The Minerals Income Investment Fund (MIIF) on Tuesday inaugurated its new nine-member board at a ceremony held at the Ministry of Finance in Accra, marking a pivotal moment for Ghana’s sovereign wealth fund as it prepares to navigate recent legislative amendments and chart a new strategic course.

Mr Richard Kwame Asante assumes the role of Board Chairman, leading a distinguished panel that includes MIIF’s Chief Executive Officer, Mrs Justina Nelson.

The other board members are: Dr Zakaria Mumuni, First Deputy Governor of the Bank of Ghana; Mr Edward Apenteng Gyamena, Commissioner of Domestic Tax Revenue at the Ghana Revenue Authority; Dr Alfred Oko Vanderpuije, Member of Parliament for Ablekuma South; Mr Yakubu Mohammed, Member of Parliament for Ahafo Ano South East; and Mr Robert Wisdom Cudjoe, Member of Parliament for Prestea Huni-Valley.

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

The new board brings together expertise from across government and Parliament, with representation from key ministries and constituencies.\

The Minister for Finance, Dr Cassiel Ato Forson, who inaugurated the board, emphasised its responsibility to provide strategic leadership during this transition period, urging members to collaborate closely with management to revitalise the fund’s performance.

He assured the board that the Ministry of Finance stands ready to offer the necessary guidance to ensure MIIF fulfils its mandate while maximising the benefits of Ghana’s mineral wealth for its citizens.

Mr Asante expressed gratitude to President John Dramani Mahama for the confidence placed in the board members, pledging an unwavering commitment to address existing challenges and turn them into opportunities for growth.

“The new board and management are committed to working tirelessly to correct past shortcomings and position the Fund for success,” Mr Asante said in his acceptance speech.

Mrs Nelson reiterated MIIF’s core mission as Ghana’s sovereign wealth fund, established to strategically manage and invest the nation’s mineral royalties and equity stakes in mining ventures.

She noted that MIIF’s mandate is clear: to maximise long-term value from Ghana’s abundant mineral resources while ensuring sustainable economic benefits for current and future generations.

“We recognise the responsibilities ahead, particularly given recent amendments to our Act, and stand ready to collaborate with the board to transform the Fund,” she said.

Following the inauguration, the board members engaged directly with MIIF’s management and staff, signalling a collaborative approach to the Fund’s future direction.