Justina Nelson, acting CEO of Minerals Income and Investment Fund

President John Dramani Mahama has appointed Justina Nelson as the Acting Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF).

The announcement was made by Felix Kwakye Ofosu, the Acting Spokesperson to the President, in a press statement on January 14, 2025.

According to Felix Kwakye Ofosu, the appointment is in line with Article 195(1) of the 1992 Constitution and Section 21(2) of the Minerals Income and Investment Fund Act, 2018 (Act 978).

“The President, His Excellency John Dramani Mahama, has, in accordance with Article 195(1) of the Constitution and Section 21(2) of the Minerals Income and Investment Fund (MIIF) Act, 2018 (Act 978), appointed Ms. Justina Nelson as the Acting Chief Executive Officer of the Minerals Income and Investment Fund. Ms. Nelson is an accomplished banking professional with over twenty years of experience.

“She is currently a Group Head at Zenith Bank (Ghana) Limited, with oversight responsibility for both the Energy and Commercial Banking sectors.

“Ms. Nelson holds a Master of Laws (LLM) in Corporate and Commercial Law and a Master of Business Administration (MBA) in Marketing, both from the University of Ghana. She also holds a Bachelor of Laws (LLB) degree from the Ghana Institute of Management and Public Administration (GIMPA) and a Bachelor of Arts (BA) in Management and Psychology from the University of Ghana,” the press statement said.

The Minerals Income Investment Fund (MIIF) is a sovereign minerals fund established under the Minerals Income Investment Fund Act, 978 (as amended).

Its mandate is to maximize the value of dividends and royalties accruing to the Republic of Ghana in a beneficial, accountable, and sustainable manner while monetizing Ghana’s mineral wealth to create long-term value for the nation.

The fund also owns 100 percent of Agyapa Royalties Company, Africa’s only state-owned gold royalties company.

AM/KA

Watch the latest edition of BizTech below:

Click here to follow the GhanaWeb Business WhatsApp channel

President John Dramani Mahama has announced the numbers of ministries he will be working with.

The president, in his announcement, has reduced his ministries from the proposed 30 to 23.

Also, President Mahama has given an indication of what the next steps will be on the construction of the National Cathedral.

These two major things have sparked a mix of reactions from the public.

Following this, GhanaWeb stepped into town to seek the thoughts of Ghanaians on these developments.

On the subject of the decision to reduce the number of ministries, some Ghanaians say this is a step in the right direction, as it is expected to lead to a more efficient and lean government.

However, others have expressed concerns about the potential impact on jobs and the effectiveness of the government in delivering services to the people.

“We are in this country and we have so many ministers and we don’t know the job that they are doing, collecting Ghana money and people are suffering. We don’t understand all this so it’s better President Mahama reduces more than the current number, but we believe he knows what he’s doing,” one person said.

On the other matter, some people say the president should not bother himself with building the National Cathedral since he’s not the one who promised Ghanaians to construct it.

“President Mahama shouldn’t make a mistake and build the National Cathedral. It’s Akufo-Addo who said he has made a promise to God that he will build a cathedral and he didn’t fulfil that promise so we don’t need any cathedral for now. The country is ‘hard’ so he should rather use the money to create jobs for the youth,” another person said.

FG/AE

Watch the video of their interactions with GhanaWeb below:

Also, watch videos from President Mahama’s maiden National Prayer and Thanksgiving Service below