Skip to main content

Agyapa Royalties Deal Has Come to Stay-CVM




 



Agyapa Royalties Deal Has Come to Stay-CVM


The Concerned Voters Movement (CVM) has endorsed the Agyapa Royalties deal as a perfect deal to advance the course of socio-economic and infrastructural development in Ghana. It is important to state that Agyapa Royalties Minerals Limited is  100% owned by the Government of Ghana.


The NPP Government under the selfless leadership of Akufo-Addo has adopted a special purpose vehicle to leverage  the Country's minerals royalties for the overall benefit of the Country, unlike John Mahama who decided to use State Power to offer over 58% of the Country's Bauxite Concession to one of his junior brothers with absolutely no benefit to the Country. In the nutshell, Agyapa Royalties deal is for the benefit of the entire Country whereas Mahama's Bauxite Concession was for the benefit of the Mahama's family.


The decision of Government to list the Agyapa Royalties on the stock market is to raise revenue for the development of the Country and nothing else. The deal of Agyapa Royalties Minerals Limited is based on law passed by Parliament(Act of Parliament, Minerals Income Investment Fund),  and the deal would be a special purpose vehicle to keep track of all the Country's investments in the mining industry.


The arguments by some Civil Society Organizations and individuals against Agyapa Royalties Minerals Limited are baseless and without any merit. 


For the purposes of revenue generation, transparency and accountability, the Government of Ghana has decided to float 49% out of its 100% shares on the stock markets specifically Ghana Stock Exchange and London Stock Exchange. When that happens, anybody including those making empty noise can buy some of the shares. 


After the floating of the shares on the stock market, Government of Ghana SHALL still be the majority shareholder(51%) of the Agyapa Royalties Minerals Limited.


Some of the people behind these Civil Society Organizations who are against Agyapa Royalties deal are a bunch of ignorant people parading themselves as jack of all trades. They know everything but they are experts of nothing. One of the impediments to socio-economic development of Ghana is the usual ignorant commentaries from "hungry and arrogant" individuals behind these Civil Society Organizations whose sources of funding are constantly classified as HIGHLY OPAQUE.


The CVM would like to ask the Civil Society Organizations making the empty noise about Agyapa Royalties deal these two  key questions:


1. What expertise, experience, competence and track record does Bright Simons, IMANI people and other CSOs have in stock market, asset management and minerals royalties transactions to give them the audacity to throw dust into the eyes of the general public?


2. Can they show with evidence that any of them have worked or consulted for any reputable stock market on minerals royalties before?


CVM commends the Government of Ghana for the enactment of Minerals Income Investment Fund (MIIF) and the successful establishment of  Agyapa Royalties Minerals Limited, a special purpose vehicle to leverage on the Country's minerals royalties.


... Signed...

Razak Kojo Opoku

(CVM Founder & President)

Labels:

Comments

Post a Comment

Popular posts from this blog

C/R: Assin Oboba Kokorowa Pupils Are Forced To Study In Dilapidated And Death Trap Building

  C/R: Assin Oboba Kokorowa Pupils Are Forced To Study In Dilapidated And Death Trap Building The fate of over 500 pupils at the Assin Obobakokrowa D/A Basic School in the Assin North District of the Central Region hangs in the balance as they learn under dilapidated structures. The the Assin Obobakokrowa D/A Basic School has not seen any major rehabilitation since its establishment in 1970s. Parents and residents in and around the community are appealing for urgent assistance due to the deteriorating condition of their classroom blocks .  The school's infrastructure has become unsafe, forcing pupils to learn under dire circumstances. Parts of the aluminum roofing sheets are rusting away, while their remains hang loosely on the tiny erected concrete pillars. Class sessions end abruptly whenever the clouds gather.  “Our roof is ripping off. And when it rains, it leaks into our classroom, so we have to end classes.  “When it leaks, our books get wet and we are not able...
Post a Comment
Read more

Rev Isaac Manu Reminds the President of his Promise to Assin North

Rev Isaac Manu Reminds the President of his Promise to Assin North The Leader of Presidential Watchtower, a prayer team for the Presidency, and NDC Communication Team member, Rev Isaac Manu, applauds the President for showing commitment in  fulfilling his campaign promises. Notably, the establishment of ORAL and the reduction of ministries from 30 to 23 demonstrate the President's commitment to his word. Rev Manu also reminds the President of his pledge to the people of Assin North concerning ministerial appointment, as stated in his previous address.¹ "We acknowledge the President's efforts in keeping his promises and encourage him to continue on this path," says Rev Manu. Reference:  https://citinewsroom.com/2023/06/ill-appoint-gyakye-quayson-as-minister-if-i-win-2024-polls-mahama/
Post a Comment
Read more

NPP 2024 Elections Defeat: Assin Central Presented A Weak Parliamentary Candidate ...Constituents Reveals.

  NPP 2024 Elections Defeat: Assin Central Presented A Weak Parliamentary Candidate ...Constituents Reveals. The New Patriotic Party's (NPP) staggering defeat in the 2024 general election has prompted a nationwide introspection, as the party seeks to understand the underlying causes of its loss. One of the most shocking losses was the Assin Central seat, which had been a stronghold for the NPP since 2000 under the leadership of Kennedy Agyapong. In a surprising turn of events, the National Democratic Congress (NDC) managed to wrestle the seat away from the NPP, leaving many to wonder what factors contributed to this unexpected outcome. To gain a deeper understanding of the reasons behind this defeat, independent media personalities engaged with residents in the area, gathering their thoughts and opinions on the matter. The majority of those interviewed attributed the loss to the  unappealing posture of the 2024 NPP candidate for Assin Central, Godfred Nti Anewu, who struggled ...
Post a Comment
Read more