• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Sunday, September 24, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

We won’t tolerate Ofori-Atta’s revised Agyapa deal – John Jinapor

byHanson Agyemang
May 13, 2022
Reading Time: 2 mins read
ShareShareShareShare

Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor, says his side will not tolerate the re-introduction of the Agyapa minerals royalties deal.

This follows hints by the Finance Minister, Ken Ofori-Atta about the revival of the deal.

The deal, which seeks to securitize Ghana’s mineral resources for development, was dropped following stiff opposition.

But the government says engagements are ongoing to retable the deal in Parliament.

In an interview with Citi News, John Jinapor urged government to find ways of protecting Ghana’s mineral reserves instead.

“The Finance Minister has made the pronouncement, so we are waiting for what he will bring, but from my point of view, we should be thinking about saving money. We should be building buffers rather than spending future receivables.”

“The Minister has already given a hint of collateralizing the unpopular E-levy, so to add Agyapa to it and collateralize our mineral resources for me is most unfortunate. It is untenable because COVID-19 has taught us that, we cannot predict the future. That is a position we [Minority] will maintain.”

Speaking at the Minister’s press briefing in Accra on Thursday, May 12, 2022, Ken Ofori-Atta hinted at government’s intention of ensuring that the Agyapa Royalties deal sees the light of day.

For him, the deal is a good one as it will help the country  raise resources from the capital market and reduce its debt exposure.

“It is not about whether the monetisation of mineral royalties or listing of the company is bad or good, it is good because that is how you raise resources”, the Finance Minister explained.

His comments come after the Minerals Income Investment Fund was reported to have said that it is redesigning its strategy for listing the Agyapa Royalties on the London Stock Exchange and the Ghana Stock Exchange.

“If we have a problem with the process, let’s articulate it, let’s cure it, but let us not drop something that would be good for us and reduce our debt exposure. My mind is still there [on Agyapa]. I know the President has mentioned something about that,” the Minister added.

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.

ShareTweetSendSend
Previous Post

GAEC boss urges young women to pursue careers in TVET

Next Post

Our facility not only for our staff; we’re open to the public – BoG Hospital 

Related Posts

The storey building after collapse
Top Stories

Ofankor: Three-storey building under construction collapses

September 23, 2023
International

Florida police stop 10-year-old driver on highway

September 23, 2023
News

Bryan Acheampong denies “wicked” allegations of destroying farms in Kwahu

September 23, 2023
Top Stories

Okyem Aboagye’s death painful – Kyei-Mensah-Bonsu mourns

September 23, 2023
Top Stories

Jubilee House is the safest place to protest – Mornah hits back at police

September 23, 2023
Top Stories

#OccupyJulorbiHouse demo: Protesters mass up for Day 3

September 23, 2023
Next Post

Our facility not only for our staff; we're open to the public - BoG Hospital 

TOP STORIES

Ofankor: Three-storey building under construction collapses

September 23, 2023

Okyem Aboagye’s death painful – Kyei-Mensah-Bonsu mourns

September 23, 2023

Jubilee House is the safest place to protest – Mornah hits back at police

September 23, 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

© 2023 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Videos

© 2023 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