• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Inadequate Consultation Responsible for Lack of Public support on Agyapa Royalties Deal- Alliance of CSO’s to Government

M.Cby M.C
August 25, 2020
Reading Time: 3 mins read
M.Cby M.C
in Uncategorized
0
Inadequate Consultation Responsible for Lack of Public support on Agyapa Royalties Deal- Alliance of CSO’s to Government

Dr. Steve Manteaw, Chairman of PIAC

The Alliance of CSO’s have said that the lack of, or inadequate consultations by the government on the bill passed to leverage Ghana’s present and future minerals royalties through the Special Purpose Vehicle (SPV), Agyapa Royalties, is responsible for the lack of public support for its implementation.

“While the intention of government may be genuine, and aimed at optimizing the benefits of gold royalties to the state, we are of firm conviction that the lack of, or inadequate consultations on the bill that eventually passed into the Minerals Income Investment Fund (MIIF) Act, (2018), Act 978, with its 2020 amendments, is responsible for the lack of public support for its implementation.”

In a news conference held in Accra, 25th August 2020, Chairman of the Public Interest and Accountability Committee, Dr Steve Manteaw, reading a statement on behalf of the members of the Alliance of CSO’s said that, the opaque manner of the implementation of the Act amongst others do not engender public trust around matters of public policy.

 “The opaque manner in which the Act is being implemented: the relatively weaker transparency and public oversight arrangements, and the haste with which the government is running to the market, in spite of concerns being raised by a broad spectrum of the Ghanaian populace, do not engender public trust around matters of public policy. This approach rather raises moral and governance questions.”

The association then went on to say that, Ghana may suffer undesirable consequence if the government proceeds to the market amidst the public outcry.

RelatedPosts

Fmr Peace Council Chair Demands End to Excessive Politicization

ORAL Prosecutions: Allow AG To Hasten Slowly – Yendi MP

Davido Officially Joins Grammy Academy

“We are deeply worried that if government proceeded to the market amidst the public outcry, and threats of future policy reversal from major opposition party, Ghana may suffer the undesirable consequence of a rather high premium, as investors may be sensitive to political risks associated with such investment.

“It is also worth noting that the current financial difficulties of the country, imposed by COVID-19, and are pending elections, present lethal disadvantage for Ghana on the London Stock Exchange; as a desperate country looking for resources to invest.”

The association further went on to acknowledge the fact that attempts are being made to engage the public by the MIIF to provide answers to some questions Ghanaians have on Agyapa Royalties but however, said government’s action is drifting away from its promises in its 2016 manifesto, which promise to ensure mineral revenues are efficiently managed for the benefit of Ghanaians.

“We take this opportunity to also draw the attention of the government to its own 2016 manifesto commitment in respect of mineral sector, Ref. Page 27, Natural Resource- Land, Forestry and Mining, paragraph (f), where the NPP pledged to: ‘Ensure that mineral revenues are efficiently managed for the benefit of Ghanaians, and to enact a consolidated Mineral Revenue Management Law, similar to the Petroleum Revenue Management Act 2011 (Acts 815) to guide the use of mineral revenues in the strategic sectors of our economy’.

“We however, regret to note that we are being served, and against which we are holding this press conference, is a far cry from what was promised.”

They then urged the government to be transparent with the proceeds of the deal and its implementation.  

ADVERTISEMENT
Tags: Agyapa Royalty LimitedMIIF ActMining lawStock Markets
Please login to join discussion
Previous Post

Cedi depreciates by 8.7 percent on average defeating the previous years’ 18 percent average threshold – Bawumia suggests

Next Post

Chinese Trawler Re-licensed Though Arrested Twice For Illegal Activities

Subscription Form

Related Posts

Fmr Peace Council Chair Demands End to Excessive Politicization
Uncategorized

Fmr Peace Council Chair Demands End to Excessive Politicization

October 17, 2025
ORAL Prosecutions: Allow AG To Hasten Slowly – Yendi MP
Uncategorized

ORAL Prosecutions: Allow AG To Hasten Slowly – Yendi MP

October 14, 2025
Davido’s ‘With You’ Sparks Sample Debate Among Afrobeats Fans
Uncategorized

Davido Officially Joins Grammy Academy

September 23, 2025
Poland’s Nawrocki To Meet Trump
Uncategorized

Poland’s Nawrocki To Meet Trump

September 8, 2025
Criticism Heaped On Israel For Al-Mawasi Attack
Asia

Criticism Heaped On Israel For Al-Mawasi Attack

September 10, 2024
EC Criticised over Failure to Release Provisional Voter Register
Uncategorized

EC Criticised over Failure to Release Provisional Voter Register

August 16, 2024
Galamsey: NAIMOS Strikes, Arrests Armed Imposters
Extractives/Energy

Galamsey: NAIMOS Strikes, Arrests Armed Imposters

by Bless Banir YarayeOctober 24, 2025
BoG Introduces Smart Supervision Tools for Banks and Fintechs
Banking

BoG Introduces Smart Supervision Tools for Banks and Fintechs

by M.COctober 24, 2025
Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson
General News

Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson

by Emmanuel Tibila BoasahOctober 24, 2025
GPRTU Leads Protest Against Encroachment on CMB Lorry Station
General News

GPRTU Members Reject Interim Administration Directive

by Silas Kafui AssemOctober 24, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

by Prince AgyapongOctober 24, 2025
Japanese Prime Minister Sanae Takaichi.
Asia

Takaichi Expresses Japan’s Need For Foreign Workers “Who Follow The Rules”

by Comfort AmpomaaOctober 24, 2025
Galamsey: NAIMOS Strikes, Arrests Armed Imposters
BoG Introduces Smart Supervision Tools for Banks and Fintechs
Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson
GPRTU Leads Protest Against Encroachment on CMB Lorry Station
Mining consultant Ing. Wisdom Edem Gomashie
Japanese Prime Minister Sanae Takaichi.

Recent News

Galamsey: NAIMOS Strikes, Arrests Armed Imposters

Galamsey: NAIMOS Strikes, Arrests Armed Imposters

October 24, 2025
BoG Introduces Smart Supervision Tools for Banks and Fintechs

BoG Introduces Smart Supervision Tools for Banks and Fintechs

October 24, 2025
Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson

Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson

October 24, 2025
GPRTU Leads Protest Against Encroachment on CMB Lorry Station

GPRTU Members Reject Interim Administration Directive

October 24, 2025
Mining consultant Ing. Wisdom Edem Gomashie

Expert Warns Against “Dangerous Precedent” Over Revocation of Mining Licenses 

October 24, 2025
Japanese Prime Minister Sanae Takaichi.

Takaichi Expresses Japan’s Need For Foreign Workers “Who Follow The Rules”

October 24, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address
Go to mobile version