MIIF strengthens media engagement, targets long-term value from mineral resources

The Minerals Income Investment Fund (MIIF) has reaffirmed its commitment to transparency and the sustainable management of Ghana’s mineral resources, emphasizing its resolve to deliver lasting benefits for both present and future generations.

Speaking at an Editors’ Forum held at the Accra City Hotel, Chief Executive Officer of MIIF, Mrs Justina Nelson, underscored the Fund’s confidence in its mandate to transform mineral royalties into long-term national wealth through disciplined investment and strong institutional governance.

The forum, which forms part of MIIF’s annual stakeholder engagement strategy, brought together editors and senior journalists to deepen their understanding of the Fund’s operations, legal framework, and strategic direction. It also served as a platform to clarify provisions of the amended Minerals Income Investment Fund Act 978, as revised by Act 1137, and to address misconceptions surrounding the Fund’s work.

Mrs Nelson noted that MIIF remains focused on strengthening accountability and ensuring that mineral revenues are managed in a manner that creates enduring value for the Ghanaian economy. She stressed that transparency is central to the Fund’s operations, particularly in building public trust and promoting informed national discourse on mineral resource governance.

She further highlighted ongoing efforts to reinforce internal systems, including targeted training aligned with amendments to the Public Procurement Act and the Public Financial Management Act. According to her, these measures have strengthened internal controls and helped safeguard the Fund against procurement breaches, positioning MIIF on a more resilient operational footing.

The training session for media practitioners was led by members of MIIF’s senior management, including the Head of Legal, Mr Tuinese Amuzu, Chief Finance Officer, Mr David Awuah Mensah, and Chief Technical Officer, Mr Kwabena Barning. Participants were taken through the amended legal provisions, the Fund’s investment strategy, and its operational framework, equipping them with the necessary context to report accurately on mineral royalty issues.

Providing an update on performance, Mrs Nelson disclosed that MIIF recorded GH₵5.43 billion in mineral royalty inflows in 2025 — the highest since the Fund’s establishment — representing a 10.8 percent increase over the GH₵4.9 billion recorded in 2024. She explained that this achievement came despite a significant appreciation of the cedi against major trading currencies, particularly the US dollar, which impacted projected inflows.

She described the performance as a reflection of disciplined enforcement, strategic oversight, and institutional resolve, adding that it demonstrates the strength and resilience of Ghana’s mineral revenue framework.

Reaffirming the Fund’s broader vision, Mrs Nelson stated that MIIF remains committed to ensuring that Ghana’s mineral wealth is transformed into a strategic national asset that supports economic stability and long-term development.

“We are confident in our mandate. We are also committed to transparency and determined to ensure that Ghana’s mineral wealth delivers enduring value for present and future generations,” she said.