Focus on the valuation not corruption angle – Imani to SP

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Franklin Cudjoe, President of IMANI Ghana, has suggested that the Special Prosecutor, Martin Amidu be more focused on the assessment of the controversial Agyapa royalties deal, instead of looking solely at the corruption aspect.

According to him, Civil Society Organisations (CSOs) have, on several occasions, proven the real value of the royalties, pegging it between $2.5 billion to $3.5 billion.

Taking to his Facebook page to make his submission on the topic, Franklin Cudjoe said “I sincerely hope the Special Prosecutor is focused on the valuation of AGYAPA royalties. That is the most important issue, not the ‘corruption’ angle he seems to be interested in because frankly, he could simply pass the deal should documents he claims he hasn’t had, be handed to him. He must speak to the technical matter of valuation. CSOs have demonstrated enormous technical competence to show that the real value of the royalties for the assets under consideration is between $2.5bn to $3.5bn not the proposed and contracted $1bn by the finance ministry. I am watching the SP paaaa…He can reach out”.

His comments come after the Finance Ministry announced on Monday, October 5, 2020, the suspension of the launch of the Initial Public Offering (IPO) of the Agyapa Royalties deal.

In a letter signed by the Deputy Finance Minister, Charles Adu-Boahen and addressed to the Office of the Special Prosecutor, it noted that the decision was resultant of a pending completion of a corruption risk assessment by the Office of the Special Prosecutor.