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SML’s minerals contract an attempt to reintroduce Agyapa deal – Bright Simons
Bright Simons, the Honorary Vice President of IMANI Africa, has expressed concern about a new contract that was set to be awarded to the controversial Strategic Mobilisation Ghana Ltd (SML).
He revealed that SML had signed a contract to receive 0.75 percent of every mineral Ghana would sell if the Fourth Estate hadn’t exposed their operations.
In an interview with Bernard Avle on Citi TV’s Point of View, Mr Simons argued that the new contract was essentially an attempt to reintroduce the Agyapa deal.
“Until the Fourth Estate intervened with its exposé, and IMANI joined, this matter would not have been at the stage it is currently in. We were going to give them an additional contract, and that contract would have required that for every barrel of oil we produce in this country, we must give them 0.75 percent, that’s almost a dollar, every barrel,” he said.
According to him, “Every mineral such as gold, diamond, manganese, that every time we sell, we must give them 0.75 percent. The pattern of analysis is not about performance. Our argument is that this is Agyapa suit and tie, this is basically an attempt to reintroduce Agyapa [deal]. After Agyapa failed, that is for the upstream.”
The Agyapa royalties deal, which aimed to securitise Ghana’s mineral resources for development and cost $12 million, was abandoned due to strong opposition.
Mr Simons added that between 2016 and 2022, SML was the largest recipient of money in the energy sector.
“SML was the biggest recipient of money in the entire energy sector from the energy taxes in 2016 to 2022. Per the amount distribution…the amounts of money we paid to key agencies like Volta River Authority, Electricity Company of Ghana, out of taxes per year, compared to the about two hundred something per year they are receiving is lower,” he said.
On January 2, President Akufo-Addo commissioned KPMG to audit the contract between the GRA and SML. Following the submission of its report, KPMG disclosed that SML had been paid a total of GH¢1,061,054,778.00 from 2018 to the present.
Background
The Fourth Estate released an investigative piece in December 2023 indicting SML, the GRA, and the Ministry of Finance.
Fourth Estate accused GRA of awarding SML a 10-year contract that accrues SML $100 million annually. It also raised concerns about alleged underhand dealings.
SML, after the report was released, debunked claims of being awarded a 10-year contract duration, insisting that it has been given a 5-year contract instead.
Source: Citinewsroom.com
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Prof Alidu Seidu files nomination for Tamale Central seat
The newly elected parliamentary candidate of the National Democratic Congress (NDC) for Tamale Central, Prof Alidu Seidu, has submitted his nomination forms to the Electoral Commission.
As of 10:00 a.m. today, he was the only person who had filed to contest the seat.
Nomination of candidates will close at the end of the day.
Associate Professor and Head of the Political Science Department at the University of Ghana Legon, Prof. Alidu Seidu won the National Democratic Congress (NDC) parliamentary primaries in the Tamale Central constituency with a landslide victory.
The elections, supervised by the party’s Elections and IT Directorate in the Northern Region, saw Prof. Seidu poll 840 votes out of the total valid ballots cast.
His closest contender, Lawyer Hanan Gundadow Abdul-Rahaman, secured 536 votes.
The other aspirants could not make significant gains, with Dr. Seidu Fiter obtaining 44 votes, Aliu Abdul-Hamid 23 votes, and the rest recording fewer than 10 votes each.
In all, 1,500 ballots were cast, with 6 ballots rejected and 7 spoilt ballots recorded.
The results were signed and declared by Dr. Arnold Mashud Abukari, NDC Northern Regional Director of Elections and IT.
The National Democratic Congress (NDC) held parliamentary primaries in Tamale Central to choose a candidate for the upcoming by-election following the death of the sitting Member of Parliament, Dr. Ibrahim Murtala Mohammed. Dr. Mohammed, who also served as Minister for Environment, Science, Technology and Innovation, tragically died in a military helicopter crash in the Adansi Akrofuom District on August 6, 2025, alongside seven others.
His passing left the Tamale Central seat vacant, as required by Ghana’s 1992 Constitution.
The Electoral Commission has scheduled the by-election for September 30, 2025. While the NDC moved quickly to open nominations and vet aspirants, the New Patriotic Party (NPP) announced it would not contest the seat, citing the need to respect the somber circumstances and promote national unity.
By: Jacob Aggrey
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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
