False allegations on MIIF intended to malign the fund

The Minerals Income Investment Fund (MIIF) over the last few weeks has experienced a coordinated attempt by certain malicious former executives of the Fund and some former board members who are persistently using sections of media tabloids to malign the Fund and its Chief Executive Officer.

𝐓𝐡𝐞 𝐟𝐚𝐥𝐬𝐞, 𝐛𝐚𝐬𝐞𝐥𝐞𝐬𝐬 𝐚𝐧𝐝 𝐦𝐚𝐥𝐢𝐠𝐧𝐢𝐧𝐠 𝐚𝐥𝐥𝐞𝐠𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐜𝐚𝐩𝐭𝐢𝐨𝐧𝐞𝐝 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬; 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐚𝐬𝐭𝐬 𝐌𝐈𝐈𝐅 𝐟𝐨𝐫 𝐀𝐭𝐭𝐞𝐦𝐩𝐭𝐢𝐧𝐠 𝐭𝐨 𝐑𝐞𝐰𝐫𝐢𝐭𝐞 𝟐𝟎𝟐𝟒 𝐀𝐮𝐝𝐢𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭; 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐚𝐬𝐭𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎 𝐎𝐯𝐞𝐫 “𝐈𝐦𝐩𝐫𝐨𝐩𝐞𝐫” 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐭𝐨 𝐑𝐞𝐰𝐫𝐢𝐭𝐞 𝟐𝟎𝟐𝟒 𝐑𝐞𝐩𝐨𝐫𝐭; 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐓𝐚𝐤𝐞𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎 𝐭𝐨 𝐭𝐡𝐞 𝐂𝐥𝐞𝐚𝐧𝐞𝐫𝐬; 𝐚𝐧𝐝 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐚𝐬𝐭𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎 𝐨𝐯𝐞𝐫 𝐂𝐨𝐫𝐫𝐮𝐩𝐭 𝐀𝐮𝐝𝐢𝐭 𝐑𝐞𝐰𝐫𝐢𝐭𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭.

𝐎𝐭𝐡𝐞𝐫 𝐟𝐚𝐤𝐞 𝐡𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬 𝐚𝐫𝐞; 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐑𝐞𝐣𝐞𝐜𝐭𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎’𝐬 𝐑𝐨𝐠𝐮𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭; 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐚𝐬𝐭𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎 𝐨𝐯𝐞𝐫 “𝐂𝐨𝐫𝐫𝐮𝐩𝐭” 𝐑𝐞𝐪𝐮𝐞𝐬𝐭; 𝐚𝐧𝐝 𝐀𝐮𝐝𝐢𝐭𝐨𝐫-𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐚𝐬𝐭𝐬 𝐌𝐈𝐈𝐅 𝐂𝐄𝐎 𝐨𝐯𝐞𝐫 “𝐈𝐦𝐩𝐫𝐨𝐩𝐞𝐫” 𝐑𝐞𝐪𝐮𝐞𝐬𝐭.

The entire publications centered around the 2024 Audit Report, which is currently the subject of ongoing and cordial engagements between MIIF and the Office of the Auditor-General.

These discussions aim to ensure that the final report accurately reflects issues raised in the Management Letter by the auditors, so that the public is properly informed.

While this legitimate process is still underway, these faceless individuals have resorted to spreading misleading headlines and insinuations, seemingly as part of a calculated effort to unjustly undermine the current management of the Fund and its CEO.

The false claims as being published are being done by paid and hired publishers to do that dirty work.
MIIF as an institution, which has been restructured into a befitting organization in the last 11 months, has at no point attempted to alter any signed financial statements as it is being alleged.
The public is hereby being informed that, the discussions between the Fund and the Auditor-General have been professional, transparent, and ongoing.

In a call to the Fund, a source linked to these negative stories stated plainly that unless the CEO publishes the financial report on MIIF’s letterhead and post same on its website, the incessant attacks deliberately orchestrated to hit hard at the CEO will continue.

The source indicated in plain language that, by a certain deadline, which was last week, if MIIF refuses to publish the report, the negative campaign will continue.

“We do not care about how well she is doing in the Fund. All we want is the report out on MIIF’s website and if we do not see it, we will write all manner of fabricated stories against her”, the source said.

This the Fund is taking very seriously and brining to the attention of the appropriate authorities.
It further alleged that some former board members and executives from the previous administration have an agenda to pursue and, therefore, once the publication was done, it will also allow them to travel to visit their families and businesses abroad.

This confession confirms that the publications are part of a deliberate strategy to exert undue pressure on the current management to do what is not in the best interest of the Fund and the state at large.
The fabricated reports further suggest issues of transparency and integrity in the management of Ghana’s mineral revenues, claims that have no basis in fact.

It has also been alleged that this so-called “saga” began in September 2025 when a former MIIF board member requested the Fund’s audited financial statements under the Right to Information Act and further proceeded to the RTI tribunal. While the processes are underway with the tribunal yet to pronounce on the case, these negative story plotters have preempted the outcome and are strangely widely circulating wild commentaries on the same matter. The position of the attackers is clearly an inconsistent move that exposes the falsehood of their diabolical narrative in their media tabloids.

Evidence increasingly points to the fact that some former board members and executives are resorting to these tactics to satisfy their selfish interest. Some of these former executives are currently subject of investigation by the Office of the Special Prosecutor.

Additionally, one of the editors of the tabloids behind several of these misleading stories suggested that the objective was to push for access to foreign travel opportunities for some former executives and board members who, he allegedly said, are being denied because the audit report has not been published by MIIF on its website.
Independent analysts who have reviewed the situation have urged the public to disregard these publications, describing them as attempts to divert attention from lawful investigations by the investigative bodies.

MIIF remains committed to due process, transparency, and its mandate to protect and grow Ghana’s mineral income for current and future generations.

The Fund remains resolute and will continue to cooperate fully with the Auditor-General and maintain its focus despite these false publications.