What authority have you to speak for government? - Adongo asks Gabby

Member of Parliament for Bolgatanga Central, Isaac Adongo has questioned the authority of 'leading' member of the NPP, Gabby Asare Otchere-Darko, to be speaking on the Government's behalf'.

in the MP's view, Mr Otchere-Darko is in no capacity to be the mouthpiece of the government

“I feel very disappointed, honestly I feel insulted. I was not told that I will be listening to somebody who has no pedigree in government, who has no role in government at all, who has no right to speak on behalf of the government. We have 135 ministers and this is the person I’m listening to. And he is here, he is unable to answer specific questions, only to be using the word, they...”

GABBY OTCHERE-DARKO

Mr Adongo who was a discussant, with Mr Gabby on Metro TV's Good Evening Ghana on Tuesday, threatened to leave because he felt his opponent (Mr Gabby) views were ignorantly put, in regards to the Agyapa Royalties deal.
 

“But for your respect and the respect of your audience, otherwise I would have left long ago. Besides, it’s a big risk to be in this studio till twelve midnight and for me to sit here and listen to somebody deliver ignorant understanding on the financial management of our country, and try so hard to protect his personal interest at the expense of the state, feels very insulting,” 

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Full text: Minority’s statement on establishment of Agyapa Royalties deal

The  NDC had earlier demanded an independent probe into the arrangement between the government and a Special Purpose Vehicle (SPV) company, Agyapa Royalties Limited.

Minority leader in Ghana’s Parliament Haruna Iddrisu called for the independent assessment of the valuations of royalty rights in the Agyapa Royalties deal.

He was of the view that Ghana’s assets had been “grossly undervalued” in the agreement.

According to the Tamale South legislator, at a press conference on September 1, 2020, a future NDC government will not honour the terms of the Agyapa deal, if the doubts and issues surrounding the agreement are not cleared.

Background

Parliament of Ghana on Friday, August 14, 2020, approved five agreements that allow the country to derive maximum value from its mineral resources and monetize its mineral income sustainably and responsibly, in line with the Minerals Income Investment Fund (MIIF) Act of 2018 (Act 978).

The act enables the country to use Agyapa Royalties Limited, a Special Purpose Vehicle, as a conduit for securing 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.

The funds are expected to be raised from the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE).