Edward Koranteng, former Chief Executive Officer of the Minerals Income Investment Fund (MIIF), has been blocked from fleeing Ghana.
The information gathered suggests, Edward Koranteng was stopped from boarding an international flight at the Kotoka International Airport on Tuesday night, July 29, 2025.
Reports suggest he was intercepted by immigration officials after attempts to flee the country without clearance from the Office of the Special Prosecutor (OSP).
Edward Koranteng, according to sources, has been placed on the OSP stop list, and his attempt to leave the country without permission triggered an alert at the airport.
It will be recalled that the Office of the Special Prosecutor (OSP) in February 2025, after declaring former Finance Minister Ken Ofori-Atta a wanted person, also declared Edward Nana Yaw Koranteng wanted over suspected acts of corruption.
The OSP investigation against the former MIIF CEO is yet to be made known, but it has been claimed that the investigation is cited on corruption and related offences.
Other allegation against Edward Koranteng
In a related story, Edward Nana Yaw Koranteng 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.
Also, Edward Nana Yaw Koranteng 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 that 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.
