Newsfile on the JoyNews channel on Saturday morning discussed the controversial Agyapa Minerals Royalties agreement.
On Friday, it came to the fore that the transaction advisors on the Agyapa Royalties Agreement deal are fighting back after a leaked document from the office of the Attorney General described the deal as onerous, unconscionable, and a violation of Bank of Ghana Act.
In a letter from Attorney General Gloria Akuffo to Finance Minister Ken Ofori Atta dated July 22, she expressed concern the deal curtails independence of Ghana’s Judiciary and Legislature.
She said the agreement will amount to executive interference of the powers of the judiciary, which is a violation of the concept of separation of powers as provided under the Constitution of Ghana.
Madam Akuffo’s office said the expected returns to the country are limited, considering the strict commitment demanded of government and penalties per the deal.
But Gabby Asare Otchere Darko of Africa Legal Associates, which is one of the legal firms advising on the deal told Osei Bonsu on Asempa FM’s Ekosi Sen show that Gloria Akuffo subsequently made a u-turn after several engagements with the lawyers.