MIIF Targets Stronger Growth in 2026 After Surge in Mineral Royalties

The Minerals Income Investment Fund (MIIF) has signalled plans to build on the gains recorded in 2025 and further strengthen its position as a world-class sovereign wealth fund in 2026, according to its Chief Executive Officer, Mrs. Justina Nelson.

In a New Year message, Mrs. Nelson said the Fund would work closely with stakeholders to consolidate institutional reforms, sustain strong financial performance and deepen value creation for both current and future generations.

“Last year marked a defining phase in our transformational journey, delivering strong institutional reforms aligned with the standards of a world-class sovereign wealth fund,” she said.

In 2026, together with our stakeholders, we will build on the successes of 2025, strong financial performance, robust internal systems, sound compliance and risk management, and strategic investments that secure value for both present and future generations.

The message, shared on MIIF’s official social media platforms, follows what the Fund described as a successful year characterised by improved governance structures and rising mineral royalty receipts.

Ghana’s mineral revenue outlook showed strong momentum in 2025, with royalty payments increasing across major mining segments during the first three quarters of the year. The growth reflected improved regulatory compliance, higher production levels in key minerals and sustained investor confidence in the sector.

Large-scale gold mining remained the single largest contributor to mineral royalties, generating US$291.87 million by the end of September 2025. This represents a 40.18 percent increase from the US$208.20 million recorded over the same period in 2024.

Mid-tier gold mining also recorded significant growth, with royalty inflows rising to GH¢59.44 million between January and September 2025, compared with GH¢40.61 million in the corresponding period of 2024 — a 46.38 percent increase.

Manganese registered the sharpest growth in percentage terms, as royalty receipts surged by 170 percent to US$12.75 million in 2025, up from US$4.72 million a year earlier. The increase was attributed to higher production volumes and stronger compliance.

The quarry industry contributed to the overall gains, with royalties increasing by 13.12 percent to GH¢13.15 million, while sand mining royalties rose by 21.48 percent to GH¢433,406.41 during the period under review.

MIIF said the positive performance reinforces its mandate to optimise mineral-derived revenues through disciplined investment, strong governance and long-term value creation, as it positions itself for sustained growth in the years ahead.

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