25.1 C
Thursday, October 1, 2020

CSOs more active than opposition – Gyampo

Popular Stories

See Reasons Why People Are Buried Six Feet Under

This unique location has followed a popular intensity of 6 toes. However, have you ever ever questioned why and whilst humans noticed...

Stop:You Are Slowly Destroying Your Kidneys By Doing These 7 Things You Always Do

There is an expansion in the occurrence of Kidney disappointment among blacks now on account of specific things that we do every...

You Are Slowly Damaging Your Liver When Doing These 7 Things

These pieces of the body are: the cerebrum, heart, kidney and the liver, just to make reference to yet few. For the...

Former masseur explains why he will never let his wife go to a spa alone

A former masseur has said he will never allow his wife to go to a spa alone because of...
Christopher Sam
Christopher Sam is a web designer, developer and has advanced knowledge in Search Engine Optimization, Responsive Website Design, Emails Marketing, BULK SMS Messaging, Schema Markup and a certified Google Trainer. He is a creator and editor at Hypercitigh.com, an online digital platform focusing on Credible and Timely news and in Ghana.
- Advertisement -

A Senior Lecturer at the University of Ghana, Political Science Department, Professor Ransford Gyampo has called on the opposition to sit up and be more active in keeping the government on its toes.

According to Professor Gyampo, Civil Society Organisations have recently been more vibrant in scrutinising the government than the opposition which he describes as worrying.

- Advertisement -

Speaking on Starr FM’s Analyses programme on Saturday, Professor Gyampo also slammed government officials who are suddenly irritated by the work of the CSOs but were comfortable with when they were in opposition.

“I think that the CSOs are taking on regimes and I think that the CSO are doing more than the opposition and the opposition must sit up,” Professor Gyampo said.

He added “I commend on what CSOs are doing and I call on government to allow them to do what they are doing and once a upon a time they were in opposition and used the platform by CSOs and all of a sudden they are in power and find faults with them…I will say it is political hypocrisy.”

- Advertisement -

His comments after former Journalist and a senior member of the NPP, Elizabeth Ohene, in an article took a swipe at some CSO’s in the country describing them as all knowing neutrals.

Her criticisms followed the uproar on the Agyapa Royalties deal that the government is seeking to implement.

The Government on Friday denied suspending the Agyapa Royalties transaction.

- Advertisement -

The Ministry of Finance which issued the denial in a statement, said a publication claiming the suspension of the transaction after a meeting with Civil Society Organizations (CSOs) is untrue.

While acknowledging meeting with CSOs on September 2, 2020, as part of efforts to broaden consultations and ensure the buy-in of all Ghanaians for the deal, the Ministry said no such decision was arrived at to suspend it.

About the Agyapa deal

Parliament August 14th approved the controversial Agyapa Mineral Royalty Limited agreement with the government of Ghana despite a walkout by the Minority.

Two years ago, the House passed 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 government.

The fund is supposed to manage and invest these royalties and revenue from equities for higher returns for the benefit of the country.

The law allows the fund to establish Special Purpose Vehicles (SPVs) to use for the appropriate investments. Last month, government introduced an amendment to the act to ensure that the SPVs have unfettered independence.

The approval will enable the country to use a special purpose vehicle, Agyapa Royalties Limited to secure about $1 billion to finance large infrastructural projects.

In line with that, Agyapa, which will operate as an independent private sector entity, will be able to raise funds from the capital market, both locally and internationally, as an alternative to the conventional debt capital market transactions.

The funds, which are expected to be raised from the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE), will be a long-term capital, without a corresponding increase in Ghana’s total debt stock and hence without a public debt repayment obligation.

Source: Ghana/Starrfm.com.gh/103.5FM

Source link

- Advertisement -
- Advertisement -

More articles

Latest article

El-Rufai releases 25 prisoners on Nigeria’s 60th Independence Day

Nasir El-Rufai, the Governor of Kaduna State, released 25 prisoners and reduced the sentence for nine others on the occasion of...

Uganda reopens borders for passengers

Uganda has reopened its international borders for the first time since March when they were closed as a control measure against the coronavirus...

Former Ugandan university lecturer sentenced for sexually molesting female student

A former Makerere University Senior Administrative Assistant has been sentenced to a fine of Shs4m or two years in prison for...

Stonebwoy thrills Freedom Jacob Caesar with a deep freestyle

- Advertisement - Dancehall sensation, Stonebwoy in a video posted by Freedom Jacob Caesar on his Instagram story thrilled...