"Agyapa Deal Through An Appropriate Process Could Reduce Ghana's Debt Exposure" - Finance Minister
The Minister for Finance, Ken Ofori-Atta is calling for a second look into the much-talked about Agyapa Royalties Agreement.
According to him, should the deal go through an appropriate process, it could help reduce Ghana's debt problems.
Addressing Journalists in Accra, the Minister said "My mind is still on Agyapa Deal. The deal would reduce the country’s debt problems should it go through an appropriate"
The Finance Minister further said "The Agyapa Deal is not about whether the monetisation 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,” he said.
Mr. Ofori-Atta called for a collective effort at deal with the deal saying its success will be a win for Ghana.
“My mind is still there. I know the President has mentioned something about that,”
Mr. Ken Ofori-Atta made these submissions while giving a detailed lineup of an upcoming African Development Bank 2022 Annual General Meeting scheduled for Thursday.
Story by: Joshua Kwabena Smith