HomeAgyapaAgyapa deal: New twist involving Akufo-Addo, Ken Ofori-Atta and Gabby Otchere-Darko

Agyapa deal: New twist involving Akufo-Addo, Ken Ofori-Atta and Gabby Otchere-Darko

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Finance Minister, Ken Ofori-Atta

The Alliance for Social Equity and Public Accountability (ASEPA) has filed a petition with the Commission of Human Rights and Administrative Justice (CHRAJ) against President Nana Akufo-Addo, Finance Minister, Ken Ofori-Atta and Gabby Otchere-Darko of Africa Legal and Associates over the Agyapa deal.

The Executive Director of ASEPA, Mensah Thompson, in the petition on Tuesday, noted that following the revelations in the Special Prosecutor’s Corruption Risk Assessment report on the Agyapa Minerals Royalties deal, the respondents need to be held accountable.

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Mr Thompson noted that Special Prosecutor, Martin Amidu, demonstrated “incompetence” when his outfit referred the report on the Corruption Risk Assessment Report to the President after his findings.

According to ASEPA, although the Office of the Special Prosecutor has the mandate to investigate and prosecute the issues raised in its report, it rather forwarded its findings to the President.

“It is on this note that ASEPA has taken the pain to petition CHRAJ which is also seized with enough powers to investigate these issues to commence full-scale investigations into the Agyapa Deal using the Office of the Special Prosecutor’s Corruption Risk Assessment Report as a lead,” he stated.

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Background

The Agyapa Deal, which is said to be in line with the Minerals Income Investment Fund Act 2018 (Act 978), was passed by Parliament on August 14, 2020.

The new agreement will enable the country to use a Special Purpose Vehicle, Agyapa Royalties Limited, to secure about $1 billion to finance large infrastructural projects.

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The transaction has, however, been met with stiff opposition from members of the National Democratic Congress, some civil society organisations and a cross-section of Ghanaians.

Subsequently, the Office of the Special Prosecutor advised the government to pull the brakes on its planned launch of an Initial Public Offer regarding the Agyapa Royalties agreement.

According to Mr Amidu, the move was to allow his outfit the opportunity to conclude its ongoing corruption risk assessment.

After submitting the report to the Presidency on October 15, President Akufo-Addo instructed the Finance Minister to send the deal back to Parliament for further scrutiny.

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Source: www.adomonline.com

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