Mahama on his Fb timeline shared a publish by the Member of Parliament for Bolga Central, Isaac Adongo, who stated the Agyapa deal, a Mineral Royalty Limited arrangement with the government of Ghana which dominated the media landscape is a “big fraud on Ghana” by President Nana Addo Dankwa Akufo-Addo and the Akyem Mafia.
The MP mentioned the controversial deal is a move by the President and some team of appointees in his governing administration he refers to as Akyem Mafias to defraud the condition and accused the President and his kith of forming a people-and-friends cartel to capture the mineral assets of the point out by way of the offer.
But the President at a conference with the Ghana Catholic Bishops’ Convention at the Jubilee House on Friday, August 4, 2020, said identified teams and Ghanaians ought to condemn the feedback.
He mentioned he was ‘very disturbed’ by the ethnocentric tagging his ethnic team but also mentioned, ‘that is the kind of language we really don’t want in our politics.
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“The feedback created by my opponent [John Mahama] ‘Ayem Sakawa’ folks I have not heard any general public figure in this place comment on it. it is absolutely unacceptable. If I wake up to make this kind of a remark about Northerners or Gonjas you can envision the uproar that will be in the state. A former President of Ghana you can call a group of Ghanaians ‘Sakawa’ folks and it will involve the team of a sitting down President,” he additional.
He claimed: “His statement has been handed without feedback from teams. At the very same time, we have been instructed to convey the politics of insults to an close. We require to concentration on this make a difference in an even-handed way.”
In 2018, Parliament handed the Minerals Profits Financial investment Fund Act 2018 which establishes the Fund to deal with the equity pursuits of Ghana in mining businesses, and receive royalties on behalf of the authorities.
The fund is supposed to control and make investments these royalties and revenue from equities for higher returns for the gain of the state.
The legislation makes it possible for the fund to establish Unique Goal Autos (SPVs) to use for the ideal investments. Previous thirty day period, the government released an modification to the act to make certain that the SPVs have unfettered independence.
The approval will help the country to use a specific intent vehicle, Agyapa Royalties Limited to protected about $1 billion to finance big infrastructural projects.
In line with that, Agyapa, which will work as an impartial private sector entity, will be in a position to elevate cash from the money marketplace, both of those domestically and internationally, as an different to the standard debt funds market place transactions.
The offer has given that received condemnation from Ghanaians which they demanded a suspension of the deal right up until all files relating to the useful owners of the offer are disclosed.
