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Yauber
The President appointed Yaw Bah, a senior partner at Sterling Partnership law firm and a former MP for Mr Kumau, as chief executive officer of the newly created Minerals Income Investment Fund.
This is based on Article 21(1) of the Mineral Revenue Investment Law passed in 2018.
The fund, through its subsidiaries, owns and manages all of the country’s existing gold assets and maximizes the value derived from these assets.
Through its operations, it is expected to immediately raise between US$500 million and US$750 million for government infrastructure development.
The fund is the first of its kind in Africa, and once its subsidiaries become fully operational, it will lend weight to the NPP government’s goal of making Ghana a leading financial hub in West Africa.
profile
Mr. Barr is a graduate of the University of Ghana, where he obtained his first degree in Economics and Political Science. He briefly worked for the then Department of Trade and Industry before leaving for his postgraduate studies at the University of Nottingham in the UK. He then enrolled at Lincoln’s Inn and was called to the British Bar.
He became Member of Parliament for Kumau in 2003 through a by-election. He left Congress in January 2013. During his tenure as an MP, he chaired nearly all of Parliament’s legal committees and represented Parliament on the Georgina Timber Commission, which investigated the cocaine threat in 2006.
Mr Barr was also a Member of Parliament on the Media Committee and the sole representative of the Ghanaian Parliament in the EU-ACP Joint Parliament in Brussels.
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