Edward Nana Yaw Koranteng, the former Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF) has been exposed for hurriedly rushing a staggering US$6 million to Goldkey Properties Ltd on January 6, 2025.
According to the information gathered the US$6 million payment is part of a US$41 million contract awarded to Goldkey a company owned by Ghanaian businessman, Kweku Bediako the controversial contractor behind the Bank of Ghana office complex at Ridge, Accra.
Reports from sources revealed that the MIIF management hurriedly processed the payment over fears the Mahama government might halt the project.
The $40 million project according to the reports gathered involves constructing a 12-storey office complex to house MIIF’s operations and partly to generate rental income.
The site of the 12-storey office complex building remains anonymous.
Kweku Bediako, responding to the allegations revealed that Goldkey Properties acted in full compliance with due process.
He detailed the timeline of events, beginning with pre-qualification in May 2023 and culminating in the signing of the contract on November 6, 2024.
Kweku Bediako added that Goldkey Properties, emerged as the successful bidder with a tender sum of $40,901,375.27, beating competitors like Imperial Homes ($44,033,505.57) and Justmoh Construction ($48,650,635.90).
He further confirmed the part-payment of 6 million dollars to his company by the management of MIIF.
The Mahama transition team advised against last-minute financial transactions yet the MIIF expedited the payment for its head office.
Meanwhile, Edward Nana Yaw Koranteng has also been shockingly fingered in a US$94 million alleged missing gold cash, 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.
