Press Releases

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.

Manganese Gains Momentum

The manganese subsector emerged as one of the year’s strongest performers outside gold. Royalty receipts increased to GH₵212 million in 2025, up from GH₵186 million in 2024, representing growth of approximately 14.4%.

The increase was driven by higher production volumes and improved compliance with royalty obligations.

Other minerals

The other minerals such as granite, limestone, sand and salt which contribute just about one per cent to the total royalty receipts, fell slightly below the annual target.

The reasons include competitive pricing pressures across quarry operations which compressed margins and reduced royalty accruals.

Others include restricted access to Sahelian regions which are key export destinations for Ghanaian salt), sharp decline in salt prices per bag, importation of salt from other countries and unfavorable weather conditions within the year under review.

Outlook

The 2025 performance highlights the resilience of Ghana’s mineral revenue base, anchored by gold and increasingly supported by improved manganese output.

The Chief Executive Officer of the Fund, Mrs Justina Nelson, described the performance as welcoming and inspiring.

“It is a significant milestone, as this marks the first time since the Fund’s inception that royalty inflows have exceeded the GHS5 billion threshold, achieved despite challenging conditions,” Mrs Nelson touted.

She noted that with total receipts surpassing GHS5.43 billion in 2025, the Fund has entered 2026 on a stronger revenue footing.

The MIIF CEO explained that 2025 began with the dollar trading at about GHS17, the rate used for projections on large-scale gold royalties. However, as the year progressed the cedi strengthened to about GHS12 to a dollar. Despite the cedi appreciation, the Fund still recorded GHS5.43 billion in royalties in 2025, up from GHS4.90 billion in 2024 when the exchange rate was around GHS17 to a dollar.

Mrs Nelson said MIIF will continue to collaborate with other state agencies such as the GRA and Minerals Commission to enhance compliance enforcement.

She added that the Fund was determined to further tighten internal controls, expand field monitoring and encourage higher production across the extractive sector in a quest to exceed the receipts for last year.

Mrs Nelson pledged the commitment of the Fund to remain focused on its mandate and ensure that Ghana’s mineral wealth continues to benefit present and future generations.

The Minerals Income Investment Fund (MIIF) has joined global industry leaders at the ongoing Prospectors & Developers Association of Canada (PDAC) Convention 2026 in Canada, to position Ghana as a preferred destination for responsible and sustainable mining investment.

The convention, which commenced on March 1 and ends on March 4, 2026, is being held at the Metro Toronto Convention Centre.

Since its establishment in 1932, PDAC has grown into one of the world’s most influential mining platforms, attracting more than 30,000 participants from over 135 countries annually.

MIIF’s delegation includes Hon. Alfred Okoe Vanderpuije, Member of Parliament for Ablekuma South and Board Member of the Fund; the Chief Executive Officer, Mrs Justina Nelson; the Chief Technical and Operations Officer, Mr Kwabena Barning; the Head of Investment, Mr Ernest Attiso; and two other officials of the Fund.

Climate Risk and Sustainable Finance

A dominant theme at the four-day event is the growing integration of climate risk into mining finance.

Speakers said extreme weather patterns, evolving regulatory frameworks, and carbon pricing mechanisms are now central considerations in financial modelling, with Environmental, Social and Governance (ESG) metrics increasingly guiding capital allocation decisions.

Sustainable finance instruments, including sustainability-linked bonds and blended finance structures, were highlighted as emerging funding tools.

With the global sustainable bond market estimated at over US$1 trillion annually, investors are increasingly prioritising projects that deliver measurable environmental and social impact alongside financial returns.

Social Licence and Community Impact

Beyond capital mobilisation, securing a social licence to operate featured prominently in discussions.

Mining ventures that align investor returns with local prosperity through proactive community engagement and shared-value initiatives were described as more resilient, investable, and sustainable in the long term.

