GENERAL NEWS

Togbe Afede denies consulting for planned Royalties Company under NDC

SAS Finance Group has denied claims that founder of the company Togbe Afede XIV was contracted by the erstwhile NDC government as transaction advisors for the establishment of a Minerals Royalties Company.

Reports are rife on Social media that SAS Finance Group was contracted for the job under the NDC when they considered forming the company to manage royalties from Ghana’s minerals.

It came on the back of the traditional leader’s criticism of the controversial Agyapa Royalties being advanced by the Akufo-Addo government.

In a statement, SAS Finance group said: “Our attention has been drawn to images circulating across social media platforms purporting to suggest that SAS Finance Group was advisor to Government of Ghana between 2011 and 2012 on the establishment of a Minerals Royalty Company.

“We wish to state that SAS was invited to a consultative meeting in 2011 on the establishment of 100% state-owned entity to hold Ghana’s gold assets, including its 10% carried interest in gold mining companies, and to receive royalties due to the state”.

The statement stressed: “Togbe Afede XIV, CEO of the SAS Finance Group, attended this meeting, like many other similar meetings at various ministries and under different governments. SAS was never given a mandate to act as transaction advisor, neither was the firm or Togbe paid for attending this meeting”.

 

Source: Ghana/Starrfm.com.gh

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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