Information reaching norvanreports indicate, the scheduled launching of the Initial Public Offering (IPO) of Agyapa Royalties on the London and Ghana Stock Exchanges has been suspended.
The suspension of the IPO launch is contained in a letter signed by the Deputy Finance Minister, Charles Adu Boahene and addressed to the Office of the Special Prosecutor (OSP).
The decision to suspend the IPO launch by the Finance Ministry, is in accordance to a request by the Special Prosecutor, Martin Amidu, to conduct corruption-risk assessment of the Agyapa Royalties deal.
The Special Prosecutor, Mr Martin Amidu, wrote to the Ministry of Finance a few weeks ago, instructing the Ministry to hold on with the launch of the IPO until his office had been provided with all the relevant documents and information needed to complete his corruption risk assessment of the agreement.
Mr Amidu, in the letter to the ministry, said there were some outstanding documents which had not been provided to him by the Finance Ministry concerning the IPO, even though some other documents had been made available to him upon request.
The Agyapa Royalties deal, meant to monetise Ghana’s gold royalties, has attracted a lot of controversy since it was passed by Parliament.
Several Civil Society Organizations (CSO) in the country have called for a national discourse on the deal to ascertain whether the deal is to the benefit of the Ghanaian populace or not, as most CSOs and particularly the Minority Caucus in Parliament believe the country will be shortchanged in the deal.
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