Edward Nana Yaw Koranteng, the former Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF) has been shockingly fingered in a US$94 million alleged missing gold cash.
The information gathered suggests, that the staggering US$94 million gold trade deal was signed with a company called Goldridge Limited, which is owned by a well-known figure in East Legon, Dr Sledge Nana Yaw Duodu.
According to the information gathered, the promised gold has not been supplied, nor has the money been returned to MIIF’s coffers since September 2024.
It has been alleged that the management and board of MIIF have squandered significant sums of Ghana’s resources.
Persons, fingered in the alleged missing gold cash of US$94 million include MIIF’s Legal Manager, Nana Serwaa Owusu; Head of Legal and Compliance, Daniel Imadi; Chief Investment Officer, Bubune Sorkpor; and the CEO, Edward Nana Yaw Koranteng.
The information further uncovered reveals that MIIF under Edward Nana Yaw Koranteng, disbursed $150.6 million to aggregators for gold trading in violation of the law which resulted in a financial loss for Ghana.
The MIIF has also been accused of spending GHC240 million on AstroTurf pitches and a mining museum.
Meanwhile, President John Mahama has appointed Justina Nelson as the Acting Chief Executive Officer (CEO) of the Minerals Income Investment Fund (MIIF) after he fired Edward Nana Yaw Koranteng.
