The Minerals Income Investment Fund (MIIF) has disclosed plans to list 49% of Agyapa Royalties on the London Stock Exchange and the Ghana Stock Exchange.
As indicated by the Chief Executive Officer of MIIF, Edward Nana Yaw Koranteng, the listing will raise between $450 million and $700 million which will be aimed at putting resources into infrastructure and other social amenities, particularly in the mining communities .
He further said: “Agyapa, by being consolidated in the UK and listed on the London Stock Exchange, gives the chance to use on its balance sheet to raise less expensive financing and with [fewer] obstacles to additionally put resources into different royalties companies and driving gold mining companies across the globe.
“This is a chance for Ghana to start to lead and the world is watching.”
He explained: “I’m certain that, considering current international relations, current worldwide financial recessionary patterns and interest for gold and values of gold royalty companies , Agyapa’s market value after listening will doubtlessly shoot up.”
By listing on the London Stock Exchange, he expressed that that will assist Agyapa Royalties with accomplishing the most significant levels of straightforwardness and controls expected for any listing on the planet.
“The listing on the Ghana Stock Exchange will give a more greater number of Ghanaians the opportunity to partake in the responsibility for own mineral resources ,” he added.
Anything that incomes are accrued from the listing of Agyapa come straightforwardly to the Minerals Income Investment Fund. We are prepared to connect all partners on how we move the Agyapa listing forward subsequent to answering all issues raised by Parliament,” Koranteng said.
Despite the MIIF supervisor didn’t give a distinct course of events, it seems the expected posting for Agyapa on the London Stock Exchange will be towards the final quarter of 2022.
He was addressing Forbes Monaco after MIIF had been named the best monetary foundation in the mining sector by the French-based publication.
Forbes perceived MIIF’s essential acquisition of over 14 million offers and a generally 4.65% stake in Asante Gold Corporation, a Canadian-and Frankfurt-listed gold production company which works in Ghana.
The Forbes Monaco award is given to financial institutions which focus explicitly on giving financial platforms and funding solutions for the mining sector .