Agyapa deal similar to What NDC did with Road Funds - Govt Spokesperson

Updated: Sep 8, 2020

The New Patrotic Party (NPP) Member of Parliament (MP) for Bantama Constituency Daniel Okyem Aboagye is of a strong opinion that the controversial Agyapa Minerals Royalties deal is not different from road fund deal under the erswhile National Democratic Congress (NDC) regime.

“Unfortunately for me, our friends in opposition will complain about everything. They (NDC) have forgotten that the principle behind Agyapa is similar to what they did with road fund. When they borrowed about 1.5 billion from UBA at the rate of about 32% and they mortgaged it”, he claimed.

The Government Spokesperson on Finance in an interview monitored by on GBC said with the benefits to be derived from the Agyapa Royalties deal by Ghanaians, there is no way it could land the party in opposition.

“Ghanaians are going to vote based on performance. Because if you compare NDC to the NPP they are not comparable except that we have to go to the same Ghanaians for a vote. Because we are talking about a situation when GDP growth dropped when inflation was in the upper numbers during NDC era" Hon. Okyem Aboagye said.

The Parliament of Ghana on August 14, 2020, approved the Agyapa Mineral Royalty Limited agreement with the Government of Ghana. The minority which opposed the deal staged a walkout to drum home their disapproval.

In 2018, the Minerals Income Investment Fund Act 2018 which establishes the Fund to manage the equity interests of Ghana in mining companies, and receive royalties on behalf of the government was passed in Parliament.

Meanwhile, many Civil Society Organizations (CSOs) have said that the deal will short-change the country.