The Communication Director of the New Patriotic Party (NPP) has stated that the controversial Agyapa Royalties deal was valued at a price that will fetch investors.

Yaw Buaben Asamoa said the exact valuation cannot be sent to the stocks market.

“We are now developing, we need the investment. Now we are comfortable playing the international market of debt, we want to move to equity. What is associated with equity? Risk!” he said on Joy FM’s Super Morning Show, Thursday.

His comment comes as a response to Former Deputy Finance Minister, Cassiel Ato Forson, who argue that the country has been shortchanged in this deal.

Mr Buaben Asamoa explained that the valued amount of the Agyapa Royalties Limited is different from that of the total gold deposits in the country.

“The market capitalisation of Ghana’s gold is expected to be between $1.5 – $2 billion. One does not necessarily have to market its total receivable value,” he said.

The funds from the deal, which are expected to be raised from the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE), will be a long-term capital, without a corresponding increase in Ghana’s total debt stock.