Business
Minerals Income and Investment Fund (MIIF) gets Acting CEO
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,
This follows the revokation of the appointment of the former CEO, Edward Nana Yaw Koranteng yesterday, January 14, 2025.
Ms. Nelson is an accomplished Banking Professional with over twenty years 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 in Corporate and Commercial law and a Master in Business Administration (Marketing) both from the University of Ghana.
She also holds a Bachelor of Laws (Hons) degree from the Ghana Institute of Management and Public Administration (GIMPA) and a Bachelor of Arts (Hons) degree in Management
and Psychology from the University of Ghana.
By Edem Mensah-Tsotorme
Business
Ghana Gas debunks claims by Oforikrom MP over Atuabo plant shutdown
The Ghana National Gas Company (Ghana Gas) has dismissed claims by the Member of Parliament for Oforikrom that the Atuabo Gas Processing Plant is still not working after a recent maintenance shutdown.
In a statement, the company said the reports being circulated on social and traditional media were “false and misleading.”
It explained that the planned maintenance was successfully completed ahead of schedule and in line with international safety and operational standards.
According to Ghana Gas, the plant was restarted on August 27, 2025, and has since been delivering gas safely to major consumers, including power producers and industries.
The company noted that the shutdown works involved calibration of safety systems, overhaul of the main transmission compressor, servicing of the heat medium system, and replacement of the system fluid as recommended by the manufacturers.
It added that in previous years, restarting the plant after such major works had taken at least 14 days, but this year the team managed to complete the process in just five days.
Ghana Gas described the achievement as proof of improved planning, efficiency, and technical excellence.
Management also revealed that both the Chief Executive Officer and the Deputy Chief Executive in charge of Technical and Operations had personally commended the technical team for the job done ahead of schedule.
Ghana Gas assured the public that the Atuabo plant is in good condition and continues to supply reliable gas to support national energy needs.
The company further urged the media and commentators to verify information from official sources before publication, stressing that unverified claims only mislead the public and create unnecessary panic.
By: Jacob Aggrey
Business
BoG Governor: Cedi’s appreciation not artificially influenced
The Governor of the Bank of Ghana, Dr Johnson Asiama, has dismissed claims that the Central Bank is manipulating the exchange rate to cause the recent appreciation of the Cedi.
His comments come amid growing speculation following the local currency’s notable performance against major foreign currencies in recent weeks.
Addressing participants at the Ghana CEO Summit in Accra on Monday, 26 May 2025, Dr Asiama firmly denied any artificial intervention by the Bank of Ghana.
He noted that the strength of the Cedi was the result of broader economic improvements rather than external support or short-term tactics.
“Our Cedi has appreciated by 24.1% against the US dollar,” he stated. “Let me emphasise that the Central Bank is not using international reserves to prop up the Cedi, nor are we engineering an unsustainable appreciation.”
He attributed the positive trend to a combination of disciplined monetary policy, foreign exchange reforms, and increased inflows.
“These are not short-term interventions—they are deliberate, structural changes aimed at ensuring long-term stability,” he explained.
Dr Asiamah further pointed to enhanced market surveillance and improved remittance flows as contributing factors to the sustained strength of the currency.
He assured the business community that the central bank remains committed to maintaining transparency and credibility in Ghana’s monetary operations.
Source:Myjoyonline.com
