MIIF presents assorted items, GH¢20k cash to Chief Imam

The Minerals Income Investment Fund (MIIF) has presented assorted items and cash of GH¢20,000.00 to the National Chief Imam, Sheikh Osman Nuhu Sharubutu towards the celebration of this year’s Eid Fitr.

The items include; cartons of bottled water, bags of rice, packs of soft drinks, bags of sugar, gallons of cooking oil, and cartons of frozen chicken among other consumables.

The MIIF delegation was led by its Chief Executive Officer (CEO), Edward Nana Koranteng.

In a brief address during the donation, Mr. Koranteng said his outfit was visiting the chief imam for three main reasons—seek his wise counsel, prayers and advice; celebrate the coming to the end of the Ramadan with him and wish him a happy birthday after turning 103 years.

He said as the fund plans to actualize the President, Nana Addo Dankwa Akufo-Addo’s vision of becoming the largest minerals fund in Africa, the management of MIIF found it wise to tap into the leadership qualities of the chief imam.

“We believed that the principles he (the Chief Imam) stands for and what he represents…especially religious tolerance, unity, resilience, love for humanity and love for the nation are things that as an entity and as a country we should imbibe and take forward in everything that we do,” the MIIF CEO stated.

Continuing, he added: “Unity, tolerance, perseverance, resilience and most importantly love are things that the nation needs in this crucial phase of our economic recovery from the COVID-19 devastation.

Receiving the items Sheikh Osman Sharubutu expressed his heartfelt gratitude for the visit and the presentation.

He prayed to Allah to continue to grant MIIF’s leadership the knowledge they need to carry out their mission.

He also prayed for the nation’s peace to be preserved and for Allah to bestow wisdom on those in charge, urging MIIF to be a beacon of mineral income investment on the continent.

He was hopeful that the CEO and his team would be able to carry out their duties all the time so that the country would benefit immensely from her abundant natural resources.

The Minerals Income and Investment Fund was set up to manage the equity interest of the government in large scale mining and all mining royalties paid as well as their investment.

The fund is expected to have $500 million in assets in three years as part of its vision.

And, it was recently named the Best Financial Institution in Mining in Ghana by the French-based business publication, Forbes Monaco. The award is given to financial institutions that specifically concentrate on providing financial platforms and funding solutions to the mining sector.

Forbes took cognisance of MIIF’s strategic acquisition of over fourteen million shares and circa 4.65% stake in Asante Gold Corporation, a Canadian and Frankfurt listed gold producing company which operates in Ghana.

The acquisition, which together with government’s carried interest and existing Ghanaian shareholders, would increase Ghanaian shareholding to more than 25%, is a first for Ghana in a multi-listed international gold mining company.