The Minister of Finance, Ken Ofori Atta, has defended government’s decision on the approval of the controversial Agyapa Royalties Agreement which is intended to allow the country to derive maximum value from its mineral resources.
He said the decision is not a rushed one.
It is also intended to monetise mineral income accruing to the country in a sustainable and responsible manner.
Parliament last week in line with the Minerals Income Investment Fund (MIIF) (Act 978) of 2018 approved the AGYAPA Agreements.
The move gives Agyapa Royalties Limited, the right to secure about $1 billion to enable Government to finance large infrastructural projects. However, it has been greeted with a lot of public disaffection leading to the Minority in Parliament, former President John Mahama and some CSO’s kicking against it.
However, at a news conference in Accra, Mr. Ofori Atta stated that Government is happy with the agreement especially, it being listed on the stock exchange in London and asked that issues about it should cease.
Mr Ofori Atta spoke about the value and importance of the Agyapa Agreement. He said it is done for the benefit of the citizens