A leading member of the New Patriotic Party (NPP), Lawyer and cousin to the president, Gabby Asare Otchere-Darko has expressed delight in the role of his firm in the Agyapa Royalties deal.
“My firm has had the opportunity to work on this transaction,” he confirmed as he touted the arrangement as a “destiny changing” move for Ghana.
Mr Otchere-Darko’s firm was part of the transaction advisors for the agreement which received a green light from the government with the Initial Public Offer (IPO) slated by the end of the year.
He compared the fortunes of Johannesburg, South Africa’s mining heart beat to that of Obuasi, the citadel of gold mining in Ghana, and insisted that the failed vision for mineral resources shortchanged the country’s growth.
He indicated that President Akufo-Addo is overseeing an industrialisation drive, hence such initiatives to maximise the returns on Ghana’s resources.
He pointed out that Mr Akufo-Addo has been able to elevate the value of Ghana’s gains from cocoa after an arrangement with La Cote D’Ivoire with Ghana now processing 40% of cocoa compared to 27% initially.
In the deal, Agyapa Royalties Ltd is will manage 75.6% of royalties of at least 12 gold mining companies and an additional four more that is expected to become operational, such as in Obuasi and the Namdini mine near Bolgatanga.
Source: GhanaFeed.com
