By Edward Acquah
Accra, Sept. 3, GNA – The Minerals Income Investment Fund (MIIF) is targeting about nine billion Ghana cedis in mineral royalty receipts by the end of 2026.
Mrs Justina Nelson, the Chief Executive Officer of MIIF, said the Fund had recorded GH¢5.3 billion in royalty receipts in the first half of 2026, putting it on course to surpassing previous performances.
She disclosed this on Wednesday during a courtesy call by Chief Justice Paul Baffoe-Bonnie on the Fund in Accra as part of his institutional visits.
Mrs Nelson said MIIF recorded a 5.4 per cent improvement in royalty performance in 2025, compared with 2024, while its income for the year reached GH¢1.1 billion.
She said the Fund also recorded GH¢2 billion in royalties in the first half of 2025, describing the latest performance as part of efforts to position state-owned enterprises for greater efficiency and profitability.
Mrs Nelson said MIIF was mandated not only to mobilise and monetise mineral royalties for the Republic but also to invest in the mining value chain through equities, fixed income, and alternative investments.
The Fund was also paying attention to environmental, social and governance issues in the mining sector, particularly the threat posed by illegal mining to Ghana’s environment and water bodies.
Mrs Nelson said the Judiciary’s expertise could be valuable to MIIF as it expanded its investment activities, particularly in providing legal opinions and advice on the structuring of transactions.
Chief Justice Baffoe-Bonnie commended MIIF for its performance, saying the achievements demonstrated that effective management and prudent use of public resources could produce significant results.
“Two per cent has yielded so much. I don’t know how,” he said, referring to the statutory allocation available to MIIF.
He urged the management to sustain the approach that had produced the results, saying integrity, collaboration and the desire to leave a positive legacy were important to public service.
The Chief Justice also highlighted the need for specialised courts to deal with illegal mining (galamsey) and related cases, saying the Judiciary could contribute to national efforts to address the menace.
Illegal mining, he said, had become a major national concern, with significant implications for Ghana’s environment, water bodies and communities, and called for stronger institutional collaboration to address the problem.
Mr Richard Kwame Asante, Board Chairman of MIIF, said illegal mining had serious environmental, economic and governance implications and welcomed the proposal for specialised courts.
“At MIIF, we believe that the fight against illegal mining requires an all-hands-on-deck approach,” he noted.
The Fund, he said, recognised the importance of transparency, accountability, integrity, professionalism and respect for the rule of law in managing public resources.
The MIIF was established under the Minerals Income Investment Fund Act, 2018 (Act 978), as amended, to manage and maximise the value of mineral royalty and dividend income accruing to Ghana.
Its mandate includes mobilising and monetising mineral royalties, supporting government in addressing budgetary shortfalls and investing proceeds in the mining value chain to generate sustainable returns for current and future generations.
GNA
Edited by Agnes Boye-Doe
Reporter: Edward Acquah