Appointment of MIIF CEO, Edward Koranteng Revoked

Edward Koranteng’s position as the CEO of the Minerals Income Investment Fund (MIIF) has been formally dismissed by President John Dramani Mahama. The Secretary informed President Dr. Callistus Mahama of this decision in a letter dated January 13, 2025.
Until a new CEO is chosen, Dr. Cassiel Ato Forson, the Finance Minister-designate, has been assigned to manage the fund’s activities. “I am writing to formally inform you that your appointment as the Chief Executive Officer of the Minerals Income Investment Fund has been revoked by H.E. John Dramani Mahama, with immediate effect,” the letter read. You have been told to turn over your duties to the President’s envoy in the Ministry of Finance.
Hon. Dr. Ato Forson will manage the operations of the Fund until a new Chief Executive Officer is appointed.
The letter concluded with a note of appreciation: “The President expresses his gratitude for your service to the nation.”
Read Also: President Mahama Dissolves Statutory Boards, Warns Appointees
The Minerals Income Investment Fund (MIIF) is a sovereign fund established under the Minerals Income Investment Fund Act, 978 (as amended). Its primary mission is to maximize the value of dividends and royalties received by the Republic of Ghana in a manner that is beneficial, accountable, and sustainable. Additionally, the fund is responsible for monetizing Ghana’s mineral resources to create long-term value for the country.
The MIIF also holds full ownership of Agyapa Royalties Company, the only state-owned gold royalties company in Africa.