New 9-member MIIF Board inaugurated to drive strategic transformation

The Minerals Income Investment Fund (MIIF) inaugurated its new board on Tuesday. The ceremony took place at the Ministry of Finance in Accra. This marks an important moment for Ghana’s sovereign wealth fund. The board will navigate recent legislative changes and set a new strategic direction.

Mr. Richard Kwame Asante is the new Board Chairman. He leads a distinguished panel that includes MIIF’s CEO, Mrs. Justina Nelson.

Other board members include Dr. Zakaria Mumuni, First Deputy Governor of the Bank of Ghana. Mr. Edward Apenteng Gyamena is the Commissioner of Domestic Tax Revenue at the Ghana Revenue Authority. Dr. Alfred Oko Vanderpuije represents Ablekuma South in Parliament.

Mr. Yakubu Mohammed serves as a Member of Parliament for Ahafo Ano South East. Mr. Robert Wisdom Cudjoe represents Prestea Huni-Valley in Parliament as well.

Additional members are Ms. Yaa Asantewaa Asante, Director of Public Debt Management at the Ministry of Finance, and Ms. Ama Mawusi Mawuenyefia, Director of Communications at the Ministry of Lands and Natural Resources.

The new board combines expertise from government and Parliament, representing key ministries and constituencies.

Dr. Cassiel Ato Forson, Minister for Finance, inaugurated the board. He emphasized their role in providing strategic leadership during this transition period. He urged members to work closely with management to improve the fund's performance.

Dr. Forson assured the board that the Ministry would provide necessary guidance to help MIIF fulfill its mandate effectively.

Mr. Asante thanked President John Dramani Mahama for trusting the board members with this responsibility. He pledged commitment to address challenges and turn them into growth opportunities.

“The new board and management will work hard to correct past shortcomings,” Mr. Asante stated in his acceptance speech.

Mrs. Nelson reiterated MIIF’s mission as Ghana’s sovereign wealth fund, which manages mineral royalties and equity stakes in mining ventures strategically.

She highlighted MIIF’s clear mandate: to maximize long-term value from Ghana's mineral resources while ensuring sustainable benefits for future generations.

“We recognize our responsibilities ahead due to recent amendments,” she said, expressing readiness to collaborate with the board to transform MIIF.

After the inauguration, board members engaged directly with MIIF’s management and staff, signaling a collaborative approach for future direction.