The Mines and Energy Committee in Parliament has directed Edward Nana Yaw Koranteng, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), to provide additional details on the $12 million spent on the suspended Agyapa royalties deal, effective February 27, 2024.
Mr. Koranteng made this disclosure during a Public Accounts Committee (PAC) Sitting on Tuesday, February 13, where he clarified that the $12 million was utilized in the process of issuing the initial public offering on the London Stock Exchange before the deal was suspended.
The revelation has triggered a public outcry, with the National Democratic Congress (NDC) pledging to prosecute government officials and individuals involved in the controversial deal if successful in the December polls.
In response to the concerns, the Committee issued a statement, dated Tuesday, February 20, 2024, and signed by the Schedule Officer, Benjamin Tachie Antiedu, demanding MIIF to provide the Committee with comprehensive information regarding the alleged $12 million expenditure on the suspended Agyapa royalties deal.
The Committee asserts that this information is necessary for them to take appropriate measures in response to the allegations.
Find the full statement below
The post Mines and Energy Committee demands details on $12m expenditure in suspended Agyapa deal appeared first on Citinewsroom - Comprehensive News in Ghana.
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