Provide us with further details on $12m expenditure on botched Agyapa deal-Mines and Energy Committee tells MIIF

Source The Ghana Report

The Mines and Energy Committee in Parliament has called on the Minerals Income Investment Fund (MIIF) to provide the Committee with further details regarding the $12 million spent on the botched Agyapa royalties deal.

MIIF is also expected to furnish the committee with the documents, if any by February 27, 2024.

President Nana Addo Dankwa Akufo-Addo ordered the suspension of the Agyapa deal following a public outcry in 2021.

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Edward Nana Yaw Koranteng during a Public Accounts Committee (PAC) Sitting on Tuesday, February 13, 2024, disclosed that $12 million was spent on the suspended Agyapa royalties deal.

He explained that the amount was expended on the process of issuing the initial public offering on the London Stock Exchange before the suspension.

This has sparked public outrage, including the National Democratic Congress (NDC), and Civil Societies(CSOs) calling for the prosecution of government officials and persons involved in the controversial deal if found guilty.

The Committee, in a statement signed by Senior Assistant Clerk/Schedule Officer, Benjamin Tachie Antiedu, dated Tuesday, February 20, 2024, explained that “The purpose of the request is to guide the select committee on the appropriate steps to take in respect of the allegation.”

Find the full statement below


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