Member of the Majority and MP for Sekondi Andrew Egyapa Mercer has defended government after it has emerged that they have expended two million dollars on the controversial Agyapa Royalties deal.
Andrew Egyapa Mercer said transactional advisers and other firms were paid to work on the deal.
The Agyapa Royalties deal has become a public debate between the ruling NPP and others including the NDC and CSOs.
The CSOs argue that the deal in its current state is of no good to Ghanaians.
Defending the disbursement, Andrew Egyapa Mercer stated that the money spent so far from the public purse is no different from monies spent prior to the issuance of Eurobonds.
“Transactional advisers that have been engaged including lawyers, accountants, audit firms have been paid 2 million dollars. Why is it not justified? we raised Eurobonds, we go on roadshows prior to the bond being issued it costs money.”
The Minority in Parliament has also served notice they will write to the Financial Conduct Authority and the London Stock Exchange over the controversial Agyapa Royalties deal.
According to the Minority, the prospectus that highlight the viability of the deal has been withheld from parliament
Ranking Member of the Finance Committee Cassiel Ato Forson said, “What we are going to do is not petition, it is indeed a letter notifying the Financial Conduct Authority and the London Stock Exchange that we the Minority has a major reservation on this agreement and we will be listing the all reservation that we had including the fact that we do not believe that this has the required…”
The Minority is also demanding more information from the controversial Agyapa Royalties agreement
