President John Dramani Mahama has revoked the appointment of Edward Koranteng as CEO of the Minerals Income Investment Fund (MIIF).

The revocation of Yaw Koranteng’s appointment was contained in a letter issued by the Secretary to the President, Dr. Callistus Mahama and dated January 13, 2025.

Finance Minister-designate Dr. Cassiel Ato Forson has been tasked with overseeing the fund 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.

“You are directed to hand over your duties to the President's representative at the Ministry of Finance. Hon. Dr Ato Forson will oversee the operations of the Fund until a substantive Chief Executive Officer is appointed,” parts of the letter read.

“The President extends his gratitude for your service to the nation,” the letter concludes.

The Minerals Income Investment Fund (MIIF) is a sovereign minerals fund established under the Minerals Income Investment Fund Act, 978 (as amended).

Its mandate is to maximize the value of dividends and royalties accruing to the Republic of Ghana in a beneficial, accountable, and sustainable manner while monetizing Ghana’s mineral wealth to create long-term value for the nation.

The fund also owns 100 percent of Agyapa Royalties Company, Africa’s only state-owned gold royalties company.

See the letter below:



MA

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