MIIF engages media to deepen understanding of amended law, revenue use

The Minerals Income Investment Fund (MIIF) has intensified efforts to deepen the public’s understanding of its mandate and the strategic investment pillars guiding the Fund over the next three years.

The Fund is also working to enhance transparency and improve understanding of the country’s mineral revenue management regime, following amendments to its governing Act.

Consequently, the Fund held a day’s workshop, dubbed MIIF Editors Forum, in Accra on Wednesday, March 25, 2026, as part of MIIF’s stakeholder engagement strategy to educate participants about the amended portions of the MIIF Act (Act 978) by Act 1137, address misconceptions about its operations to help improve reportage on mineral revenue management.

It brought together seasoned senior journalists and editors to discuss the legal, financial and operational frameworks of the Fund.

The Chief Executive Officer of MIIF, Justina Nelson, said the engagement was aimed at equipping journalists with accurate information to enhance public discourse on mineral revenue.

She reaffirmed the Fund’s commitment to transparency and the prudent management of the country’s mineral wealth to ensure long-term national benefits as it remained focused on transforming mineral revenues into sustainable financial assets for both present and future generations.

“Our mandate remains unequivocal, to transform resource revenues into long-term financial assets that benefit both present and future generations,” she said.

Performance

Touching on royalties collection performance, Mrs Nelson disclosed that the Fund recorded its highest mineral royalty inflow in 2025, exceeding GH¢5 billion in the year under review.

“I feel humbled to report that mineral royalties recorded was GHS5.43 billion, the highest since the inception of the Fund,” she said.

She said the achievement reflected improved monitoring and internal control systems within the Fund, adding that the Fund would continue to strengthen its internal systems and uphold transparency as it pursued its mandate to deliver lasting value from the country’s mineral resources.

Amendment

The Head of Legal at MIIF, Dr Tuinese Edward Amuzu, explained that recent amendments to the Fund’s governing law had significantly redefined its mandate, structure and sources of funding.

He said although the Minerals Income Investment Fund Act, 2018 (Act 978) remained the principal legislation, it had undergone some amendments in 2020 and 2025, culminating in Act 1137.

Dr Amuzu said the amended law now limited the Fund’s total share of royalties receipts to just two per cent of mineral income.

He explained that while earlier provisions allowed MIIF to hold and manage equity interests in mining-related entities, some of those provisions had been removed and modified under the amended Act.

Investment

The Chief Technical Officer at MIIF, Kwabena Barning, said MIIF’s investment portfolio was diversified across all asset classes such as equities, fixed income, alternative investments and cash holdings, with clearly defined allocation limits aligned to global benchmarks.

He said the Fund benchmarked its performance against international standards, including global wealth indices and bond market indices, to ensure competitiveness and efficiency.

“We benchmark what we do against global standards to ensure that our investments are aligned with best practices,” he said.

Mr Barning further said there were several investment opportunities within the mining sector, including advanced exploration projects for gold, lithium and graphite in various parts of the country.

He said exploration spending in the country was increasing steadily, driven by high commodity prices, and was expected to rise further.