Gov’t puts on hold Agyapa Royalties deal

Updated: Oct 6, 2020

Govt puts Agyapa Royalties listing on hold The government has decided to suspend the launch of the Initial Public Offer (IPO) of the Agyapa Royalties deal on the London Stock Exchange (LSE).

The Ministry of Finance has said it does not intend to proceed with the IPO ahead of the results of the corruption risk assessment by the Office of the Special Prosecutor.

In a letter signed by a Deputy Minister of Finance, Mr Charles Adu Boahen, the government served the notice that it will not proceed with the IPO until the Special Prosecutor concludes ongoing corruption risk assessment on it.

The government had planned to launch the IPO in September 2020 to be completed in December 2020.

The Special Prosecutor had requested for all available documentation to enable him do the corruption risk assessment on the deal.