Audio By Carbonatix
Joy News’ checks have revealed claims by the Minority in Parliament that it pushed for an amendment to the Minerals Income Investment Fund Act 2018 to take away its ability to be incorporated abroad is untrue.
Clause 3 subsection A of the Act says the fund may create and hold equity interest in a special purpose vehicle in any jurisdiction in furtherance of it object
Speaking on JoyNews' PM Express on Tuesday, Minority spokesperson on Finance Cassiel Ato Forson said they sought to amend that clause but that was shot down.
But Joy News reading of the parliamentary Hansard of September 25, 2018 when parliament considered Clause 3 of the bill showed the only amendment to the bill was by the chairman of Parliament of finance committee Mark Assibey Yeboah.
The amendment was replaced by figure 41 in the bill with 40. Fast forward to July 2020, government sought amendment to the act to give Agyapa unfettered independent.
Minority Leader, Haruna Iddrisu served notice that his side will not back the amendment.
"Someone somewhere is thinking of a special purpose vehicle for what? to pay a special vehicle for who? Therefore, Mr Speaker, I am serving notice that I will both outstanding orders that when it comes to this matter we will insist on a headcount on this matter. We don’t want to be counted as supporting this particular deal," he said.
But when Parliament approved on the amendment two weeks later, the minority raised no objection.
It was only when government brought the Agyapa agreement itself to the house for approval that minority MPs walked out of the chamber.
Meanwhile, Civil Society Groups say they are waiting for more documents from government on the Agyapa Royalties deal to re-examine its position on it. The groups met with the Finance Minister on Wednesday.
Latest Stories
-
MTN Ghana hands over hampers to 25 newly born ‘bronya’ babies at Cape Coast Hospital
10 minutes -
Kwanpa Band thrills patrons as Joy FM Family Party in the Park
26 minutes -
Lawyer arraigned over alleged GH¢800k excavator fraud
40 minutes -
U.S. Commerce flags Ghana’s new mining policy, port delays affecting American firms
48 minutes -
This Saturday on Newsfile: Constitution review report and AG’s ORAL drive
55 minutes -
Joy FM Party in the Park kicks off as patrons flock in amid growing excitement
1 hour -
Ghana, 2 others to see strong absolute growth in electricity consumption – Fitch Solutions
2 hours -
Return to bond market on gradual basis – IMF to government
2 hours -
Activist Felicity Nelson brings Christmas comfort to Accra Police cells
2 hours -
Obuasi Bitters Luv FM Nite with the Stars thrills Kumasi on Christmas Day
2 hours -
4 banks including one state bank remain severely undercapitalised – IMF
3 hours -
Police arrest 28-year-old with 98 parcels of suspected cannabis in Tamale
3 hours -
Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis
5 hours -
US Congressman says airstrikes first step to ending killings in Nigeria
5 hours -
Afenyo-Markin urges NPP to move from talk to action after 2024 election loss
5 hours
