John Mahama: NDC will “vigorously” oppose Agyapa Deal
This comes after Finance Minister, Ken Ofori Attah said he still wants to pursue the contested deal, which seeks to allow for the monetisation of Ghana’s future gold royalties.
Ofori-Atta said he still has in his mind the agreement because he believes it is best for the country.
“[The Agyapa deal] is not about whether the monetization of mineral royalties or listing of the company is bad or good, it is good because that is how you raise resources.”
“The question is the process of doing that. If we have a problem with the process, let’s articulate it, let’s cure it, but let us not drop something that would be good for us and reduce our debt exposure,” explained Ofori-Attah who spoke at a press briefing to announce details of the African Development Bank 2022 Annual General Meeting last Thursday.
In a Facebook post however Mr. Mahama said the opposition party remains “opposed to the agreement.”
“The National Democratic Congress (NDC) will oppose it vigorously. #EnoughIsEnough”, he added.
At an event dubbed ‘Ghana at the crossroads’, “Mr. Mahama had emphasized that the government must “clarify reports which are rife in the investment community that it intends to use the Heritage Fund as collateral to raise a $2billion from a consortium of banks.
We wish to serve notice that if this turns out to be true, we in the NDC will oppose it vigorously in the same way that we opposed the Agyapa Deal.
We cannot support the collateralization of every single source of future revenue just to finance today’s consumption”.
Credit: dailymailgh
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