In a surprising move, President John Dramani Mahama has terminated the appointment of Edward Nana Yaw Koranteng as the Chief Executive Officer of the Minerals Income and Investment Fund (MIIF), effective immediately.

The announcement came from the President’s office, stating that Mr. Koranteng is to hand over all duties to Dr. Cassiel Ato Forson, who serves as the President’s representative at the Ministry of Finance. Dr. Forson will act as the interim head of the MIIF until a permanent replacement for Mr. Koranteng is appointed.

In his statement, President Mahama extended his gratitude to Mr. Koranteng for his service to the nation during his tenure at the helm of the fund.

This change in leadership comes at a time when the MIIF plays a critical role in managing Ghana’s mineral royalties and investments, aiming to leverage the country’s mineral wealth for economic growth.

No further details were provided regarding the reason behind the sudden dismissal, leaving room for speculation and discussion among stakeholders in the mining sector and the broader economic community.

The search for a new CEO to lead the MIIF through its next chapter is expected to commence shortly.