General News of Sunday, 25 February 2024Source: www.ghanaweb.comThe amount of money the government expended on the botched Agyapa Royalties deal is more than the US$12m reported by the Chief Executive Officer of the Minerals Income Investment Fund (MIIF). Even before the Mines and Energy Committee of Parliament could be furnished with details of the expenditure, the breakdown of entities that were paid out of the US$12m sum was published online. IMANI Africa Vice President Bright Simons published on X (formerly Twitter) a breakdown of how 10 entities, local and international, were paid varying sums that came up to the amount. The biggest payment was to Imara Holdings, the transaction advisor on the deal who bagged over US$9.6 million. Some legal and audit firms were also paid varying sums, plus over US$1.5m paid as staff salaries.

Source: GhanaWeb February 25, 2024 12:45 UTC