President John Dramani Mahama has revoked the appointment of Edward Nana Yaw Koranteng as the Chief Executive Officer of the Minerals Income Investment Fund (MIIF), effective immediately.
A letter signed by Secretary to the President, Callistus Mahama, directed Mr. Edward Koranteng to hand over his duties to the President’s representative at the Ministry of Finance. Dr. Cassiel Ato Forson will oversee the operations of the Fund until a substantive Chief Executive Officer is appointed.
“The President extends his gratitude for your service to the nation,” the letter stated.
Mr. Koranteng, a lawyer and experienced corporate and investment banker, has been at the helm of MIIF since 2021.
Under his leadership, the Fund’s Assets Under Management (AUM) grew from $180 million to $1 billion by the end of the first quarter of 2024.
