Following accepted corporate governance practices, the Minerals Income Investment Fund (MIIF) has reassured Ghanaians that a thorough audit of its financial accounts is underway.
This comes after recent media allegations that claimed the Fund had financial problems, especially under the immediate former CEO Edward Nana Yaw Koranteng.
MIIF reiterated its dedication to accountability and openness in a statement, emphasizing that the public will be fully informed of the audit's findings.
The Fund also promised to rectify any anomalies discovered in full compliance with Ghana's legal and financial laws.
MIIF would like to make it clear that, in compliance with established protocols and corporate governance norms, the Fund's financial statements are presently being thoroughly audited following the recent changeover. The results of this audit will be thoroughly communicated to Ghanaians.
In order to maximize value for both current and future generations, Ghana's mining income must be managed by MIIF, a sovereign wealth fund.
According to the Fund, it is still committed to safeguarding Ghana's mineral resources and making sure that all earnings are managed responsibly.
In complete accordance with established norms and Ghanaian legislation, "Management of the Fund will take all necessary steps to address any irregularities that may be identified during the audit," the statement continued.
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