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)

Comments

Popular posts from this blog

NPP And NDC Playing "Chaskele" With EC... Rev Dr Worlanyo Mensah

  NPP And NDC Playing "Chaskele"  With EC... Rev Dr Worlanyo Mensah Tensions between Ghana's Electoral Commission (EC), National Democratic Congress (NDC), and New Patriotic Party (NPP) have escalated over alleged discrepancies in the 2024 voter register. Rev Dr Samuel Worlanyo Mensah, vice presidential candidate for the All People's Congress (APC), economist and a lecture at Wisconsin university Accra, has warned that the NDC and NPP's actions during the limited voter registration and special transfer of vote exercise have compromised the register's integrity. "The two major parties were bussing people from their homes to registration centers, encouraging minors and foreigners to register," Dr. Worlanyo alleged. The NDC recently raised concerns upon receiving the provisional voters register, citing bloated electoral rolls in certain polling stations and alleged attempts by the EC to rig the December 7 polls in favor of the governing NPP. In res...

NPP Government Shortchanges Cocoa Farmers: A Closer Look at the Discrepancies....Twifo Atti-Morkwa NDC Communication Officer.

NPP Government Shortchanges Cocoa Farmers: A Closer Look at the Discrepancies.... Twifo Atti-Morkwa NDC Communication Officer. In recent years, Ghana's cocoa farmers have faced significant disparities in the payments they receive for their hard work. A comparison of current cocoa pricing practices under the New Patriotic Party (NPP) government with those from the era of the National Democratic Congress (NDC) highlights a troubling trend: farmers are being shortchanged, while the government profits disproportionately. As of today, the global market price for cocoa stands at $6,470 per ton. With an exchange rate of Ghc 16.35 to $1, this translates to Ghc 105,784.50 per ton in Ghanaian cedis. Given that one ton comprises 16 bags, this sets the price per bag at Ghc 6,611.00. However, the current government pays cocoa farmers only Ghc 3,000 per ton—just 45.39% of the total price—retaining the remaining 54.61%, or Ghc 3,609.52 per ton. In stark contrast, under the NDC government led by J...

Galamsey Fight: Government Must Tread Carefully to Avoid Judgement Debt -- Rev Dr. Worlanyo Mensah

  Galamsey Fight: Government Must Tread Carefully to Avoid Judgement Debt -- Rev Dr. Worlanyo Mensah The Vice Presidential Candidate of the All Peoples Congress (APC) and renowned economist, Rev Dr. Worlanyo Mensah, has cautioned the government to exercise restraint in addressing illegal mining activities, popularly known as "galamsey." Dr. Mensah warned that hasty actions, driven by calls from Civil Society Organizations (CSOs), could lead to substantial judgement debts. "Many Ghanaians are advocating for drastic measures, including 'shoot and kill' operations and burning excavators at galamsey sites, under the guise of executive directives, which lack legal backing," Dr. Mensah said. While acknowledging the need to stop illegal mining, Dr. Mensah emphasized that such actions must be grounded in law to achieve their intended purpose. "The government must not forget that foreign and local mining firms with prospective mining licenses from the Ministry o...