Business News of Tuesday, 9 March 2021Source: www.ghanaweb.comAgyapa Royalties transaction will be back in Parliament – Akufo-AddoPresident Nana Addo Dankwa Akufo-AddoPresident Nana Addo Dankwa Akufo-Addo has disclosed that his government plans to re-table before Parliament the Agyapa Royalties transaction. “The government will come back to engage the House on the steps it intends to take on the future of the Agyapa transaction,” President Akufo-Addo declared. Martin Amidu disclosed that the process involving the transaction raised reasonable suspicion of bid-rigging and corruption. Prior to approving the Agyapa Royalties transaction, Parliament in 2018 passed the Minerals Income Investment Fund (MIIF) Act 2018 which establishes the Fund to manage the equity interests of Ghana in mining companies and receive royalties on behalf of government. In exchange for that, the Agyapa Royalties Limited aims to raise between US$500 million and US$750 million for the Government on the Ghana and London Stock exchange’s intended for development projects.

Source: GhanaWeb March 09, 2021 17:48 UTC