The Mines and Energy Committee in Parliament has issued a seven-day ultimatum to Edward Nana Yaw Koranteng, the Chief Executive Officer of the Minerals Income Investment Fund (MIIF), to provide them with additional details on the $12 million spent on the failed Agyapa royalties deal.
He is expected to furnish the committee with the necessary documents by February 27, 2024.
In 2021, President Nana Addo Dankwa Akufo-Addo halted the Agyapa deal due to public uproar.
On February 13, 2024, Mr. Koranteng revealed during a Public Accounts Committee (PAC) Sitting that $12 million was spent on the suspended Agyapa royalties deal.
He clarified that the amount was used for the issuance of the initial public offering on the London Stock Exchange before the deal was suspended.
This disclosure has led to public outrage, with the National Democratic Congress (NDC) stating that it will prosecute government officials and individuals involved in the controversial deal if it wins the December polls.
“The Committee has stated on Tuesday, February 20, 2024, signed by Senior Assistant Clerk/Schedule Officer, Benjamin Tachie Antiedu. The purpose of the statement is to request guidance for the select committee on how to handle an allegation.”
Find the full statement below