Implications for Ghana

Mrs Nelson noted that MIIF has strengthened climate-risk assessments within its due diligence framework to enhance its attractiveness to ESG-aligned global capital. She further indicated that the Fund is exploring corridor-level financing models across Ghana’s gold, lithium, manganese, and graphite belts.

According to her, MIIF is embedding community prosperity and stakeholder alignment into long-term investment planning, reflecting the global shift toward responsible, inclusive, and sustainability-driven mining practices.

As the convention draws to a close, one message resonates strongly: the future of mining will belong to institutions that successfully balance financial returns with environmental resilience and social alignment.

Observers note that Ghana is well positioned to play a leading role in this transition, signalling a new era of sustainable and socially responsible mining for the country

The Chief Executive Officer of the Minerals Income Investment Fund (“MIIF” or the “Fund”), Mrs Justina Nelson, has called on women leaders in the financial services sector to embrace resilience, discipline and innovation as tools to transform adversity into sustainable organizational or national value.

She explained that difficult moments should not weaken leaders, but strengthen their resolve to lead with courage, clarity and purpose, adding that resilience helps women in leadership remain focused to create lasting benefits even when they are under pressure.

Speaking at the maiden Women in Finance Summit in Accra, held under the theme “Turning Obstacles into Gold: Unlocking Resilience and Leadership in Finance,” the MIIF CEO described resilience as a leadership imperative rather than a personal attribute, particularly in times of uncertainty and institutional change.

Addressing a gathering of senior executives, professionals and emerging leaders, she said her appointment to lead MIIF coincided with a period of significant changes, including amendments to the MIIF Act that reduced the Fund’s statutory share of mineral royalties from 77.6 per cent to 2 per cent, alongside a transition in political administration and expectations associated with a woman assuming leadership of the Fund.

“These circumstances could easily have been perceived as setbacks.

However, leaders who remain steady under pressure are better positioned to make sound decisions, inspire confidence, and guide their institutions through complexity,” she noted.

Mrs Nelson, who is credited for bringing major structural and institutional transformation to MIIF in the last 12 months, stressed that transforming obstacles into opportunities requires a deliberate mindset shift, mental toughness and the ability to see setbacks as learning curves rather than failures.

According to her, resilience is built intentionally through self-awareness, transparent communication, adaptability and continuous learning, both at individual and institutional levels.

Reflecting on her professional journey, the MIIF CEO recounted her early career at Zenith Bank, where values such as discipline, integrity and excellence shaped her leadership philosophy.

With over 23 years of experience in banking and financial services, including 19 years in senior roles at Zenith Bank (Ghana) Limited, she said her exposure to compliance, risk management and decision-making under uncertainty continues to inform her stewardship of public resources.

She described leadership as stewardship, particularly in the management of Ghana’s mineral revenues, which carry both economic promise and social responsibility.

She noted that MIIF’s mandate to maximise value from mineral resources for present and future generations demands transparency, accountability and sustainability in all investment decisions.

On recent institutional reforms at MIIF, the CEO said strengthening governance systems, clarifying roles and integrating risk management, compliance and environmental, social and governance (ESG) considerations have been central to building a resilient and credible Fund.

“These reforms have translated into growth,” she disclosed, adding that MIIF recorded the highest growth in royalty inflows since its inception, even amid macroeconomic adjustments and currency appreciation.

Mrs Nelson further indicated that the Fund achieved improved profitability, generating meaningful returns for both current and future generations despite reduced inflows.

Touching on the government’s RESET Agenda, the CEO challenged leaders in finance to look beyond financial returns to broader national impact, asking critical questions about sustainability, intergenerational equity and community value creation.

“The true test of leadership is not performance in stable times, but focus, clarity and character under extreme conditions,” she said, urging women leaders to build institutions that endure beyond individuals and promote inclusive growth while preserving wealth for future generations.

Consequently, Mrs Nelson encouraged continued dialogue on how leadership decisions today can be transformed into sustainable prosperity for Ghana, calling on women in finance to lead with courage, integrity and purpose.

