THE POST
  • Home
  • News
    • All
    • Business
    • General News
    • Odd News
    • Politics
    • Science
    • World
    IMF endorses ECG privatisation

    IMF endorses ECG privatisation

    Man sentenced to 15 years for cocaine possession, it was powdered milk

    Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

    Dr Bawumia to launch ‘Ghana Card at Birth’ on March 14

    Dr. Bawumia condemns Ablekuma North violence, urges presidential action

    Ablekuma North rerun: Journalist injured following policeman’s slap

    Ablekuma North rerun: Journalist injured following policeman’s slap

    Three teenagers jailed 10 years each for armed robbery in Buobai

    Three teenagers jailed 10 years each for armed robbery in Buobai

    KNUST police arrest 2 persons for assaulting SRC executives

    KNUST student jailed 10 years for robbing hairdresser

    Trending Tags

    • Ghana Police
    • politics killing
    • Kumasi Metropolitan Assembly
    • Otumfuo @ 20
    • General News
    • Politics
    • World
    • Odd News
    • Science
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Sean ‘Diddy’ Combs to be sentenced on October 3

    Sean ‘Diddy’ Combs to be sentenced on October 3

    Shatta Wale dumps Hearts for Kotoko

    Shatta Wale to headline 2025 President’s Cup this weekend at the Accra Sports Stadium

    I spent $500,000 on Ibrahim Traoré movie –Lil Win

    I spent $500,000 on Ibrahim Traoré movie –Lil Win

    Medic who tweeted about Kuami Eugene’s health condition confirms 3-month suspension

    My life turned around after a trip to Volta Region – Kuami Eugene 

    Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

    Sarkodie sues Ecobank over lookalike advert

    The gospel music industry is pure evil – Esther Smith

    The gospel music industry is pure evil – Esther Smith

    Trending Tags

    • Shatta Wale
    • Wendy Shay
    • Gaming
    • Movie
    • Music
  • Sports
    Ex-Arsenal boss Wenger in ‘advanced talks’ with Milan to replace Gattuso

    Wenger defends ‘fantastic’ Club World Cup

    ‘You are going to enjoy me’ – Kudus tells Tottenham fans

    ‘You are going to enjoy me’ – Kudus tells Tottenham fans

    Justice Blay: Meet Ghana Premier League star

    Justice Blay apologizes for controversial comments on radio interview

    Blay ruled out for rest of season – report

    I was not the only drunkard at Asante Kotoko – Justice Blay in explosive clapback

    Blay ruled out of Kotoko, Hearts game

    Kwame Poku, Camara snatched my girlfriends – Justice Blay reveals

    Richard ‘Agadas’ Boadu returning to Kotoko

    Richard ‘Agadas’ Boadu returning to Kotoko

    Tottenham unveil Mohammed Kudus after completing move from West Ham

    Tottenham unveil Mohammed Kudus after completing move from West Ham

    Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

    Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

    Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

    Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

  • lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Relationship
    • Travel
    Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

    Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

    Mpox cases rise to 170 with 7 new infections

    Mpox cases rise to 170 with 7 new infections

    KATH doctor dies over lack of laboratory for treating ‘heart attack’

    KATH doctor dies over lack of laboratory for treating ‘heart attack’

    Single women contributed more to the spike in HIV/AIDS than men – Study

    15,290 new HIV infections recorded in 2024- Ghana AIDS Commission

    5 cases of monkeypox confirmed in Ghana

    Ghana records 14 more Mpox cases; total now 133

    First case of coronavirus confirmed in Wa

    UG confirms cases of COVID-19

    Trending Tags

      • Fashion
      • Food
      • Health
      • Relationship
      • Travel
    • Technology
      • Apps
      • Gadget
      • Mobile
      • Startup
    • Stories
      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

      Songo, the African tribe where children are raised by their uncles

      Songo, the African tribe where children are raised by their uncles

      Manhyia puts a ban on funerals in Asanteman

      Details of the symbol of authority of the Ashanti Region, the Asanteman flag

      The story of the Ghanaian professor emeritus who did not attend secondary school

      The story of the Ghanaian professor emeritus who did not attend secondary school

      The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

      The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

      Meet the African tribe that offers free sex to guests

      Meet the African tribe that offers free sex to guests

      Meet Kobena Sekyi, the educated elite who never wore European clothing

      Meet Kobena Sekyi, the educated elite who never wore European clothing

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      Who is the real Yaa Asantewaa

      Who is the real Yaa Asantewaa

    No Result
    View All Result
    • Home
    • News
      • All
      • Business
      • General News
      • Odd News
      • Politics
      • Science
      • World
      IMF endorses ECG privatisation

