The Minerals Income Investment Fund (MIIF) has dismissed a series of media publications alleging attempts by the Fund and its Chief Executive Officer, Justina Nelson, to alter the institution’s 2024 audited financial statements, describing them as false, malicious, and part of a coordinated smear campaign by former executives and board members.

In a statement issued on Monday December 8, 2025, MIIF said the misleading headlines — including “Auditor-General Blasts MIIF for Attempting to Rewrite 2024 Audited Report,” “Auditor-General Blasts MIIF CEO Over ‘Improper’ Request,” and others — were being circulated by individuals seeking to malign the Fund and its leadership.

According to MIIF, the 2024 Audit Report is currently the subject of ongoing, professional, and cordial engagements between the Fund and the Office of the Auditor-General, aimed at ensuring that the final report accurately reflects issues raised in the Management Letter.

The Fund stressed that at no point has it attempted to alter any signed financial statements.

MIIF alleged that the publications were being pushed by “paid and hired” media operatives acting on behalf of certain former executives and board members who are trying to pressure the current management into publishing the financial report on the Fund’s letterhead and website.

A source linked to those behind the negative publications is said to have told the Fund that the attacks would continue unless MIIF complied with their demands. MIIF however said it has reported this threat to the appropriate authorities.

The Fund further claimed that some of the individuals driving the publications have personal agendas, including seeking foreign travel opportunities they believe would be facilitated if the audit report is made public. Additionally, MIIF said some of these former executives are currently subjects of investigations by the Office of the Special Prosecutor.

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The Fund also referenced ongoing processes at the Right to Information (RTI) tribunal after a former board member requested access to its audited financial statements. MIIF said attempts to pre-empt the tribunal’s decision with “wild commentaries” expose the inconsistencies and bad faith behind the negative media campaign.

Independent analysts who have examined the situation, MIIF noted, have urged the public to disregard the publications, calling them deliberate attempts to divert attention from ongoing investigations involving some former officials.

The Fund reiterated its commitment to due process, transparency, and responsible management of Ghana’s mineral income, stating that it will continue to cooperate fully with the Auditor-General and remain focused despite the “false and orchestrated” publications.

The Minerals Income Investment Fund (MIIF) is a sovereign minerals fund established under Act 978 to maximise the value of Ghana’s mineral royalties and dividends, ensuring their beneficial, accountable, and sustainable management while creating long-term value for the country.

BAI

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