The Women in Finance Summit brought together stakeholders from across the financial services sector to celebrate women leadership, share experiences and explore strategies for building resilience and advancing inclusive leadership in finance.

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Mrs Justina Nelson, has undertaken a familiarisation visit to selected quarry sites as part of efforts to strengthen engagement within Ghana’s quarry industry.

The visit, held on Wednesday, February 25, 2026, forms part of the Fund’s 2026 stakeholder outreach strategy. It provided MIIF’s leadership with first-hand insight into operational performance, regulatory compliance, and Environmental, Social and Governance (ESG) practices across the sector.

Beyond inspection, the tour, the first of the year, was aimed at reinforcing strategic partnerships with operators, affirming MIIF’s active oversight role, and positioning the Fund as a committed long-term investment partner within Ghana’s quarry and broader mining value chain.

The delegation toured the facilities of Regimanuel Concrete Products Limited in Ablekuma, as well as Massey Stone Ghana Limited and Eastern Quarries Limited at Shai Hills.

Mrs Nelson was accompanied by the Chief Technical Officer, Mr Kwabena Barning; Acting Head of Technical and Operations, Nana Abaka Tandoh; and other senior officials of the Fund.

Officials of the Commercial Quarry Operators Association, including Chairman Ebenezer Mireku and Secretary Georgina Dziwornu, also participated in the engagements, underscoring the importance of the visit and providing a platform for operators to directly present their concerns and perspectives to the Fund.

Briefing the media after the tour, Mrs Nelson disclosed that plans are underway to establish an intergovernmental task force to address persistent encroachment and compliance challenges confronting quarry operators nationwide.

She explained that the initiative forms part of renewed efforts to safeguard mineral concessions, improve royalty mobilisation, and promote sustainable operations within the extractive sector.

The proposed task force, working in collaboration with the Ghana Revenue Authority (GRA) and the Minerals Commission, will be deployed more frequently to monitor activities in the field and strengthen regulatory enforcement.

The initiative will also involve closer engagement with Metropolitan, Municipal and District Chief Executives (MMDCEs) to curb encroachment on legally acquired quarry concessions and protect investments in the sector.

Ghana’s Minerals Income Investment Fund (MIIF) has signalled a strategic expansion of its mandate beyond royalty collection within the country, aiming to pursue regional co-investment initiatives and position itself more prominently within the sovereign wealth landscape in the sub-region.

The Chief Executive Officer (CEO) of the Fund, Mrs Justina Nelson, said MIIF was recalibrating its strategy to maximise mineral income and deploy it more competitively across diversified assets.

“Our setup is to maximise the value of income due to the Republic of Ghana. But beyond mobilising royalties, we are focused on monetising these flows prudently and investing them to create long-term value for Ghana,” she said in her presentation at the Ghana Day during the 2026 African Mining Indaba in Cape Town, South Africa on February 11.

The Ghana Day served as a high-impact investment platform, positioning Ghana as a stable and forward-looking mining destination while showcasing the country’s commitment to responsible resource development, regulatory transparency, and long-term value creation.

Against the backdrop of rising global demand for minerals, the event attended by a large number of people from across the continent, provided MIIF and others, an opportunity to engage international investors, industry leaders, and strategic partners through focused discussions on policy reforms, investment incentives, and opportunities across the mining value chain, from exploration to value addition and downstream industrialisation.

Mrs Nelson noted that Ghana recorded significant mineral royalty inflows in 2025, creating an opportunity for MIIF to diversify its portfolio across equities, fixed income and alternative investments in line with its mandate to generate sustainable, long-term returns for the Republic.

“At the core of our priorities is sustainability. It is not just about collecting royalties. It is about how we invest them responsibly, competitively and transparently to benefit current and future generations,” she added.

She further outlined plans for 2026 to pursue co-investment partnerships with other sovereign wealth and mining-focused growth funds across the sub-region.

“There is no shortage of opportunity in the mining space. What is required is collaboration, strong governance and trust.

We are positioning MIIF as a world-class sovereign investor ready to partner across the region,” Mrs Nelson stated.

