Agyapa Royalties is a clean brilliant initiative – Razark Opoku

The Agyapa Royalties transaction is one of the excellent initiatives with the greatest potential for advancing the country’s socio-economic and infrastructural development needs.

The Agyapa Royalties transaction has been created by Akufo-Addo’s government with good and genuine intentions to leverage Ghana’s  minerals royalties for the overall benefit of the country.

The decision of the government to list the Agyapa Royalties on the stock market was aimed at raising revenue for national development and it was never for the personal benefit of family members of Akufo-Addo as diabolically and mischievously alleged by some key members of the National Democratic Congress (NDC) and some Civil Society Organisations (CSOs).

Some issues were raised by the Minority in Parliament and Civil Society Organizations against the Agyapa Royalties transaction. The government therefore through the Ministry of Finance engaged the CSOs to listen to their views in order to better sharpen the Agyapa Royalties transaction.

Also, in accordance with the advice of the then Special Prosecutor, the government referred the Agyapa Royalties transaction to Parliament for proper scrutiny, value for money audit, transparency and accountability. Unfortunately, the 7th Parliament could not transaction with the Agyapa issues before the dissolution on the 6th January 2021.

Therefore, it is imperative that government resubmit the Agyapa Royalties transaction to the 8th Parliament for deliberations, public scrutiny and considerations. Quite frankly, it is very appropriate and in order for the re-submission of the Agyapa Royalties transaction to the new Parliament.

It is also very important to state that Databank has withdrawn services as a partner and transaction advisor in the Agyapa Royalties transaction largely due to the several unjustifiable attacks on the company as an entity, the person of  Hon. Ken Ofori-Atta and family members of President Akufo-Addo by members of NDC and pro-NDC CSOs.

The decision of President Akufo-Addo of sending the Agyapa Royalties back to Parliament considering the hung Parliament (137 NPP: 137 NDC: 1 Independent) clearly demonstrates that the NPP government wants the best ever transaction for the Agyapa Royalties and we need to commend President Akufo-Addo for such a laudable bold decision.

Taking Agyapa Royalties transaction back to Parliament would help the country to achieve the following benefits:

1. National consensus building for the transaction.
2. Clear all doubts, and achieve maximum transparency satisfactory to all Ghanaians.
3. Cure the propaganda spearheaded by members of NDC and pro-NDC CSOs against the transaction.
4. Secure a better transaction for the collective benefits of all Ghanaians.
5. Build public confidence in the transaction.
6. Ensure further scrutiny and probity of the transaction.
7. Enact proper nationalistic laws to regulate the transaction.

The Agyapa Royalties transaction is an excellent transaction with the greatest potential of changing the fortunes of the socio-economic architecture of the country. It is very essential that all of us support the Agyapa transaction.