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Special Prosecutor Martin Amidu completed the Corruption Risk Assessment conducted on the government’s transaction with Agyapa Minerals Royalties Limited.
According to his Office, the process concluded on October 15 and on October 16 the conclusions of the process were sent to the Ministry of the Presidency and Finance.
In August this year, the PASB, as part of its mandate, requested the Ministry of Finance for documents related to the Special Purpose Vehicle (SPV) that help the country obtain around $ 1 billion to finance infrastructure projects.
This followed criticism from civil society organizations about the red flags in the transaction.
The Minority in Parliament has described the deal as one shrouded in secrecy, adding that its nature had a propensity to breed corruption, a position the government has vehemently rejected.
Dr. Steve Manteaw, president of the Civil Society Platform on Oil and Gas, demanded that the Special Prosecutor investigate allegations of nepotism in the investigations into the Agyapa royalty agreement.
His comment follows the Finance Ministry’s suspension of the planned launch of the Initial Public Offering (IPO) amid Martin Amidu’s ongoing corruption risk assessment of the transaction.
In a press release on Monday, Martin Amidu said: “Two weeks is more than too long for this office to continue withholding the announcement of the completion of its 64-page report to the public.”
“It is important that this office be free to fulfill its anti-corruption mandate and keep and keep the public informed,” read the statement signed by Mr. Amidu.
The agreement said to be in line with the Minerals Income Investment Fund (MIIF) Act, 2018 (Law 978), was approved without the support of the Minority in Parliament.
Meanwhile, an Initial Public Offering (IPO) that was suspended remains on hold prior to the release of the OSP’s corruption risk analysis findings aimed at identifying potential weaknesses that may present opportunities for corruption to occur in the deal.
