New 9-member board of MIIF inaugurated to drive strategic transformation
The Minerals Income Investment Fund (MIIF) today inaugurated its new nine-member board at a ceremony held at the Ministry of Finance in Accra, marking a pivotal moment for Ghana's sovereign wealth fund as it prepares to navigate recent legislative amendments and chart a new strategic course.
Mr. Richard Kwame Asante assumes the role of Board Chairman, leading a distinguished panel that includes MIIF's Chief Executive Officer, Mrs. Justina Nelson.
The other board members are: Dr Zakaria Mumuni, First Deputy Governor of the Bank of Ghana; Mr. Edward Apenteng Gyamena, Commissioner of Domestic Tax Revenue, Ghana Revenue Authority; Mr. Alfred Oko Vanderpuije, Member of Parliament, Ablekuma South; Mr. Yakubu Mohammed, Member of Parliament, Ahafo Ano South East; Mr. Robert Wisdom Cudjoe, Member of Parliament, Prestea Huni-Valley.
The rest are: Ms. Yaa Asantewaa Asante, Director, Public Debt Management Office, Ministry of Finance; Ms. Ama Mawusi Mawuenyefia, Director of Communications, Ministry of Lands and Natural Resources.
The new board brings together expertise from across government and parliament, with representation from key ministries and constituencies.
The Finance Minister Dr. Cassiel Ato Forson, who inaugurated the board emphasized the board's responsibility to provide strategic leadership during this transition period, charging members to collaborate closely with management to revitalize the fund's performance.
He gave the assurance that the Ministry of Finance stands ready to provide necessary guidance to ensure MIIF fulfills its mandate while maximizing benefits from Ghana's mineral wealth for citizens.
Mr Asante expressed gratitude to President John Dramani Mahama for the confidence placed in the board members, pledging unwavering commitment to address existing challenges and transform them into opportunities for growth.
"The new board and management are committed to working tirelessly to correct past shortcomings and position the Fund for success," Mr Asante said in his acceptance speech.
Mrs. Nelson reinforced MIIF's core mission as Ghana's sovereign wealth fund, established to strategically manage and invest the nation's mineral royalties and equity stakes in mining ventures.
She said MIIF’s mandate is unambiguous: maximize long-term value from Ghana's abundant mineral resources while ensuring sustainable economic benefits for current and future generations.
"We recognise the responsibilities ahead, particularly given recent amendments to our Act, and stand ready to collaborate with the board to transform the Fund."
The board members after the inauguration at the ministry later engaged directly with MIIF's management and staff, signaling a collaborative approach to the fund's future direction.