The son of the National Chairman of the National Democratic Congress (NDC), Dr. Kwaku Asiedu-Nketia Jr., has stepped down from his role as Deputy Chief Executive Officer of the Mineral Income and Investment Fund (MIIF) following an alleged disagreement with MIIF CEO Justina Nelson over her leadership approach.
Although Dr. Asiedu-Nketia Jr.’s name still appears on the MIIF website, investigations reveal he is no longer actively involved in the fund’s management. During his absence, all payments made to him have reportedly been returned.
What began as a routine leadership change at MIIF has escalated into one of the most dramatic internal crises in the fund’s history.
Since CEO Justina Nelson assumed office in January 2025, MIIF has been embroiled in widespread upheaval, including firings, resignations, and growing internal discord. The resulting mass exodus has stripped the fund of much of its core workforce.
The turmoil coincides with public revelations that MIIF attempted to amend already signed audited financial statements—an action the Auditor-General described as “improper.” Internally, staff had reportedly sensed the brewing crisis long before it became public.
Former employees claim that anyone who questioned the CEO’s narrative or challenged assertions of mismanagement quickly became a target. Professional disagreements often led to dismissals or forced resignations, creating a climate where standing by one’s principles could jeopardise employment.
Since Mrs. Nelson’s appointment, MIIF—originally a 35-strong team—has lost over 15 key employees, including the Chief Financial Officer, Chief Investment Officer, Head of Legal, the entire Corporate Affairs Department, IT officers, Finance Manager, Chief Risk Officer, Business Development Officers, and Deputy Head of Procurement, among others.
Former staff describe the environment as “toxic,” “intimidating,” and hostile to professional integrity. “Once you challenged the false narrative, you were gone. People were terrified. The institution we built was collapsing from the inside,” one senior former officer told the media.
With Dr. Kwaku Asiedu-Nketia Jr.’s departure, MIIF has lost an innovative financial consultant with extensive experience in corporate structuring, governance, and financial management—expertise crucial to the fund’s long-term stability.
