Agyapa: Snr Lecturer predicts another defeat for Akufo-Addo

The particular controversial Agyapa Royalties deal which the government plans in order to re-table before Parliament will probably face another setback aside from the President himself requires charge to explain its advantages to the good people associated with Ghana. “The President ought to engage in broader stakeholders’ assessment. It is the work of the Chief executive and his cabinet to tell individuals their policy guidelines. However, Sector Minister cannot perform anything about the deal”, Lecturer with the Garden City University or college College, Mr. Aaron Kumah advised. President Akufo-Addo providing while delivering his Condition of the Nation Address upon Tuesday, March 9 informed Parliament his government expects to further engage lawmakers in the future of the transaction that was put on suspension after municipal society organizations raised reddish flagsSpeaking to the President’s statement on Kumasi-based Otec FM afternoon political talk display “Dwabirem” monitored by MyNewsGh. com, the Lecturer nevertheless expressed surprise about the President’s decision. “For me particularly, I am surprised that the Leader is even thinking of re-tabling the deal in parliament. Was not it approved by the same parliament before? I’m very very amazed. Why parliament again? ”, Mr. Aaron Kumah quzzed. The controversial gold royals deal was put on suspension system after civil society companies, Members of Parliament as well as a section of the public rejected this saying it was not going to assist the best interest of the countryPrior to approving the Agyapa Royalties transaction, Parliament within 2018 passed the Nutrients Income Investment Fund (MIIF) Act 2018 which determines the Fund to manage the particular equity interests of Ghana in mining companies plus receive royalties on behalf of federal government. The sole purpose of the finance is to manage and commit these royalties and income from equities for increased returns for the benefit of the nation and government through the MIIF. In exchange for that, the Agyapa Royalties Limited aims to boost between US$500 million plus US$750 million for the Authorities on the Ghana and Greater london Stock exchange’s intended for growth projects. Source: MyNewsGh. com/2021
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