Categories

October 1, 2020

My News on Point

Daily News Update From Top News Blog Around The World | Your News on The Go

[Video] Agyapa deal could’ve succeeded without ‘family & friends’ – Dr. Spio-Gabrah – 3NEWS

2 min read

Former Minister for Trade & Industry and once presidential hopeful, Ekwow Spio-Garbrah, has said the controversial Agyapa deal is facing a backlash largely because of poor communication on the part of the Akufo-Addo-led government.

The former Communications minister noted the manner in which citizens were informed of the government’s moves to mortgage the country’s mineral resources in what it describes as a smart investment, was not the best.

He argued it could have been better.

“They didn’t explain it well to Ghanaians”, he said.

He explained that any time the people resist an initiative by the government as seen in the case of Agyapa, it is often due to failure in communication.

Mr. Spio-Gabrah says it can tell from a communicators point of view if someone fails in that regard.

He it would have been possible to see the Agyapa deal through without involving people deemed to family and friends of government appointees.

“People also thought that because there were certain individuals associated with it who need not to have been associated with it… you could still get a good Agyapa project without any family and friends being seen as a part of it”, he said.

Ghana’s legislature approved the controversial Agyapa Mineral Royalty Limited agreement Friday, August 14 despite a protest from the Minority.

Based on the agreement, Agyapa Royalties Limited (ARL) will trade shares on the Ghana Stock Exchange and the London Stock Exchange for private people to buy. But the Mineral Income Investment Fund(MIIF) will remain the majority shareholder.

The Minority said the deal makes it impossible for a future government to replace managers of Agyapa Royalties Limited although the Minerals Income Investment Fund will remain the majority shareholder.

Some civil society organization groups have also raised questions about the transparency of the deal, demand its immediate suspension for further stakeholder engagement.

The full interview airs at 9:30 pm on TV3.

By P.D Wedam|3news.com|Ghana




Source link

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us
  • Contribute to MyNewsonPoint - Register to become an author to contribute with your knowledge.
  • Send breaking news, releases, photos or videos of happenings around the world Us via
Live Updates COVID-19 CASES
  • World 34,356,338
    World
    Confirmed: 34,356,338
    Active: 7,786,355
    Recovered: 25,548,507
    Death: 1,021,476
  • USA 7,471,839
    USA
    Confirmed: 7,471,839
    Active: 2,543,512
    Recovered: 4,716,143
    Death: 212,184
  • UK 460,178
    UK
    Confirmed: 460,178
    Active: 417,976
    Recovered: ?
    Death: 42,202
  • Italy 317,409
    Italy
    Confirmed: 317,409
    Active: 52,647
    Recovered: 228,844
    Death: 35,918
  • Nigeria 58,848
    Nigeria
    Confirmed: 58,848
    Active: 7,378
    Recovered: 50,358
    Death: 1,112
  • Ghana 46,656
    Ghana
    Confirmed: 46,656
    Active: 413
    Recovered: 45,942
    Death: 301