Atlantic Lithium Ltd, which is building Ghana's first lithium mine, has appointed the Chief Executive Officer (CEO) of the Minerals Income Investment Fund (MIIF), Edward Nana Yaw Koranteng as an independent director, effective immediately.
A seasoned lawyer and corporate banker with over 23 years of experience, he has been the CEO of the Minerals Income Investment Fund (MIIF) since 2021, which oversees Ghana's mining investments and royalty income.
This appointment coincides with MIIF's initial $5 million investment in Atlantic Lithium, which is part of a broader $32.9 million funding strategy to advance the company's principal Ewoyaa Lithium Project.
Previously, Koranteng worked at Ghana International Bank and Chase Bank Group, specialising in the energy and mining sectors.
He also co-founded Koranteng & Koranteng Legal Advisors and serves on several boards, including Asante Gold Corporation.
"It gives me great pleasure to welcome Edward to the Atlantic Lithium Board, assuming the position available to the Minerals Income Investment Fund as agreed under the terms of MIIF's $5 million Subscription in the Company, which was completed in January 2024," said chairman Neil Herbert.
"Enabling greater Ghanaian representation in the strategic direction of the Company and the Ewoyaa Lithium Project, Edward's appointment more closely aligns the Company's objectives and the advancement of the Project with its Ghanaian stakeholders."
Commenting on behalf of the MIIF, Mr. Koranteng said its investment in Atlantic also supports the government of Ghana’s objective to ensure the country remains a preferred mining destination on the continent.
Latest Stories
-
I was suspended in SHS after making a dance video with my uniform – Lisa Quama
23 mins -
GTA gears up for National Tourism Awards 2024
26 mins -
Prof. Gyampo criticises vacating of MP seats due to cross-carpeting
3 hours -
A critical examination of Speaker Alban Bagbin’s ruling on potential breaches of Article 97(1)(G) and (H)
4 hours -
Trump calls 6 January ‘day of love’ when asked about Capitol riot
4 hours -
UTAG calls for immediate prosecution of persons arrested for engaging in galamsey
5 hours -
Prof Ransford Gyampo: And Speaker Bagbin declared 4 seats vacant…
5 hours -
Secret Service has ‘deep flaws’ and must overhaul leadership, report says
5 hours -
Kenya’s deputy president sacked while in hospital
5 hours -
One Direction ‘devastated’ at Liam Payne’s death
6 hours -
Ghana’s debt to ease to 70% of GDP in 2024; another debt default unlikely – Fitch
6 hours -
Meta fires staff for buying toothpaste, not lunch
6 hours -
U-20 AFCON 2025Q: Afriyie’s brace earns Ghana draw against Benin
6 hours -
US ‘click to cancel’ rule to ban subscription traps
6 hours -
Speaker is completely out of order; he is wrong on this ruling – K.T Hammond
6 hours