News

The Minerals Income Investment Fund (MIIF) in collaboration with the Public Procurement Authority (PPA), has organized a three-day training programme on the Ghana Electronic Procurement System (GHANEPS) for management and staff of the Fund.

The training, held at the Lancaster Hotel in Accra from Wednesday, January 28 to Friday, January 30, 2026, is in line with the government’s efforts to roll out the system across public institutions to promote transparency, efficiency, and accountability in public procurement.

Designed to build capacity within public institutions, it helped to deepen participants’ understanding of procurement procedures and strengthened their ability to use the GHANEPS platform to carry out procurement activities efficiently and seamlessly.

In a brief remark to close the session, the Director of Capacity Building at the PPA, Mr George Osei-Poku, emphasised the importance of applying the skills acquired during the training in the Fund’s day to day procurement activities.

He urged officers of the Fund to fully adopt GHANEPS for all MIIF procurement activities and indicated that PPA is available to provide support whenever the need arise.

The participants welcomed the training, expressing satisfaction with the facilitators’ practical approach to the training.

They admitted that the GHANEPS platform will help to reduce human intervention in procurement processes, promote fairness, and increase confidence in public procurement.

They observed that the system does not only accelerate the procurement cycle from advertisement to tender opening, but provides an open and accessible platform for suppliers, contractors, and consultants.

It also creates a secure digital audit trail for all transactions, ensuring accountability and transparency at every step.

The Board and Management of the Minerals Income Investment Fund (MIIF) and some members of the Audit Committee have held a Strategy Planning Session as part of ongoing efforts to sharpen the Fund’s strategic focus and align leadership around its priorities for 2026.

Opening the one-day session on Tuesday, January 27, 2026, the Board Chairman, Mr Richard Kwame Asante, reflected on the Fund’s significant achievements, particularly around royalty collections in which targets were exceeded last year and challenged Management to view the successes chalked as a foundation rather than a destination.

Mr Asante used the occasion to commend Management and staff of the Fund, on behalf of the Board, for the strong performance in 2025.

“However, as we all know, strong past performance is not a substitute for sound forward planning and the results now belong to the archives.

The terrain ahead is more complex and more constrained. Expectations are high, resources are tighter, and scrutiny is sharper,” he cautioned.

Mr Asante noted that; “Our collective responsibility, Board and Management alike, is to ensure that MIIF remains strategically focused, financially disciplined, and firmly anchored in its public mandate.

The Chief Executive Officer, Mrs Justina Nelson, called for renewed strategic focus and institutional agility as the Fund navigates a significantly altered operating environment.

She said the meeting marked a critical moment in the Fund’s journey, following major amendments to the Minerals Income Investment Fund Act (Act 978) that have reshaped its mandate and operating framework.

She reminded participants that MIIF was established as a sovereign wealth fund to maximise value from Ghana’s mineral resources in a transparent, responsible and sustainable manner for both present and future generations.

However, she noted that recent legislative changes, particularly the Minerals Income Investment Fund (Amendment) Act, 2025 (Act 1137), have introduced fundamental shifts that require careful strategic recalibration.

Mrs Nelson noted that the Fund enters the 2026 strategy cycle from a position of strength, having recorded strong financial and operational performance in the past year, supported by structural adjustments and managerial realignment.

She cautioned, however, that past successes must not breed complacency, as the road ahead is more complex and demanding.

The CEO acknowledged the insights shared by PriceWaterHouseCoopers (PwC) during the strategy session with a presentation focused on the topic; “Repositioning MIIF as a World-Class Mineral Fund”.

The presentation examined MIIF’s current Assets Under Management (AUM) across equities, alternative investments and money market instruments.

It also benchmarked MIIF against five leading sovereign wealth funds, the Norway Government Pension Fund Global, China Investment Corporation, Abu Dhabi Investment Authority, Kuwait Investment Authority, and the Hong Kong Monetary Authority, highlighting their early Assets Under Management (AUM) growth trajectory, diversified board sub-committees, robust governance frameworks, long-term investment horizons, rigorous risk management, ESG integration, and strong transparency and reporting practices.

