The Minority in Parliament is unwavering in its opposition against the Agyapa Royalties deal, despite the government’s decision to restructure it.
The Minority Leader, Haruna Iddrisu, during the final debate on the Budget Statement and Economic Policy of the government for the year ending 31st December 2022, said the Minority caucus will kick against attempts to re-lay the deal before Parliament.
Mr. Iddrisu explained that the Minority’s aversion towards the deal is inspired by the government’s attempt to collateralise Ghana’s resources.
“We will not support President Nana Addo Dankwa Akufo-Addo to bring back to this August House that baby called Agyapa. Ey3 Agyaboni [to wit; it is a bad deal]. We will not accept it.”
Mr. Iddrisu said the negative effects of similarly collateralising the GETFund and Road Fund offer enough reasons for the Minority to oppose the Agyapa deal.
“The reason why we will not support Agyapa is because of collateralising and securitisation [of the nation’s resources]. The NDC started collateralising Road Fund. What has that led us to? Road contractors are not being paid [by the Akufo-Addo government], certificates are held for three and four years with this unacceptable regime, and you want to collateralise our resources? We say no. We will not accept it.”
About the Agyapa deal
The Agyapa Royalty deal was proposed by the government last year to raise funds through mineral royalties for key infrastructure projects, but could not be passed after stakeholders rejected the deal.
The deal became a subject of hot debate after the opposition National Democratic Congress and some stakeholders kicked against it.
The woes of the deal were subsequently compounded by a 64-paged corruption risk analysis report released by the then Special Prosecutor, Martin Amidu.
The government subsequently suspended the deal.