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President John Dramani Mahama has dismissed Edward Nana Yaw Koranteng from his role as Chief Executive Officer of the Minerals Income and Investment Fund (MIIF).
The announcement was made in a letter dated January 13, 2025, issued by Dr. Callistus Mahama, Secretary to the President. The letter directed Mr. Koranteng to immediately hand over his responsibilities to Finance Minister-designate Dr. Cassiel Ato Forson, overseeing the fund’s operations until a new CEO is appointed.
“I write to formally inform you that H.E. John Dramani Mahama has revoked your appointment as the Chief Executive Officer of the Minerals Income and Investment Fund, effective immediately,” the letter stated.
“The President extends his gratitude for your service to the nation,” it concluded.
The MIIF, established under the Minerals Income Investment Fund Act 978 (as amended), is tasked with maximizing the value of royalties and dividends accruing to Ghana, ensuring accountability and sustainability. It also seeks to monetize the country’s mineral wealth to create long-term value.
The fund owns Agyapa Royalties Company, Africa’s only state-owned gold royalties entity.
Source:NKONKONSA.com