Mrs Nelson also expressed gratitude to the various heads of departments of the Fund for their presentations.

The presentations aligned to the Fund’s three strategic pillars: increasing collections; driving investment and sustained growth; and strengthening governance and institutional capacity.

The MIIF CEO indicated that the inputs from PwC and the departmental heads will ensure that the resulting strategy is practical, integrated and executable.

The session featured an engaging question and answer segment, during which Mr Richard Hagan from the Internal Audit Committee offered further insights on good governance practices, while Mr Maxwell Asare-Brewu also from the Internal Audit Committee, proposed measures to explore the establishment of an IT Steering Committee within the Fund.

The Strategy Session featured breakout group discussions, group presentations, and the identification of actionable takeaways to support the effective delivery of MIIF’s strategic pillars during the year.

On Friday, 19 December 2025, the Minerals Income Investment Fund (MIIF) closed the year with a heartwarming End-of-Year break ahead of the Christmas festivities.

The occasion provided staff with an opportunity to pause, reflect, and celebrate a year marked by strong leadership, dedication, teamwork, and collective effort.

The reflective session was facilitated by the Chief Executive Officer, Mrs Justina Nelson, who reviewed the year 2025, acknowledging the Fund’s successes by way of royalties collection as well as return on investments while drawing lessons from the experiences to further strengthen the Fund next year, 2026.

She commended staff for their resilience, professionalism, and unwavering commitment to the Fund’s mandate, emphasizing that every milestone reached was the result of teamwork and shared purpose. She encouraged staff to build on the momentum, strive for excellence, and do even more in the coming year.

Her message concluded with warm wishes for a Merry Christmas and a prosperous New Year.

Other members of Senior Management also took the opportunity to extend goodwill messages, thanking staff for their hard work and wishing everyone a joyful Christmas season. Their remarks reinforced a strong sense of unity, appreciation, and shared responsibility across the organisation.

Beyond the formal engagements, the celebration was filled with warmth and cheer. Staff participated in indoor games, enjoyed music, and broke bread – creating an atmosphere of relaxation, laughter, and friendship.

It was a moment to relax, re-connect, and celebrate the MIIF family spirit that forms the basis of the Fund’s work culture.

Accra, December 18, 2025 – Executives of Gold Fields Ghana met with their counterparts at the Minerals Income Investment Fund (MIIF or the Fund) on Thursday, December 18, 2025, to discuss the operations of the company, potential investment opportunities for the Fund, and areas of collaboration.

The discussions held on December 18, 2025, highlighted the critical role of Gold Fields’ investments in Ghana which accounts for 31% of Gold Fields’ global production.  

The delegation from Gold Fields Ghana Ltd was led by Mr Elliot Twum, Senior Vice President and Managing Director, Ms Emma Morrison, Regional Head, Corporate Affairs, and Mr William Empeh, Head, Human Resource.  

MIIF delegation was led by Mr Kwabena Barning, Chief Technical Officer, and other senior management members.  

Among the many things discussed in the meeting, Mr Twum, in his presentation, stressed on the pillars underpinning their strong track record of operational success, which will continue to drive contributions going forward.

The key success factors, he said, remain the presence of experienced technical and management team, robust organizational governance and Environmental, Social, and Governance (ESG) footprint which he elaborated on further during the discussion, the country’s significant resource potential, and their presence in a tier-one mining jurisdiction.  

“Collectively, these elements reflect their unwavering commitment to sustaining operations and advancing asset development in Ghana,” he added. 

Mr Twum on ESG, reflected on the company’s establishment of Ghana’s first mine foundation, the construction of a US$27 million for a 33km asphalted Tarkwa-Damang road, the US$13 million 10,000-capacity stadium, and rehabilitation of tailings storage into productive farmland.  

These efforts, he noted, earned the company the “Best Green Mine” and “Best Performer in Environmental Management” awards for 2024. 

The MIIF team expressed appreciation to Gold Fields for the engagement, emphasizing  MIIF’s keen interest in exploring future collaboration with Gold Fields through knowledge sharing, capacity building, and any other areas of mutual benefits.  

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