Bortianor-Ngleshie-Amanfro, Sylvester Tetteh, wants government to fast-track the processes leading to the return of the Agyapa Royalties deal to Parliament.

The deal was withdrawn from Parliament in 2020 after a series of opposition by Minority MPs and civil society organisations.

The deal seeks to monetise Ghana’s mineral resources for infrastructural development.

Taking his turn to debate the 2022 Budget Statement presented to the House by Finance Minister, Ken Ofori-Atta, Sylvester Tetteh said Ghana’s infrastructure deficit is a result of the unavailability of money to fund the project.

“Mr. Speaker, all of us here want development in our constituencies, but we forget that there is no money for such things. That is why the Agyapa deal should be brought back again to this house for approval, so we can fund critical projects in the country.”

He added that, “Mr. Speaker l will urge the President of the Republic to hurry up with the Agyapa deal, so we will get money to develop this country”.

President Akufo-Addo in his 2021 state of the nation address announced that the government was fine-tuning the Agyapa deal after extensive consultation with all relevant stakeholders before bringing it to Parliament.

“The government will come back to engage the House on the steps it intends to take on the future of the Agyapa transaction,” the President said.

About the Agyapa deal

Parliament on August 14th 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 the government.

The Fund is supposed 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.

ShareTweetSendSend
Previous Post

Ghana receives 150,000 doses of COVID-19 vaccines from Greece government

Next Post

2022 budget will put Ghana on path of sustainable development and job creation – Jinapor

Related Posts

Business

Otumfuo pledges support for job-creation initiatives as Star Beer relaunches production in Kumasi

February 2, 2023
News

Security guard of quarry site sustains gunshot wounds after robbery attack

February 2, 2023
Top Stories

NPP national council endorses decision for more consultation on date for primaries

February 2, 2023
News

We’re committed to engaging aggrieved factions to ensure peace in Bawku – U/E Regional Minister

February 2, 2023
News

Ledzokuku Assembly moves to protect buffer zones along Teshie-Lascala link road

February 2, 2023
Top Stories

Effects of galamsey disturbing; fight must be intensified – Sanitation Minister

February 2, 2023
Next Post

2022 budget will put Ghana on path of sustainable development and job creation - Jinapor

TOP STORIES

Security guard of quarry site sustains gunshot wounds after robbery attack

February 2, 2023

NPP national council endorses decision for more consultation on date for primaries

February 2, 2023

We’re committed to engaging aggrieved factions to ensure peace in Bawku – U/E Regional Minister

February 2, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT