Edward Nana Yaw Koranteng, the CEO of the Minerals Income Investment Fund (MIIF), has been issued a seven-day ultimatum by the Mines and Energy Committee in Parliament to furnish the Committee with further information on the $12 million that was expended on the disastrous Agyapa royalties agreement.
He has until February 27, 2024, to provide the materials to the committee.
After a public uproar in 2021, President Nana Addo Dankwa Akufo-Addo issued a decree suspending the Agyapa agreement.
In Tuesday, February 13, 2024, Mr. Koranteng revealed during a Public Accounts Committee (PAC) Sitting that $12 million had been spent on the now-stalled Agyapa royalties agreement.
He explained that the amount was expended on the process of issuing the initial public offering on the London Stock Exchange before the suspension.
This has sparked public outrage, including the National Democratic Congress (NDC), vowing to prosecute government officials and persons involved in the controversial deal if it emerges victorious in the December polls.
The Committee, in a statement signed by Senior Assistant Clerk/Schedule Officer, Benjamin Tachie Antiedu, dated Tuesday, February 20, 2024, explained that “The purpose of the request is to guide the select committee on the appropriate steps to take in respect of the allegation.”
