President John Dramani Mahama has revoked the appointment of Edward Nana Yaw Koranteng as Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF), with immediate effect. This decision was formalized in an official statement dated January 13, 2025, signed by the Secretary to the President, Callistus Mahama, and marks a significant shift in leadership for the institution.
The statement outlined that Mr. Koranteng is required to hand over his duties and responsibilities to the President’s representative at the Ministry of Finance, Hon. Dr. Cassiel Ato Baah Forson. Dr. Forson, the Finance Minister-designate, will oversee the operations of the MIIF until a permanent CEO is appointed. The transition is set to ensure continued effective leadership of the Fund while a new CEO is selected.
In his statement, President Mahama expressed gratitude to Mr. Koranteng for his service to the nation during his time as CEO. The President acknowledged the contributions made by Mr. Koranteng, particularly in advancing the objectives of MIIF and managing the fund’s resources.
MIIF is a key institution in Ghana’s mining sector. The Fund is responsible for collecting royalties from mining companies that operate in the country, ensuring that these revenues are channeled into development projects and investments that will drive long-term economic growth. The Fund plays an important role in supporting local communities affected by mining activities, as well as investing in infrastructure projects that contribute to national development.
With the change in leadership, MIIF aims to continue its mission of managing Ghana’s mineral resources effectively and sustainably. The appointment of a new CEO will likely bring fresh strategies to further enhance the Fund’s impact on both the mining industry and broader development initiatives across the country.
