A former board member of the Minerals Income Investment Fund (MIIF), Kow Essuman, has accused Joy News, a member of the Multimedia Group, of engaging in what he says is “mercenary” and “very poor” journalism following a series of stories published by the news outlet on matters related to the 2024 Audit Report of MIIF.
In a post on its Facebook Wall today, Tuesday, 25 November 2025, Joy News purported to have uncovered a confidential report on MIIF’s Audited financial statements highlighting unapproved multimillion-cedi travel expenses incurred by the fund’s board and management in 2024. However, the report failed to provide the source of the said information and its actual content.
Reacting to Joy News’ reportage, the learned lawyer and counsel to former President Akufo-Addo pointed out that Joy News’ publications are not in any way going to stop him from demanding accountability and transparency from the current management of MIIF.
“I will not be distracted in the efforts I have been undertaking in the last two months to ensure transparency, accountability, and good governance at MIIF, which are the fundamental principles in the MIIF Act.
“These stories and news cards published by JoyNews, in a mercenary way, circulating on social media, are misleading and smack of very poor journalism.
“They are highly inconsistent with the final audited report of the Fund, which is being unconstitutionally withheld from the general public by the current Management of the Fund,” Kow Essuman’s post on X read.
“The whole story shall be told soon, including the “major unethical governance scandal” that has been happening at the Fund in the last few months. Stay tuned,” Mr Essuman’s social media post on X, following the Joy News publications, further read.
Kow Essuman is on record as having submitted a Right To Information (RTI) request to the CEO of MIIF, requesting a copy of the 2024 MIIF audited accounts, prepared by the Auditor General and signed off in June 2025.
To date, his 26 September 2025 RTI request has not been answered. The MIIF CEO, however, in a letter to Mr Essuman, noted that MIIF can release the audit report only when its board of directors approves it.
