Executive Secretary for think tank Alliance for Social Equity and Public Accountability (ASEPA) has heavily criticised the Akufo-Addo government over the controversial Agyapa Royalties deal.
Mensah Thompson who was speaking on Dwaboase on Power FM Thursday noted that the deal, which is expected to use a Special Purpose Vehicle (SPV), Agyapa Royalties Limited, to secure about $1 billion to finance large infrastructural projects, was not transparent enough.
He said the shareholders in the deal are either persons who are closer to President Akufo-Addo or their friends.
“This deal is a will President Akufo-Addo is leaving behind for his family and friends. This means when he dies, the proceeds of the deal will go to his relatives and their friends. This is what I get from analysing the agreement,” Thompson told host Kwame Minkah.
The assertive researcher said the terms of the deal prohibits a review of its shares should a new government takes over, describing it as theivery.
“Look, not even the Supreme Court can rule to negotiate the deal. And we are talking about our own resources at the centre of this. It is terrible,” Thompson bemoaned.
This comes after spirited agitation from the Minority in Parliament and some civil society organizations (CSOs) who have described the deal as fraudulent and ‘elite capture’.
The alliance of Civil Society Organisations (CSOs) working on extractives, anti-corruption and good governance has asked the government to suspend the deal.
The CSOs said a consultative process that reflected the views of the people in such an important decision should have been considered.
The CSOs include the Africa Centre for Energy Policy (ACEP), the Centre for Extractives and Development Africa (CEDA), the Integrated Social Development Centre (ISODEC), CSOs Open Licensing Monitoring Group, the Citizen’s Movement Against Corruption (CMAC), the Civil Society Platform on Oil and Gas (CSPOG), Penplusbyte and Oil Watch Ghana.
The rest are the Institute of Democratic Governance (IDEG), the Centre for Democratic Development (CDD), the Natural Resources Governance Institute (NRGI), Publish What You Pay (PWYP), the Centre for Public Interest Law (CEPIL), IMANI Ghana and Women Aspire. But government has taken a jibe at the opposition National Democratic Congress (NDC) MPs for kicking against the agreement between government and Agyapa Royalties Limited.