Mineral royalties surge across all sub-sectors - Gains in gold, manganese despite production declines
The country’s mineral revenue outlook is showing strong momentum in 2025, with new data from the Minerals Income Investment Fund (MIIF) revealing significant growth in royalty payments across all major mining segments for the first three quarters of the year.
Collections from the mining sub-sectors amounted to over $300 million, with the sand winning and quarry sub-sectors contributing GH¢13.58 million.
The figures highlight strengthened regulatory compliance, improved production in key minerals and sustained investor confidence in the country’s mining sector.
Large-scale gold mining remained the dominant driver, posting royalties of $291.87 million as of the end of September 2025, a 40.18 per cent increase from the $208.20 million collected within the same period last year.
The mid-tier gold mining segment — made up of players smaller than the larger producers, but larger than small scale mines — also recorded impressive growth, with royalties rising from GH¢40.61 million between January and September last year to GH¢59.44 million in 2025, representing a 46.38 per cent jump.
A standout performer was the manganese sector, which achieved a remarkable 170 per cent increase in royalty receipts.
Payments increased from $4.72 million in 2024 to $12.75 million in 2025, driven by improved production and stronger compliance by operators.
The quarry industry added to the positive trend, recording a 13.12 per cent rise in royalties from GH¢11.62 million to GH¢13.15 million, while the sand mining sub-sector saw a 21.48 per cent increase, climbing from GH¢364,998.58 to GH¢433,406.41 in the same periods under review.
Strong motivation
Commenting on the performance, the Chief Executive Officer of MIIF, Justina Nelson, described the results as both encouraging and a strong motivation for the Fund to deepen its work with the mining industry.
“We will not rest on our oars even with this achievement because we know there is more work to be done to end the year, and in the years ahead,” she stated.
Mrs Nelson stated that MIIF would continue to engage stakeholders across the mining value chain to ensure operators remained fully compliant and committed to their obligations, while working with inter-agencies to sustain the growth.
Bright outlook
Mrs Nelson expressed optimism that the Fund would close the year on a stronger footing, having recorded remarkable performance in royalty receipts during the first three quarters.
She further pledged the Fund’s unwavering commitment to stay focused on its mandate and ensure that Ghana’s mineral wealth continued to benefit both present and future generations.
