The Mines and Energy Committee in Parliament has issued a stern ultimatum to Edward Nana Yaw Koranteng, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), regarding the expenditure of $12 million related to the halted Agyapa royalties deal.

Mr. Koranteng has been given a seven-day deadline, expiring on February 27, 2024, to provide comprehensive documentation to the committee.

President Nana Addo Dankwa Akufo-Addo had previously suspended the Agyapa deal in response to public outcry in 2021. However, during a recent session of the Public Accounts Committee (PAC) on Tuesday, February 13, 2024, Mr. Koranteng revealed that $12 million had already been expended on the deal before its suspension. He clarified that these funds were utilized during the process of initiating the public offering on the London Stock Exchange.

This revelation has sparked public outrage, particularly from the National Democratic Congress (NDC), which has vehemently opposed the deal. The NDC has vowed to pursue legal action against government officials and other individuals implicated in the controversial deal if they secure victory in the upcoming December elections.

In a statement dated Tuesday, February 20, 2024, and signed by Senior Assistant Clerk/Schedule Officer Benjamin Tachie Antiedu, the Committee stressed that their request for further information is essential for guiding their decision-making process concerning the allegations surrounding the Agyapa royalties deal.

Parliament Issues Ultimatum for Details on Agyapa Royalties Deal Expenditure

The Mines and Energy Committee in Parliament has issued a stern ultimatum to Edward Nana Yaw Koranteng, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), regarding the expenditure of $12 million related to the halted Agyapa royalties deal.

Mr. Koranteng has been given a seven-day deadline, expiring on February 27, 2024, to provide comprehensive documentation to the committee.

President Nana Addo Dankwa Akufo-Addo had previously suspended the Agyapa deal in response to public outcry in 2021. However, during a recent session of the Public Accounts Committee (PAC) on Tuesday, February 13, 2024, Mr. Koranteng revealed that $12 million had already been expended on the deal before its suspension. He clarified that these funds were utilized during the process of initiating the public offering on the London Stock Exchange.

This revelation has sparked public outrage, particularly from the National Democratic Congress (NDC), which has vehemently opposed the deal. The NDC has vowed to pursue legal action against government officials and other individuals implicated in the controversial deal if they secure victory in the upcoming December elections.

In a statement dated Tuesday, February 20, 2024, and signed by Senior Assistant Clerk/Schedule Officer Benjamin Tachie Antiedu, the Committee stressed that their request for further information is essential for guiding their decision-making process concerning the allegations surrounding the Agyapa royalties deal.

Parliament Issues Ultimatum for Details on Agyapa Royalties Deal Expenditure

The Mines and Energy Committee in Parliament has issued a stern ultimatum to Edward Nana Yaw Koranteng, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), regarding the expenditure of $12 million related to the halted Agyapa royalties deal.

Mr. Koranteng has been given a seven-day deadline, expiring on February 27, 2024, to provide comprehensive documentation to the committee.

President Nana Addo Dankwa Akufo-Addo had previously suspended the Agyapa deal in response to public outcry in 2021. However, during a recent session of the Public Accounts Committee (PAC) on Tuesday, February 13, 2024, Mr. Koranteng revealed that $12 million had already been expended on the deal before its suspension. He clarified that these funds were utilized during the process of initiating the public offering on the London Stock Exchange.

This revelation has sparked public outrage, particularly from the National Democratic Congress (NDC), which has vehemently opposed the deal. The NDC has vowed to pursue legal action against government officials and other individuals implicated in the controversial deal if they secure victory in the upcoming December elections.

In a statement dated Tuesday, February 20, 2024, and signed by Senior Assistant Clerk/Schedule Officer Benjamin Tachie Antiedu, the Committee stressed that their request for further information is essential for guiding their decision-making process concerning the allegations surrounding the Agyapa royalties deal.

The Mines and Energy Committee in Parliament has issued a stern ultimatum to Edward Nana Yaw Koranteng, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), regarding the expenditure of $12 million related to the halted Agyapa royalties deal.

Mr. Koranteng has been given a seven-day deadline, expiring on February 27, 2024, to provide comprehensive documentation to the committee.

President Nana Addo Dankwa Akufo-Addo had previously suspended the Agyapa deal in response to public outcry in 2021. However, during a recent session of the Public Accounts Committee (PAC) on Tuesday, February 13, 2024, Mr. Koranteng revealed that $12 million had already been expended on the deal before its suspension. He clarified that these funds were utilized during the process of initiating the public offering on the London Stock Exchange.

This revelation has sparked public outrage, particularly from the National Democratic Congress (NDC), which has vehemently opposed the deal. The NDC has vowed to pursue legal action against government officials and other individuals implicated in the controversial deal if they secure victory in the upcoming December elections.

In a statement dated Tuesday, February 20, 2024, and signed by Senior Assistant Clerk/Schedule Officer Benjamin Tachie Antiedu, the Committee stressed that their request for further information is essential for guiding their decision-making process concerning the allegations surrounding the Agyapa royalties deal.