MIIF Undergoes Comprehensive Audit Amid Financial Irregularity Allegations
The current leadership of the Minerals Income Investment Fund (MIIF) has confirmed that its financial statements are undergoing a comprehensive audit as part of its corporate governance framework, following reports of alleged financial irregularities under the tenure of its former Chief Executive, Edward Nana Yaw Koranteng.
In a statement, the sovereign wealth fund sought to reassure the public of its commitment to transparency, stressing that the outcome of the audit would be fully disclosed.
“MIIF wishes to clarify that, following the recent leadership transition, the Fund’s financial statements are currently undergoing a comprehensive audit in line with established corporate governance procedures. Ghanaians will be fully apprised of the outcome,” the statement read.
MIIF, which manages Ghana’s mineral revenues, said it remains committed to safeguarding the country’s resource wealth and ensuring prudent financial management.
The Fund pledged to address any irregularities uncovered in strict compliance with national laws and regulatory frameworks.
“Management will take all necessary steps to rectify any discrepancies identified during the audit, adhering to all legal and governance protocols,” MIIF stated.
The audit comes at a critical time for the Fund, which plays a central role in Ghana’s efforts to optimise returns from its mineral resources.
