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President Mahama Sacks CEO Of Minerals Income And Investment Fund

President John Dramani Mahama has terminated the appointment of Edward Nana Yaw Koranteng as the Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF), effective immediately. This decision was conveyed in an official letter dated January 13, 2025, signed by Callistus Mahama, Secretary to the President.

In a formal letter signed by Callistus Mahama, Secretary to the President, it was communicated:
“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.”

The President extended his gratitude to Mr. Koranteng for his dedicated service to the nation during his tenure.

The MIIF, established under the Minerals Income and Investment Fund Act, 2018 (Act 978), plays a vital role in managing and maximizing Ghana’s income from mineral royalties and related activities. Its responsibilities include collecting royalties from mining companies, investing in high-yield projects, supporting infrastructure development, and providing financial assistance to communities affected by mining. These efforts are aimed at ensuring long-term economic stability and development for the country.

See the letter below..
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