The Office of the Special Prosecutor (OSP) has opened an investigation into potential corruption and related offences involving the Minerals Income Investment Fund (MIIF), one of Ghana’s key state-run investment bodies.
The probe centers on several major transactions, including payments linked to Agyapa Royalties Limited, the Lithium Asset project, and the Quarry Value Addition Programme (QVAP).
In a statement on Wednesday, February 12, Special Prosecutor Kissi Agyebeng outlined the scope of the investigation, which will focus on multiple financial dealings and investments made by MIIF.
Key areas of scrutiny include:
- Payments to Agyapa Royalties Limited
- Small-Scale Mining Incubation Programme (SSMIP)
- Quarry Value Addition Programme (QVAP)
- Deals with Asante Gold Corporation and ElectroChem Ghana Limited
- Lithium exploration and development projects
- Enchi Gold Project (Gold Asset 2)
- All other MIIF investments
- Funds allocated to MIIF’s Board Chairman
- Operational funds and land acquisition for MIIF’s office building
The OSP has identified two former MIIF officials and two current staff members as the primary individuals under investigation.
This investigation into MIIF, which manages royalties from Ghana’s natural resources, comes amid growing concerns about transparency and accountability in the handling of government-linked investments.
