Ghana Politics

Agyapa deal is not a scam, stop the noise- Kwaku Baako

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Season journalist, Abdul Malik Baako has actually delved into the political battle over the widely Agyapa Minerals Royalties offer.

To Kweku Baako, all these objections are only noise.

Speaking on Peace FM, Mr. Baako stated that he sees nothing wrong with the deal emphasizing there was a “healthy cooperation, understanding and also collaboration” between previous Chief Attorney General of the once Mills/Mahama regime, the Ministry of Finance and the deal consultants of the offer when the process started.
He mentioned that the former Attorney General even offered some advices to guide the offer therefore questioned why the NDC and also Minority would now turn around to oppose the deal when the AG, prior to the NDC government was elected out of power, was actively involved in the initial discussions to approving the deal.
” There was a healthy cooperation, understanding as well as participation and individuals taking the Attorney General’s recommendations wherefore it deserves in order to push forward that process.”

Mr. Baako additionally contacted the conspiracy theory philosophers to hush up on the bargain stressing there is no problem of rate of interest, especially with the appointment of the Senior Minister’s child and Gabby Otchere-Darko to handle the deal.
” The noise is excessive but we elected it. We chose producing a space where the noise can be accommodated nevertheless awful.
” What I discover impressive about that whole thing is it made me realize that the understanding or if you like conspiracy theory that this is an effort by the government to craft some scam and toss it there for people just to take in is not really sustainable,” he stated.
Agyapa Minerals Royalties offer.
On Friday, August 14, 2020, Parliament accepted five arrangements to allow Ghana to get maximum worth from its mineral sources.

The arrangements were also to enable the nation monetize its mineral earnings based on the

Minerals Income Investment Fund (MIIF) Act of 2018 (Act 978) with the Act empowering Agyapa Royalties Limited, an Unique Purpose Vehicle, to safeguard $1 billion.
The money is meant to fund infrastructural projects in the nation.
According to the offer, Agyapa Royalties Limited will certainly run as an independent exclusive entity and generate funds from the capital market from the Ghana Stock Market (GSE) and the London Stock Exchange (LSE).

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