      IMF endorses ECG privatisation

      Man sentenced to 15 years for cocaine possession, it was powdered milk

      Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

      Dr Bawumia to launch ‘Ghana Card at Birth’ on March 14

      Dr. Bawumia condemns Ablekuma North violence, urges presidential action

      Ablekuma North rerun: Journalist injured following policeman’s slap

      Ablekuma North rerun: Journalist injured following policeman’s slap

      Three teenagers jailed 10 years each for armed robbery in Buobai

      Three teenagers jailed 10 years each for armed robbery in Buobai

      KNUST police arrest 2 persons for assaulting SRC executives

      KNUST student jailed 10 years for robbing hairdresser

      Trending Tags

      • Ghana Police
      • politics killing
      • Kumasi Metropolitan Assembly
      • Otumfuo @ 20
      • General News
      • Politics
      • World
      • Odd News
      • Science
    • Entertainment
      • All
      • Gaming
      • Movie
      • Music
      Sean ‘Diddy’ Combs to be sentenced on October 3

      Sean ‘Diddy’ Combs to be sentenced on October 3

      Shatta Wale dumps Hearts for Kotoko

      Shatta Wale to headline 2025 President’s Cup this weekend at the Accra Sports Stadium

      I spent $500,000 on Ibrahim Traoré movie –Lil Win

      I spent $500,000 on Ibrahim Traoré movie –Lil Win

      Medic who tweeted about Kuami Eugene’s health condition confirms 3-month suspension

      My life turned around after a trip to Volta Region – Kuami Eugene 

      Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

      Sarkodie sues Ecobank over lookalike advert

      The gospel music industry is pure evil – Esther Smith

      The gospel music industry is pure evil – Esther Smith

      Trending Tags

      • Shatta Wale
      • Wendy Shay
      • Gaming
      • Movie
      • Music
    • Sports
      Ex-Arsenal boss Wenger in ‘advanced talks’ with Milan to replace Gattuso

      Wenger defends ‘fantastic’ Club World Cup

      ‘You are going to enjoy me’ – Kudus tells Tottenham fans

      ‘You are going to enjoy me’ – Kudus tells Tottenham fans

      Justice Blay: Meet Ghana Premier League star

      Justice Blay apologizes for controversial comments on radio interview

      Blay ruled out for rest of season – report

      I was not the only drunkard at Asante Kotoko – Justice Blay in explosive clapback

      Blay ruled out of Kotoko, Hearts game

      Kwame Poku, Camara snatched my girlfriends – Justice Blay reveals

      Richard ‘Agadas’ Boadu returning to Kotoko

      Richard ‘Agadas’ Boadu returning to Kotoko

      Tottenham unveil Mohammed Kudus after completing move from West Ham

      Tottenham unveil Mohammed Kudus after completing move from West Ham

      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

      Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

      Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

    • lifestyle
      • All
      • Fashion
      • Food
      • Health
      • Relationship
      • Travel
      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

      Mpox cases rise to 170 with 7 new infections

      Mpox cases rise to 170 with 7 new infections

      KATH doctor dies over lack of laboratory for treating ‘heart attack’

      KATH doctor dies over lack of laboratory for treating ‘heart attack’

      Single women contributed more to the spike in HIV/AIDS than men – Study

      15,290 new HIV infections recorded in 2024- Ghana AIDS Commission

      5 cases of monkeypox confirmed in Ghana

      Ghana records 14 more Mpox cases; total now 133

      First case of coronavirus confirmed in Wa

      UG confirms cases of COVID-19

      Trending Tags

        • Fashion
        • Food
        • Health
        • Relationship
        • Travel
      • Technology
        • Apps
        • Gadget
        • Mobile
        • Startup
      • Stories
        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

      No Result
      View All Result
      THE POST
      No Result
      View All Result
      Home News

      NDC proposed ‘Agyapa’ deal in 2011

      I’ll pay you in full if I win – Mahama to customers of collapsed banks
      Share on WhatappShare on FacebookShare on Twitter

      Amid the NDC’s opposition to government’s Agyapa Royalties deal, details have emerged of how the NDC proposed a similar deal to Parliament in 2011.

      Following the passage of the Minerals Income Investment Fund Act to manage the equity interest in mining companies and also receive royalties on behalf of Ghana, as well as the subsequent establishment of Agyapa Royalties to aid the objective of the Minerals Investment Fund as a special vehicle, the opposition NDC, led by its flagbearer, former President John Mahama and some Civil Society Organisations, have been waging a war against the arrangement to monetize Ghana’s mineral royalties through Agyapa Royalties.

      RelatedPosts

      IMF endorses ECG privatisation

      Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

      Dr. Bawumia condemns Ablekuma North violence, urges presidential action

      ADVERTISEMENT

      Startling documents have however emerged, showing how the NDC, under the presidency of the late John Evans Atta Mills, with John Dramani Mahama as Vice President, proposed the establishment of a company, Ghana Gold Company, whose objective was similar to the Agyapa Royalties deal, that is to manage Ghana’s gold royalties and also raise private capital for the government in advance against expected royalties.

      ADVERTISEMENT

      A memo on October 30, 2011, from a Ghana Gold Committee, established by the then NDC government, to the Parliamentary Select Committee on Finance and the Parliamentary Select Committee on Energy one Mines, asked the two committees to consider the proposal for the establishment of the company to manage Ghana’s equity interest in gold.

      Just like Agyapa Royalties is being used as a vehicle by the Ghana Minerals Investment Fund to use Ghana’s minerals royalties as collateral to raise private capital, the NDC similarly proposed to use Ghana Gold Company for Ghana’s gold royalties.

