President Mahama Sacks Another ‘Heavyweight’ Civil Servant Over ‘Incompetency’

The post President Mahama Sacks Another ‘Heavyweight’ Civil Servant Over ‘Incompetency’ appeared first on OccupyGh.com.

President John Dramani Mahama has revoked the appointment of Edward Nana Yaw Koranteng as Chief Executive Officer of the Minerals Income and Investment Fund (MIIF).

The decision, which takes immediate effect, was communicated through a letter signed by Callistus Mahama, Ph.D., the Secretary to the President, on January 13, 2025.

Mr. Koranteng, a seasoned lawyer and corporate investment banker with over 24 years of experience, has been directed to hand over his duties to Hon. Dr. Cassiel Ato Baah Forson, the President’s representative at the Ministry of Finance. Ato Forson will oversee the operations of the MIIF until a substantive Chief Executive Officer is appointed.

The President extended his gratitude to Mr. Koranteng for his service to the nation. This development is part of the administration’s efforts to reshape leadership in various institutions, with Dr. Forson’s involvement suggesting a continued focus on financial oversight within the fund’s management.

The Minerals Income and Investment Fund plays a vital role in managing Ghana’s mineral royalties and ensuring sustainable investments for the country.

As a sovereign minerals fund, MIIF is mandated to maximize the value of dividend and royalties income accruing to the Republic of Ghana in a beneficial, accountable, and sustainable manner.

The revocation of Mr. Koranteng’s appointment signals the administration’s intent to bolster the fund’s operations under new leadership.

As the search for a substantive CEO begins, the MIIF will continue to play a critical role in driving Ghana’s economic growth and development through prudent investments and management of the country’s mineral wealth.

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