President John Dramani Mahama has dismissed Edward Nana Yaw Koranteng from his position as Chief Executive Officer of the Minerals Income and Investment Fund (MIIF).A letter dated January 13, 2025, and signed by the Secretary to the President, Callistus Mahama, confirmed the termination of Yaw Koranteng’s appointment with immediate effect.

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The directive instructed Yaw Koranteng to transfer his responsibilities to the government’s representative at the Ministry of Finance, Dr. Cassiel Ato Forson, who will manage the Fund’s operations until a permanent CEO is appointed.The letter expressed gratitude for Yaw Koranteng’s service to the nation, stating:“I write to formally inform you that H.E.

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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.”<img

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alt="" class="wp-image-736338" style="width:1034px;height:auto"/>In 2021, former President Akufo-Addo appointed Edward Koranteng to serve as the chief executive officer of the Minerals Income Investment Fund (MIIF). He took over from Yaw Baah, a former Member of Parliament (MP) for Kumawu in the Ashanti Region, who was appointed chief executive of the MIIF in 2019.The

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Minerals Income Investment Fund is a state institution created by an act of Parliament, the Minerals Income Investment Fund Act 2018 (Act 978).This law authorises the establishment of a fund to manage the equity interests of the Republic of Ghana in mining companies, to receive mineral royalties and other related income due Ghana from mining operations, and to provide for the management and investment of the fund’s assets.

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