Audio By Carbonatix
Information Minister, Kojo Oppong Nkrumah says it is "unpatriotic" of some senior politicians to issue out threats to investors who may want to support the Agyapa Mineral Royalties deal.
He finds their actions "irresponsible" and detrimental to the government’s ability to pool resources for the smooth running of the Agyapa Mineral Royalties deal.
Oppong Nkrumah speaking on JoyNews’ PM Express stated: “What we find unpatriotic as a Majority is that it is not right that when the government of Ghana is in the middle of transactions like this you have senior politicians going out there threatening investors that if you participate in this we will not honour it.
“We think it is unpatriotic. We think it is not responsible. We think that if you have challenges you can raise those challenges, you can raise those questions, but do not threaten investors when the sovereign republic is out there raising resources”.
His comment comes on the back of the National Democratic Congress' Flagbearer, John Mahama who stated in an interview on Facebook that his “government will not respect the deal” which in his opinion was shrouded in secrecy.
Mahama argued that “the Ghana Infrastructure Investment Fund (GIIF) could have played the same role as Agyapa if the Akufo-Addo led government wanted to be transparent”.
The agreement is between government and a Special Purpose Vehicle (SPV) company which was approved in line with the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978).
The approval will enable the country to use the SPV, Agyapa Royalties Limited, to secure approximately $1 billion to finance large infrastructural projects.
In view of this, Agyapa, which will operate as an independent private sector entity, will be able to raise funds from the capital market, both locally and internationally, as an alternative to the conventional debt capital market transactions.
Latest Stories
-
WAMPEX 2026 opens in Accra with call for responsible mining and regional growth
2 minutes -
‘Dr Likee’ partners NGOs to clear hospital bills of needy persons at KATH
28 minutes -
High visa fees could undermine Ghana’s e-Visa gains – Tourism analyst
39 minutes -
Supreme Court dismisses IMANI Africa suit challenging President’s power to remove security chiefs
40 minutes -
Sovereignty is not measured by speeches but by jobs, healthcare and stable utilities — Chief of Staff
41 minutes -
Ghana signs $1.5bn AgriConnect Compact to create 2.6m jobs
43 minutes -
Binance appoints Sammy Mutua as General Manager for Africa
45 minutes -
AMA schedules June 6 National Sanitation Day exercise to tackle flooding and improve cleanliness
58 minutes -
Ivory Coast or Ghana: who really has the best performing economy?
1 hour -
2nd Deputy BoG Governor urges businesses to avoid speculation and support Cedi stability
1 hour -
AMA sympathises with June 3 disaster victims, says steps taken to prevent recurrence
2 hours -
Ban on plastic materials will be difficult to enforce – EPA
2 hours -
Wontumi trial: Court sets July 3 for judgment
2 hours -
“We expect respect for our sovereignty” — Bagbin rejects foreign pressure on African values
2 hours -
Richard Jakpa calls for urgent irrigation investment in Upper West, warns against youth unemployment
2 hours