President Akufo-Addo has appointed Mr Michael Asare Bediako as the Chief Executive Officer (CEO) of the Millennium Development Authority (MiDA) in accordance with Article 195 (1) of the Constitution and Section 15 (2) of the Millennium Development Authority Act, 2006 (Act 702).
The appointment is contained in a letter dated 12 September 2024 and signed by the secretary to the President, Nana Bediatuo Asante, and copied to the Vice President, Chief of Staff, Minister for Finance, Minister for Food and Agriculture, Minister for Trade and Industry, Minister for Local Government, Decentralisation, and Rural Development, Chairperson of the Public Service Commission and the Board chairperson of the Millennium Development Authority.
Michael’s appointment is for a period of four (4) years, effective 11 September 2024.
Profile:
Michael Asare Bediako hold a Masters in Public Administration from the Harvard University Kennedy School of Government, United States, MSc in International Finance from the University of Amsterdam Business School, B.A. in Law and International Relations and LLM in Corporate and Commercial law from the Maastricht University, in The Netherlands.
He is described as a dynamic CEO of a multinational alternative asset manager passionate about green and early brown stage opportunities that drive sustainable development, with a strong track record as a Board Member, co-founder and Executive Director of various impactful ventures, combined with experience as a Special Assistant and Technical Advisor to the Finance Minister.
Mr Bediako has served in various roles including; Board Member, Ministry of Youth and Sports Advisory Board, Ghana, Chairperson of the Board, Ghana Heritage Foundation (GHF) Worcester, Massachusetts, United States, CEO, Africa Firm LLC. Accra, Ghana, Guest Lecturer, University of Ghana School of Law [Part-time], Accra, Ghana, Senior Policy Advisor, National Development Planning Commission (NDPC)-Accra, Ghana [Part-time], Special Assistant and Technical Advisor to the Finance Minister (Feb 2017-November 2021), Ministry of Finance, Ghana, among others
Following the President’s directives, MiDA will now pivot towards third main objectives: managing other national development programmes, including those funded by the Government of Ghana, Development Partners, or both. MiDA’s expanded mandate includes oversight and Management of National Development Programmes.
MiDA will oversee and manage large-scale development programmes beyond the Millennium Challenge Compacts. This will include the Government of Ghana’s flagship projects and donor-funded initiatives that align with MiDA’s expertise. Three key programmes to be managed by MiDA under this new mandate are the Economic Enclaves Project (EEP), Digital Youth Villages and the Ghana Cares “Obaatanpa” Programme.
MiDA has been designated the coordinating entity for the Economic Enclaves Project, a large-scale agricultural initiative aimed at facilitating the participation of private sector investors and de-risking commercial farming operations.
In this capacity, MiDA will coordinate efforts among key governmental ministries, including the Ministries of Food and Agriculture, Energy, and Roads and Highways, collaborate with the Ghana Armed Forces, particularly the 48 Engineer Regiment for land development and with the Ghana Irrigation Development Authority for land surveys and irrigation infrastructure and ensure access to agricultural equipment, certified seeds, and other essential inputs.
The Digital Youth Village (DYV) which is another area MiDA will be championing aims to create an enabling environment and a dedicated address for accelerating digital entrepreneurship growth among Ghana’s youth.
The initiative focuses on key areas such as entrepreneurship, funding innovation, developing digital skills, and forming industry partnerships in agritech, fintech, edutech, health tech, and retail tech. MiDA will act as the Digital Youth Village (DYV) coordination and programme management office.
MiDA’s responsibilities include; Construction supervision and reporting, coordination of the innovation operating model, development of a sustainable funding model, stakeholder management.
MiDA will also oversee the implementation phase of the Ghana Cares “Obaatanpa” Programme, an economic revitalisation initiative launched in 2020. MiDA’s responsibilities include: Ensuring the alignment of all activities related to the programme’s economic recovery goals, managing partnerships with the Ministry of Finance and other relevant stakeholders to achieve the desired economic outcomes.
“Passionate about driving sustainable development through green and early brown stage opportunities, I am a seasoned CEO with a proven track record in the alternative asset management industry”.
My professional journey includes pivotal roles as a Board Member, co-founder, and Executive Director of various impactful ventures. Additionally, I have served as a Special Assistant and Technical Advisor to the Finance Minister, leveraging my expertise to influence policy and drive financial innovation”.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
