NDC appalled by $12 million dollar expenditure on botched Agyapa deal; threatens prosecution

The National Democratic Congress has accused the Akufo-Addo/Bawumia government of “causing financial loss” to the state over the botched Agyapa Gold Royalties deal.

At a press conference addressed by the party in Accra today, National Communications Officer, Sammy Gyamfi, accused President Akufo-Addo and Vice President Dr. Mahamudu Bawumia of habouring what he describes as “countless skeletons of corruption in their closet”, following recent revelations at the Public Accounts Committee hearings.

It has emerged per disclosures by the Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Edward Nana Yaw Koranteng, that government has already committed some $12 million into the failed Agyapa Gold Royalties arrangement which came under intense public scrutiny sometime in the year 2020.

Speaking earlier today at the NDC’s ‘Moment of Truth’ press conference, Sammy Gyamfi called out these payments, labelling them as cruel and unconscionable and amounting to corruption and an abuse of the public purse, at the time when the country was still battling the ravages of the Coronavirus pandemic.

The NDC referenced the Corruption Risk Assessment by former Special Prosecutor, Martin Amidu, which established that the processes leading to the approval of the deal, among other things violated the Public Procurement Authority Act, Public Financial Management Act and provisions of the 1992 Constitution.

Based on the above, the NDC concluded that the suspended Agyapa deal was declared null and void by the OSP, hence payments to certain entities are illegal and have no legs to stand on. The party has therefore vowed to retrieve the sum of $12 million should the NDC and John Mahama win the 2024 general elections, and to prosecute current government officials who were involved in making these payments

Comments

Popular posts from this blog

GAPNEWS Ghana moves to capture US$2.4bn China soya market. The hefty tariff on soybeans from the United States has caused a 17 percent import decrease of the produce into China in February 2019, being the lowest level recorded since 2015, General Administration of Customs – Chinese statistical agency, has revealed. In 2017, U.S. soybean exports to China reached a volume of US$14.573 billion. Currently, the United States is the world’s largest soybean producer and second largest exporter, after Brazil. On the other hand, China is the world’s largest importer of soybeans – imported 91 million tonnes in 2018 market year as against 94 million tones the previous year. This suggests that the trade war between the two largest economies has created the opportunity for more than US$2.4 billion market share of soybeans that countries producing it can compete. Although, imports of soybean to China has reduced by 17 percent, this does not mean that consumption has reduced in similar terms...

GAPNEWS WHAT IS WRONG WITH GHANA l am not too old neither am I too young and certainly I can’t admit to knowing all the problems confronting our dear Nation Ghana, but suffice as it will I have had the speck removed from my eyes and have seen the trajectory of our Governance process as a Nation with my eyes and have come to the conclusion of the very facts I dare state beneath. The trouble in Ghana is simply and squarely a leadership crisis finding its expression in the “volcanic” way of our practice of politics in Ghana. Let me hasten to indicate that there is nothing wrong with the Ghanaian, our land, our climate, our water, and our ability to think and do things for ourselves. The Ghanaian crisis stems from the roots of the unwillingness and the wanton disrespect for patriotism on the part of its leaders to rise to the responsibility of performance beneficial to the good people of Ghana. We have seen quite fairly or if you will strongly in the epoch of our political li...

GAPNEWS Inflation rate for May drops to 9.4% Inflation rate for May 2019 recorded a marginal reduction to 9.4 per cent down by 0.1 percentage point from the 9.5 per cent recorded in April 2019. Deputy Government Statistician, David Kombat has been explaining to the media in Accra that the rate recorded was highly influenced by the declining rate of food inflation in the measuring basket. "We have seen a slight decline in food prices especially vegetables as a result of the weather patterns. This usually happens when we're entering into the raining season and commodity prices begin to experience some dips but this is also accompanied by some reductions in certain components of the non-food items" he said. Upper West recorded the highest general inflation of 11.1 per cent whiles Ashanti the highest rate in food inflation. "The food and non-alcoholic beverage group recorded 7.3 per cent, a reduction of 1.1 per cent point lower than the rate recorded in April ...