Business News of Thursday, 13 February 2025
Source: www.ghanaweb.com
The Minerals Income Investment Fund (MIIF) has strongly refuted allegations published by The Herald, an Accra-based newspaper, describing the claims as false and misleading.
The allegations, centered on the Fund's financial transactions and governance practices, have prompted MIIF to issue a detailed response to set the record straight.
In a press statement issued on February 13, 2025, the state-owned Fund categorically denied the newspaper's claim of a GH1.5 billion transfer within its accounts.
The Fund also emphasized that all its financial transactions are conducted under strict regulatory approval and oversight.
"All financial transactions undertaken by MIIF are conducted with full regulatory approval and oversight," the statement read.
The newspaper publication also revisited the ongoing audit of MIIF’s financials, an issue the Fund had previously addressed.
However, MIIF expressed surprise at the renewed focus, especially given that the audit is being conducted by the Ghana Audit Service, a constitutionally mandated body responsible for auditing public institutions.
The Fund reiterated that the audit process remains transparent and accountable.
"The Ghana Audit Service is an independent institution tasked with ensuring financial integrity, and MIIF is fully cooperating with the audit process," the statement mentioned.
The Herald further alleged that MIIF had made unauthorized payments to a...
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