NDC Will Oppose Agyapa Deal Vigorously – Mahama

Former President John Mahama says the NDC will vigorously oppose the Agyapa deal if government reintroduces it.

“The National Democratic Congress (NDC) will oppose it vigorously,” he said in a Facebook post on Sunday.

He stressed: “As I emphasised in my Presentation on Ghana at a crossroads “Government must clarify reports which are rife in the investment community that it intends to use the Heritage Fund as collateral to raise a US$2 billion loan from a consortium of banks. We wish to serve notice that if this turns out to be true, we in the NDC will oppose it vigorously in the same way that we oppose the Agyapa deal.”

Mr Mahama further noted: “We cannot support the collateralization of every single source of future revenue just to finance today’s consumption”.

The comment comes on the back of recent remarks by Finance Minister Ken Ofori-Atta that government is still considering the move.

Sources say the Minerals Income Investment Fund (MIIF) is redesigning its strategy for listing the Agyapa Royalties on the London Stock Exchange and the Ghana Stock Exchange.