Nine board chairs including those of Minerals Income Investment Fund (MIIF) and GoldBod, appointed by the Mahama administration have failed to declare their assets as required by Article 286 of the 1992 Constitution and sections 1 and 3 of the Public Office Holders (Declaration of Assets and Disqualification) Act, 1998 (A550), an Auditor General response to a “Right To Information” (RTI) request has revealed.
A Ghanaian citizen, in line with section 18 of the “Right To Information” (RTI) Act, 2019 (Act 989), requested the Auditor General to confirm whether or not Chief Executives and Board Chairpersons of some 15 public institutions have submitted their asset and liability declarations to the Auditor General as required under the constitution and the RTI Act.
Section 1(1) of Act 550 provides that “a person who holds a public office mentioned in section 3 shall submit to the Auditor General a written declaration of: (a) the properties or assets owned, whether directly or indirectly by that person, and (b) the liabilities owned, whether directly or indirectly by that person.”
Section 1(4) of the same Act 550 further provides that “the declaration shall be made: (a) before taking office, (b) at the end of every four years, and (c) at the end of the term of office.”
The RTI request dated Monday, 20 October 2025, was received by the Auditor General’s office on Tuesday, 21 October 2025. The Auditor General, through Frederick Lokko, Assistant Director of Audit/Information Officer, responded to the RTI request on Monday, 4 November 2025.
The RTI request cataloged 15 institutions, including the names of the chief executives and board chairpersons. According to the Auditor General’s response, all 15 Chief Executives have declared their assets, even though two of them did so under different circumstances, not in their current roles.
The board chairs who have not declared their assets included Professor Joseph Oteng-Adjei, board chairman of the Ghana National Petroleum Corporation, board chairman of the National Petroleum Authority (NPA), Alhaji Huudu Yahaya Īddrisu, Richard Kwame Asante, board chairman of the Minerals Income Investment Fund (MIIF), and board chairman of the Ghana Infrastructure Investment Fund (GIIF).
The remaining are Franklin Mensah, board chairman of Ghana Export-Import Bank, Dr. Joseph Nyarkotei Dorh, board chairman of the Ghana Gold Board, Mr. Kojo Fynn, board chairman of Petroleum Commission; Ernest Thompson, board chairman of the Social Security and National Insurance Trust (SSNIT), Nana Ansah Sasraku III, and the board chairman of Ghana Integrated Aluminium Development Corporation (GIADEC), Kwaku Osafo-Buabeng.
The Chief Executive of the Ghana Cocoa Board, Dr. Ransford Anertey Abbey, declared his assets and liabilities on 24 March 2025, but in his capacity as a policy advisor to the Vice President (Political Affairs), not as CEO of Cocobod. The CEO of the Minerals Commission, Isaac Andrew Tandoh, declared his assets as deputy CEO on 2 April 2025, not under his current capacity as the substantive CEO.
Bernard Ahiafor, the board chairman of the State Insurance Company (SIC), declared his assets and liabilities on 12 May 2025, not as board chairman but as the 1st Deputy Speaker of the 9th Parliament and Member of Parliament (MP) for Akatsi South. James Agalga, board chairman of the Ghana Airport Company Limited (GACL), declared his assets and liabilities on 10 July 2025 as MP for Builsa North.
On 18 February 2025, President John Dramani Mahama set a deadline of 31 March for all his appointees who had taken office or were nominated at the time for appointments to declare their assets. An update provided by the Auditor General to the President’s office indicated that some of his appointees failed to meet that deadline.
“For all those who were appointed or nominated before 31st March 2025 and failed to meet the deadline, you are forfeiting three months of salary to be donated to the Ghana Medical Trust Fund named after me, Mahama Cares.
“In addition to one month’s salary, I have asked all appointees to donate to the Mahama Cares Trust Fund. So, it means that those who omitted to declare their assets by the date, you are paying four months’ salary to Mahama Cares,” Mahama reportedly said on 5 May 2025 when he addressed a gathering at the Jubilee House.
It is not immediately clear what the President will do this time round with the revelation that some of his major appointees have still not complied with the statutory provisions on asset declaration and his own directive to his appointees to do the same.
Below is the complete response of the Auditor General to the RTI request submitted to his office.
