President John Dramani Mahama has immediately and effectively terminated the appointment of Edward Nana Yaw Koranteng as the Chief Executive Officer of the Minerals Income and Investment Fund.
A statement from the presidency asked Yaw Koranteng to hand his duties to the Finance Minister, Dr Cassiel Ato Forson.
“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,” parts of the letter read.
“The President extends his gratitude for your service to the nation,” the letter concludes.
The Minerals Income Investment Fund (MIIF) is a sovereign minerals fund established under the Minerals Income Investment Fund Act, 978 (as amended).
