Edward Nana Yaw Koranteng has been relieved of his duties as the Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF), effective immediately.
The decision was communicated through an official letter signed by Callistus Mahama, Ph.D., Secretary to the President, on January 13, 2025.
The letter, addressed to Mr. Koranteng, indicated that the revocation was directed by President John Dramani Mahama.
Mr. Koranteng has been instructed to hand over his responsibilities to the President’s representative at the Ministry of Finance, Hon. Dr. Cassiel Ato Forson, who will oversee the operations of the Fund until a new CEO is appointed.
“The President extends his gratitude for your service to the nation,” the letter stated.
The Minerals Income and Investment Fund plays a critical role in managing Ghana’s mineral royalties and investment income. This leadership change is part of ongoing efforts to enhance the effectiveness of the Fund and its contributions to national development.
Copies of the letter were sent to key officials, including the Vice President, the Chief of Staff, and Dr. Ato Forson, to ensure a smooth transition in leadership.
Observers and stakeholders in the sector are keenly watching for the appointment of a substantive CEO, as the Fund’s operations are critical to leveraging Ghana’s mineral resources for economic growth.
