Nana Addo assures the return of Agyapa Deal

During yesterdays state of the nation address by H.E Nana Addo, he assured the house that, Government will return to Parliament with the Agyapa deal for an engagement.

“Mr. Speaker, let me, at this point, assure the House that, in the course of this session of Parliament, Government will come back to engage the House on the steps it intends to take on the future of the Agyapa transaction,” he said

Parliament of Ghana 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 the 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 funds, which are expected to be raised from the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE), will be long-term capital, without a corresponding increase in Ghana’s total debt stock and hence, no public debt repayment obligation.

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