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Agyapa deal: We’ve had very little pay from prosecutions in corruption fight – H.K Prempeh

Executive Director of the Centre for Democratic Development (CDD) Ghana says it’s about time the country explores other anti-corruption procedures as investments in prosecutions and prosecutorial bodies have not really paid off.

Professor Henry Kwasi Prempeh said Ghana’s over dependence on prosecutorial processes as a means of fighting corruption have not been satisfactory and thus has called for a review to include other anti-corruption procedures as well.

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Special Prosecutor resignation furore at a glance

This country set up the Office of the Special Prosecutor (OSP) with the hope that it can deal with grand corruption of politically exposed persons; and, for a long time we waited for the OSP to bite. Therefore, it was refreshing when Mr Amidu released the report of an analysis of the risk of corruption in the Agyapa Minerals Royalties transaction. 

It was instructive because it was the first time that an independent anti-corruption agency established by any government in Ghana had undertaken an analysis of the risk of corruption and anti-corruption risk assessment of the processes leading up to the approval by parliament of public agreements as part of its statutory mandate.

Alas! The celebration lasted for only two weeks. On Monday, 16th November 2020, Mr Martin A.B.K. Amidu resigned from his post as Special Prosecutor. On Tuesday, President Akufo-Addo, through Chief of Staff Hon. Akosua Frema Osei-Opare, wrote back to Mr Amidu to accept his resignation. 

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Agyapa deal: Focus on the valuation not corruption angle – Franklin Cudjoe to Special Prosecutor

President of IMANI Ghana, Franklin Cudjoe 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.

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Agyapa Deal Still Has Unanswered Questions; Suspend It For More Discussions – 22 CSOs

The alliance of Civil Society Organisations (CSOs) working in the extractive, anti-corruption and good governance areas have reiterated the call for the government to suspend the Agyapa Mineral Royalty deal for a further national conversation on it.
According to the CSOs, there are still “important questions that require a national conversation to be addressed.”

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