Ghana: MIIF collects historic GH¢5.43bn in mineral royalties

The Minerals Income Investment Fund (MIIF) recorded exceptional performance in mineral royalty collections during the 2025 financial year.

New data showed that total royalty receipts reached a record GH₵5.43 billion, representing a 10.8% increase from the GH₵4.90 billion recorded in 2024.

The landmark achievement marks the highest royalty collection since the Fund’s inception and underscores robust operational efficiency and favorable market conditions.

The strong performance in 2025 is attributable to a combination of strategic initiatives and favorable market dynamics including the implementation of rigorous nationwide monitoring protocols across all mining operations to ensure strict compliance with royalty payment obligations.

This proactive enforcement mechanism significantly reduced payment delays and improved collection efficiency.

Again, international gold prices remained elevated throughout the year, positively impacting royalty valuations. The sustained high pricing environment created favorable conditions for increased revenue generation from gold mining operations.

Gold Remains Anchor

Available data showed that large-scale gold mines continued to underpin Ghana’s mineral revenue base as royalty receipts from the segment rose to GH₵5.1 billion in 2025, compared to GH₵4.7 billion in 2024, representing an increase of nearly GH₵394 million.

The strong performance reflects MIIF’s strong monitoring of the mines, collaboration with other stakeholders such as Minerals Commission and the Ghana Revenue Authority as well as elevated global gold prices throughout 2025 and expanded output, including production from Newmont Ahafo North Mine and Cardinal Namdini.