MIIF undergoes audit over financial irregularity claims against former CEO Edward Nana Yaw Koranteng

The Minerals Income Investment Fund (MIIF) has assured Ghanaians its financial statements are currently undergoing a comprehensive audit in line with established corporate governance procedures.

This follows recent media reports alleging financial irregularities within the Fund, particularly during the tenure of the immediate past Chief Executive Officer, Edward Nana Yaw Koranteng.

In a statement, MIIF reaffirmed its commitment to transparency and accountability, stressing that the public will be fully informed of the audit's outcome.

The Fund also pledged to address any irregularities found in strict compliance with Ghana's legal and financial regulations.

“MIIF wishes to clarify that subsequent to the recent transition, the Fund’s financial statements are currently undergoing a comprehensive audit in accordance with established procedures and corporate governance practices. Ghanaians will be fully apprised of the outcome of this audit”

MIIF, a sovereign wealth fund, is responsible for managing Ghana's mineral revenues to maximise value for present and future generations.

The Fund says it remains dedicated to protecting Ghana's mineral wealth and ensuring prudent management of all proceeds.

“Management of the Fund will take all necessary steps to address any irregularities that may be identified during the audit in full compliance with laid down principles and the laws of Ghana”, the statement added.

-citinewsroom