Influential New Patriotic Party (NPP) member and cousin of President Akufo-Addo, Gabby Asare Otchere-Darko has rubbished the linkage of Asaase Royalties to his part ownership of Asaase Radio.
Asaase Royalties whose name was changed to Agyapa Royalties generating series of controversies in the country is expected to manage the minerals royalties of the country.
This has sparked debate with the minority accusing the government for monetizing the country’s minerals to ‘family and friends’ drawing in the private legal practitioner.
But Mr. Otchere-Darko said “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company.”
“But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well?, he questioned.
He further intimated “stretching that illogic should also make me a shareholder in AsaaseGPS, Asaase Farms, Asaase Construction and the over 20 companies bearing the name Asaase!”
He however said that the name change of Asaase Royalties to Agyapa Royalties was a good move.
“The name change of Asaase Royalties, in my view, was a good move, and not because of Asaase Radio, per se, but because of the number of companies with similar names in the mining sector specifically and the confusion or potential passing off that could have caused.”