Investment destination

Ghana’s High Commissioner to South Africa, His Excellency Benjamin Kofi Quashie, described Ghana as a stable and predictable investment destination, urging investors to take advantage of the country’s reform-driven economic environment.

“Ghana stands as a beacon of stability and opportunity in West Africa. We are committed to creating a conducive atmosphere for investors to make informed and confident decisions,” he said.

Commitment

For his part, the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, reaffirmed government’s commitment to strengthening the mining sector’s regulatory and institutional framework.

“We seek not just capital, but ethical and innovative partners committed to long-term value creation”.

Ghana is open for business, and we are determined to ensure a win-win partnership for investors, communities and the nation,” he noted.

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Mrs. Justina Nelson, has called for stronger collaboration, smarter regulation, and catalytic African capital to unlock the next wave of mining projects on the continent.

She made these remarks at a CEO Roundtable Discussion held during the Ministerial Symposium of the African Mining Indaba 2026, on Sunday, 8 February 2026, at the Cape Town International Convention Centre (CTICC) in Cape Town, South Africa.

The high-level session, themed “Financing a New Wave of Mining Projects in Africa – Innovation, Regulation & Collaboration,” brought together policymakers, sovereign wealth fund leaders, investors, and industry executives to examine how Africa can develop bankable, scalable, and sustainable mining projects.

Mrs. Nelson participated in the discussion alongside Hon. Yakubu Mohammed, MP for Ahafo Ano South and a Member of MIIF’s Governing Board and Mr. Kwabena Barning, the Chief Technical Officer of MIIF.

Addressing Financing Barriers in African Mining

Contributing to discussions on financing early-stage mining projects, the MIIF CEO highlighted key challenges facing the sector, including geopolitical risks, regulatory uncertainty, infrastructure deficits, and weak project pipelines.

She noted that while global capital is available, Africa faces a shortage of bankable, investment-ready mining projects, particularly at the early stages. Mrs. Nelson stressed the importance of sovereign wealth funds and development finance institutions playing a catalytic role by taking early positions to de-risk projects and crowd in private investment.

“There is no shortage of capital globally. What Africa needs are de-risked, feasibility-ready projects that investors can confidently support,” she emphasised.

Role of African Institutional Capital

Mrs. Nelson underscored the critical role African institutional investors, such as sovereign wealth funds and pension funds can play as strategic co-investors rather than dominant players. According to her, institutions like MIIF bring long-term capital, governance discipline, and credibility that help improve project bankability and investor confidence.

She further highlighted the importance of structured partnerships, platform investments in shared infrastructure, and blended financing models to support sustainable mining development without distorting markets.

Digitalisation, AfCFTA and Regional Value Addition

The MIIF CEO also pointed to digital cadastral systems and transparent geological data as essential tools for attracting exploration capital and reducing investment risk. She cited Ghana’s policy reforms, including the removal of VAT on exploration inputs, as examples of how regulatory clarity can stimulate investor interest.

On regional integration, Mrs. Nelson emphasised the opportunities presented by the African Continental Free Trade Area (AfCFTA) to harmonise standards, pool infrastructure, and develop regional processing hubs that are economically viable and attractive to large-scale investors.

Strengthening Public–Private Collaboration

Discussions at the roundtable further focused on effective public–private partnership models. Mrs. Nelson advocated a pragmatic risk-sharing framework where governments assume infrastructure and regulatory risks, while private investors focus on operational and technological execution.

She highlighted successful examples from Ghana, including power infrastructure partnerships that have improved the bankability of mining and processing projects.

MIIF’s Commitment

The participation of MIIF at the African Mining Indaba 2026 reinforces the Fund’s commitment to maximising the value of Ghana’s mineral wealth, supporting sustainable mining investments, and advancing Africa’s broader industrialisation agenda.

The Minister for Lands and Natural Resources, Emmanuel Armah Kofi Buah, has said Ghana is adopting a deliberate investment-led approach to the management of its mineral resources through the Minerals Income Investment Fund (MIIF).

