Audio By Carbonatix
Special Prosecutor Martin Amidu has completed the Corruption Risk Assessment conducted into government’s transaction with the Agyapa Minerals Royalties Limited.
According to his Office, the process was concluded as far back as October 15 and had forwarded findings of same to the Presidency and Finance Ministry on October 16.
In August this year, the OSP, as part of its mandate, requested from the Finance Ministry documents regarding the special purpose vehicle (SPV) which help the country secure about $1 billion to finance infrastructural projects.
This followed criticisms from Civil Society Organisations about red flags in the transaction.
The Minority in Parliament has described the deal as one shrouded in secrecy adding that its nature had the propensity to breed corruption, a position that government has vehemently rejected.
Dr Steve Manteaw, Chairman of the Civil Society Platform on Oil and Gas demanded that the Special Prosecutor looks into allegations of nepotism in investigations into the Agyapa Royalties deal.
His comment follows the Finance Ministry’s suspension of the planned launch of the Initial Public Offer (IPO) amid Martin Amidu’s ongoing corruption risk assessment of the transaction.
In a press release Monday, Martin Amidu said, "Two weeks is more than too long for this office to continue withholding the announcement of the completion of its 64-page report to the public."
"It is important that this office has the freedom to discharge its anti-corruption mandate and keep the public informed," the statement signed by Mr Amidu read.
The agreement which is said to be in line with the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978), was passed without support from the Minority in Parliament.
Meanwhile, an Initial Public Offer (IPO) which was put on hold, remains suspended ahead of the disclosure of the findings of the OSP's corruption risk analysis meant to identify potential weaknesses which may present opportunities for corruption to occur in the arrangement.
Latest Stories
-
Politicians will soon distribute Range Rovers – Dr Asah-Asante warns over vote-buying
12 minutes -
MIIF’s Economic and Market Outlook for 2026 forecasts increased investment in AI
12 minutes -
GIADEC CEO clarifies land dispute, outlines aluminium industrial park plans
32 minutes -
Mahama amuses surgeons with humorous take on childbirth at regional conference
49 minutes -
Ex-occultist Ama Born Again warns of bloody and dangerous rituals at marketplaces
51 minutes -
Painful memories, hard lessons: Why Ghana’s backroom team matters more than ever
1 hour -
Vote-buying has become a ‘soft culture’ in Ghanaian politics – Political analyst
1 hour -
Mahama fully involved in party decisions – Kwakye Ofosu dismisses rift claims
1 hour -
Baba Jamal’s recall not targeted, decision based on allegations – Kwakye Ofosu
1 hour -
OccupyGhana demands crackdown on intra-party vote buying
1 hour -
Suame Interchange: Government spending extra GH¢3bn to build bypass – Agbodza
1 hour -
Cyber Security Authority rallies stakeholders for Africa Safer Internet Day
2 hours -
Cybersecurity threats in Ghana: A comprehensive analysis
2 hours -
Alhaji Seidu Abagre granted GH¢100,000 bail
2 hours -
NPP selects Baba Ali Yussif for Ayawaso East by-election
2 hours