      “The Parliamentary Select Committee on Finance and Energy & Mines are being asked to consider the proposal to establish a national vehicle to manage and maximize the financial returns from the country’s interests and royalties from gold companies and mines,” said the 2011 memo to Parliament by the then NDC government.

      The memo continued: “currently Ghana has shares and carried interests in a number of mining companies that enable Government to receive significant cash flows from royalties and dividends. The current increase in gold prices, increased demand for gold exposure by investors, and the appreciation in the equity interests in the gold mining companies present a unique opportunity for the government to consider the monetization of all or portion of its gold interests to deliver a significant capital sum to support the nation’s growth and development.”

      The NDC government’s memo added: “beginning in the fiscal year 2011 therefore, Government will commence discussions in the establishment of a national vehicle, the Ghana Gold Company (GGC), which will hold the country’s gold royalties and equity interest. The GGC will be a newly incorporated company that will be 100percent owned by the Government and into which the Government will transfer its gold and equity interests. The benefits to Government of having such a company are several, including the following: delivery of significant capital sum to the Government raised from private markets.”

      Agyapa Royalties

      The Parliament of Ghana passed the Minerals Income Investment Fund Act in 2018 for the management of Ghana’s equity interest mining companies and also receive royalties on behalf of the Government of Ghana.

      The Minerals income Investment Fund, which is mandated to invest royalties and revenues it receives on behalf of the government, is also allowed by law to establish Special Purpose Vehicles (SPVs) to help realise its objectives. As a result, the Minerals Investment Fund established a wholly-owned Ghanaian company Agyapa Royalties Limited, which will trade 49% of its shares on Ghana Stock Exchange and the London Stock Exchange, with the Government of Ghana, through the Mineral Income Investment Fund, remaining as a majority shareholder.

      In simple terms, Agyapa Royalties is expected to raise fixed money from the private market for the government for development purposes, using Ghana’s commission on mineral royalties as a guarantee.

      As the majority shareholder of Agyapa Royalties, Government will also still have a majority stake in all future mineral royalties due shareholders of Agyapa royalties.

      Controversy

      Despite proposing similar deal in 2011, as revealed by the 2011 memo to Parliament by the then NDC government, the opposition NDC has vehemently opposed the Agyapa arrangement.

      The minority walked off during deliberations to approve the deal last month, but a new revelation about how they proposed a similar deal in 2011 would surely raise questions.

      Click here to read the document

      source: Ghana Web


      Related Posts

      Ex-Arsenal boss Wenger in ‘advanced talks’ with Milan to replace Gattuso
      Sports

      Wenger defends ‘fantastic’ Club World Cup

      July 11, 2025
      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list
      Food

      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

      July 11, 2025
      ‘You are going to enjoy me’ – Kudus tells Tottenham fans
      Sports

      ‘You are going to enjoy me’ – Kudus tells Tottenham fans

      July 11, 2025
      IMF endorses ECG privatisation
      Business

      IMF endorses ECG privatisation

      July 11, 2025
      Justice Blay: Meet Ghana Premier League star
      Sports

      Justice Blay apologizes for controversial comments on radio interview

      July 11, 2025
      Man sentenced to 15 years for cocaine possession, it was powdered milk
      General News

      Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

      July 11, 2025
      Load More
      Leave Comment
      Plugin Install : Popular Post Widget need JNews - View Counter to be installed

      Kotoko Vrs Liberty

      https://www.youtube.com/watch?v=FGqxzQUuBmc
      Currently Playing
      Currently Playing

      Meet the Asante woman who is the face of the Jamaican $500 note

      Meet the Asante woman who is the face of the Jamaican $500 note

      Meet the Asante woman who is the face of the Jamaican $500 note

      Home Page
      LIVESTREAMING: 20th Vodafone Ghana Music Awards

      LIVESTREAMING: 20th Vodafone Ghana Music Awards

      Home Page
      Traditional Priests angry with Rev Owusu Bempah

      Kweku Baako & Anas Aremeyaw Anas murdered Ahmed Suale – Owusu Bempah

      Politics
      Highlight: Kotoko beat Techiman Eleven Wonders 1-0

      Highlight: Kotoko beat Techiman Eleven Wonders 1-0

      Sports
      LilWin is no more my friend – Kwaku Manu

      LilWin is no more my friend – Kwaku Manu

      • Home
      • News
      • Entertainment
      • Sports
      • lifestyle
      • Technology
      • Stories
      Call us: +233 26130 5260 THEPOST

      © 2021 ThePostGhana - Designed by Rescoden Rescoden Ltd..

      No Result
      View All Result
      • Home
      • News
        • General News
        • Politics
        • World
        • Odd News
        • Science
      • Entertainment
        • Gaming
        • Movie
        • Music
      • Sports
      • lifestyle
        • Fashion
        • Food
        • Health
        • Relationship
        • Travel
      • Technology
        • Apps
        • Gadget
        • Mobile
        • Startup
      • Stories

      © 2021 ThePostGhana - Designed by Rescoden Rescoden Ltd..

      WP Radio
      WP Radio
      OFFLINE LIVE