The Executive Director of the Africa Center for Energy Policy (ACEP), Ben Boakye has provided reasons why President John Dramani Mahama should not disappoint on the Mineral Income Investment Fund (MIIF).

He explained that the MIIF was created to facilitate the Agyapa Royalty Investments-a concept masterminded by former Finance Minister Ken Ofori-Atta and his Deputy Charles Adu Boahen to sell Ghana's gold royalties on the London Stock Exchange.

At the time the MIIF Act was passed, he said, Parliament was unaware of the true intentions behind it-the Agyapa transaction.

However, the sponsors and their numerous allies, including lawyers and financial engineers, knew exactly what they were doing: valuing Ghana's royalties from the 48 most promising mining concessions at $1 billion and offloading 51% of that value on the stock market for around $500 million. "We wrote a paper to highlight the distinctiveness of state royalties, arguing that it was unconscionable to treat them like any royalty streaming business.