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'John Mahama can terminate Agyapa deal when he wins power'- Kweku Baako

Editor In Chief of the New Crusading Guide newspaper, Abdul Malik Kweku Baako jnr. has said that it is equally possible for a future John Mahama Administration to suspend the Agyapa Royalty deal through the parliament of Ghana.

The Parliament of Ghana passed the deal few days ago by approving five agreements to allow the country to derive maximum value from its mineral resources and monetise its mineral income accruing to the country in a sustainable and responsible manner, in line the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978).


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


The Finance minister, Mr. Osafo-Maafo together with his deputy have all in a press conference confirmed that the deal was in the best interest of the Ghanaian people.


But speaking on Joynews analytical program, Newsfile on Saturday, the veteran journalist was asked by Samson Lardi if it was possible for a future NDC government to cancel the Agyapa deal as widely touted by John Mahama when voted in power and further, the deal had to be agreed by an overwhelming parliament.


He said: "I think it can. Yes. A future NDC government can easily suspend or terminate the Agyapa deal through the same parliament."

But the deal was approved. Forget about the 'overwhelming parliamemt' words in there, it was approved by parliament, despite the majority opted to walk out."


"The NDC can equally put it on hold through the same parliament. But these are all back and forth."


"Same thing happened to the selling of Vodafone in 2008."


"They [NDC] said they would set up a committee when they win power. Fast forward they won in 2008, set up the Vodafone review committee to investigate the sales but the committee didn't find any amendments to make to the Vodafone sale in August 2008. The transactions was held."


CSOs across the country have all recommended to government to abrogate the Agyapa Royalty deal because it is not in the interest of the Ghanaian people.

Content created and supplied by: Kekeli_ (via Opera News )

Abdul Malik Kweku Baako Agyapa Ghana John Mahama Kweku Baako

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