Justina Nelson is acting CEO of MIIF
President John Dramani Mahama has appointed Madam Justina Nelson, a seasoned banking professional, as the Acting Chief Executive Officer of the Minerals Income and Investment Fund (MIIF). The decision comes 24 hours after the revocation of the appointment of the previous CEO, Mr. Edward Nana Yaw Koranteng.
The President’s Secretary, Dr. Callistus Mahama, issued a letter dated January 13, 2025, announcing the termination of Mr. Koranteng’s appointment, effective immediately. The letter directed him to hand over responsibilities to Finance Minister Designate, Dr. Cassiel Ato Forson, who was tasked with overseeing the Fund’s operations until a new substantive CEO was appointed.
Madam Nelson’s appointment was made on January 14, 2025, through a formal letter that cited Article 195(1) of the Constitution and Section 21(2) of the Minerals Income and Investment Fund (MIIF) Act, 2018 (Act 978).
The MIIF, established as part of a vision to leverage Ghana’s mineral resources for economic growth, has garnered acclaim for its stellar performance. In 2023, the Fund doubled its profits and significantly boosted revenue, with its assets under management projected to exceed $3 billion by December 2026.
The Fund’s rapid growth was attributed to strong board governance, innovative strategies, and investments across the mineral value chain. Under its current trajectory, the MIIF aims to become Africa’s most admired and valuable sovereign wealth fund.
