The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Mrs. Justina Nelson, has reaffirmed the Fund’s determination to pursue institutional excellence and strict adherence to Ghana’s regulatory frameworks, stressing that good governance is central to its mandate of optimising returns from the country’s mineral wealth.
She made these remarks when the Board and Management of MIIF paid a courtesy call on the Public Services Commission (PSC), in a move described as a strategic step to strengthen institutional relationships and ensure regulatory alignment.
The visit, led by the Chairman of the MIIF Board, Mr. Richard Kwame Asante, forms part of the Fund’s broader stakeholder engagement strategy.
Mrs. Nelson underscored the importance of MIIF’s proactive engagement with regulatory institutions.
“Our proactive engagements are intended to align MIIF’s internal governance frameworks with national standards while optimising returns from Ghana’s mineral wealth.”
Mrs. Justina Nelson, Chief Executive Officer of MIIF
She emphasised that MIIF remains fully committed to operating within Ghana’s public service ecosystem while preserving its operational independence as a sovereign minerals income investment fund.
According to her, the Fund’s leadership is working cohesively to uphold the highest standards of corporate governance, in line with its amended Act, and to ensure that MIIF delivers effectively on its national mandate.
“We are building systems that guarantee accountability, transparency, and long-term value creation, because the mineral wealth of this nation must work for all Ghanaians.”
Mrs. Justina Nelson, Chief Executive Officer of MIIF
Clarifying Public Service Standards
Board Chairman Mr. Asante used the opportunity to seek clarification on the specific procedures required for MIIF to align with the Commission’s standards, particularly on staffing and institutional structures.
Responding to his concerns, the Chairman of the Public Services Commission, Professor Victor Kwame Agyeman, provided detailed guidance on best practices within the public service framework.
He stressed the importance of MIIF developing a comprehensive scheme of service that reflects both its unique investment mandate and the principles guiding Ghana’s public service.
“A scheme of service provides the framework for organisational structure, staff progression, and accountability.
“For MIIF, this is critical to ensuring efficiency and alignment with national development goals.”
Prof. Victor Kwame Agyeman, Chairman of the Public Services Commission
He further recommended that MIIF’s governance structures be harmonised with the public service grading system and the constitutional provisions under Article 195 on appointments.
He highlighted the importance of structured interviews and transparent recruitment processes for senior management roles, particularly for Category A and B positions, which require a strong blend of qualifications and professional experience.
Knowledge Sharing and Capacity Building
The Vice Chair of the Commission, Dr. Stella Agyenim-Boateng, extended an invitation to MIIF’s leadership to participate in the annual Corporate Governance Conference for Board Chairs, CEOs, and Directors.
The conference, she explained, is a key platform for dialogue, knowledge sharing, and capacity building among Ghana’s public institutions.
“The challenges of governance are dynamic. Platforms like the Corporate Governance Conference ensure that our leaders are equipped with the latest tools, practices, and insights to strengthen public institutions.”
Dr. Stella Agyenim-Boateng, Vice Chair of the Commission
Mrs. Nelson welcomed the invitation, describing it as a valuable opportunity for MIIF to contribute to and learn from wider governance conversations.
Both institutions pledged to build on the discussions, setting the stage for deeper collaboration. The PSC commended MIIF for taking the initiative to proactively engage and seek regulatory clarity, rather than waiting for compliance gaps to emerge.
Mrs. Nelson, for her part, reiterated MIIF’s readiness to build a legacy of transparency and value creation.
“This is not just about compliance. It is about creating an institution that Ghanaians can trust to manage the wealth of our minerals responsibly, strategically, and sustainably.”
Mrs. Justina Nelson, Chief Executive Officer of MIIF
The meeting, according to both parties, represents only the beginning of a sustained partnership between MIIF and the PSC.
With Ghana’s mineral sector playing an increasingly important role in financing the national budget and supporting long-term growth, the need for efficient, transparent, and well-regulated institutions has never been greater.
By reinforcing governance structures and seeking alignment with regulatory bodies, MIIF is positioning itself not only as a steward of Ghana’s mineral revenues but also as a model of institutional excellence in the public investment space.
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