Ofori-Atta inaugurates Minerals Income Investment Fund board

Finance Minister Ken Ofori-Atta has inaugurated the newly-constituted board of the Minerals Income Investment Fund.

He inaugurated the board in Accra on Tuesday October 12.

With a three-year mandate, the reconstituted board has been charged to consolidate gains and also deliver solutions to Ghana’s infrastructural sector. 

 “There is a gap of literally over two billion dollars that we must be able to raise,” Mr Ofori Atta told journalists after the inauguration.

The Minerals Income Investment Fund is a fund that seeks to manage the equity interests and receive mineral royalties and income for Ghana.

These incomes are generated from mining and its operationalization.

The fund was established by an ACT of Parliament of the Republic of Ghana, ACT 218, (Act 978), to manage and invest the mining royalties of the Republic.

The Act was passed by Parliament of Ghana and President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, assented the ACT on December, 3rd 2018, after Parliament passed it into law which according to him, there are no local companies mining in Ghana over a century.

By Laud Nartey|3news.com|Ghana