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"Solid Responses On PDS, Agyapa Saga But Can You Speak On The Airbus Scandal?" IMANI Ghana To Mahama

President of IMANI Ghana, Franklin Cudjoe challenged the Flagbearer of the largest opposition party, National Democratic Congress (NDC), John Dramani Mahama saying he should speak on the Airbus scandal which he has been alleged to be 'Government Official 1'.

According to Mr. Cudjoe, he is impressed with Candidate Mahama's submissions on the PDS and Agyapa Royalties saga adding, his response on the issues were solid and on point.

The President of IMANI Ghana took to his Twitter handle and tweeted “JM on PDS and Agyapa. Solid responses and resolve to review them. Shall we hear from him on the Airbus and whether he knows who Government Official 1 is? Anaaa?"

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The tweet has however received mixed reactions from critics, followers and some scores of Twitter Users.

It will be recalled that Candidate Mahama in an interview with an Accra-based television station mentioned that the Agyapa Royalties deal smacks of corruption and does not serve the interest of Ghanaians.

He urged Ghanaians not to accept the deal and probe for more answers on the ‘shady’ deal.

Mr. Mahama said “Agyapa is a very shady deal”, asserting: “It is a theft of Ghanaian royalties. If I become president, I will not accept that deal. It is against the money laundering rules. If you look at the people who put this together, they are people close to the president and already they have been paid two million dollars,”

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Background Parliament passed the deal two weeks ago by approving five agreements to allow the country to derive maximum value from its mineral resources and monetize its mineral income accruing to the country in a sustainable and responsible manner, in line the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978).

The approval will enable the country to use a special purpose vehicle, Agyapa Royalties Limited, to secure about $1 billion to finance large infrastructural projects.

In line with that, Agyapa, which will operate as an independent private sector entity, will be able to raise funds from the capital market, both locally and internationally, as an alternative to the conventional debt capital market transactions.

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The funds, which are expected to be raised from the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE), will be long-term capital, without a corresponding increase in Ghana’s total debt stock and hence without a public debt repayment obligation.

Story by: Joshua Kwabena Smith