The approach, he said is aimed at enabling the country to participate more meaningfully in the mineral value chain while ensuring long-term national benefits from the sector.

He explained that rather than relying solely on royalties and taxes, the MIIF framework seeks to leverage mineral revenues to build a diversified portfolio of strategic investments that support sustainable economic growth.

“Through MIIF, Ghana is deliberately taking an investment perspective to mineral resources. It allows us to participate more meaningfully in the value chain by investing mineral revenues in assets that can generate sustainable returns for the country,” the Minister said.

Conference

Mr Buah said this during a panel discussion on the topic: “How close is Africa to real regional and continental integration?” at the 32nd Africa Mining Indaba in Cape Town.

The four-day conference on the theme: “Stronger Together: Progress Through Partnerships”, brought together governments, mining companies, investors, and financiers from across the global mining value chain to explore investment partnerships, policy reforms and the future of mining across the continent.

He explained that the Fund was established to enable the state to take equity positions in mining-related ventures, including infrastructure and downstream opportunities, thereby crowding in private capital while reducing the country’s dependence on traditional fiscal instruments such as taxes and royalties.

According to the Minister, this model strengthened investor confidence by signalling Ghana’s long-term commitment to the sector.

“Investors want predictability and seriousness of purpose. An institution like MIIF demonstrates that Ghana is not only regulating the sector, but also investing alongside partners for mutual benefit,” he stated.

Mr Buah further indicated that MIIF’s mandate aligned with Ghana’s broader industrialisation and regional integration agenda, particularly within the Economic Community of West African States (ECOWAS), where cross-border mineral value chains and shared infrastructure are increasingly being discussed.

“There is strong potential for mineral-linked investments that cut across borders. Investment vehicles such as MIIF can support regional projects where individual national markets may be too small, but collectively become viable,” he said.

Touching on governance, Mr Buah stressed that investment must be underpinned by regulatory certainty, credible geological data and responsible environmental management, noting that these elements were critical to attracting patient capital into the sector.

On illegal mining, he reiterated government’s commitment to protecting legitimate investments while pursuing a balanced approach that combines enforcement with community engagement and formalisation.

The Minerals Income Investment Fund (MIIF) has begun its participation at the African Mining Indaba 2026 with a series of high-level engagements aimed at strengthening partnerships, attracting investment, and advancing sustainable mining practices. The engagements followed the official opening of the conference at the Cape Town International Convention Centre (CTICC), one of the largest global platforms for mining dialogue and investment.

The 2026 edition of the Africa Mining Indaba brings together thousands of delegates from governments, mining companies, financial institutions, and development partners to discuss the future of mining in Africa. This year’s conference is being held under the theme “Stronger Together: Progress Through Partnerships,” highlighting collaboration as a critical driver of sustainable development across the sector.

The conference was formally opened on Monday, February 9, 2026, by the Executive Mayor of Cape Town, Geordin Hill-Lewis, who welcomed delegates to the city and underscored mining’s importance to Africa’s long-term development.

In his address, the Mayor emphasised the role of mining in building resilient economies, supporting the global energy transition, and delivering inclusive growth across the continent.

He called for closer collaboration between governments, investors, and industry players, stressing that Africa’s mineral wealth must be transformed into shared prosperity through partnership-driven approaches. The Mayor also highlighted the need for predictable regulatory frameworks, strong institutions, and government-led infrastructure development to support investor confidence.

Concluding his remarks, Mayor Hill-Lewis drew on an African proverb to reinforce the central theme of unity and collective responsibility, stating: “The one who joins the hand has the right to the meat.” The message resonated strongly with delegates, reflecting the conference’s emphasis on cooperation as a pathway to sustainable outcomes.

With the conference officially underway, the Minerals Income Investment Fund (MIIF) commenced its programme of activities on Monday, launching a packed schedule of strategic meetings with mining companies, investors, and financial institutions. The engagements were led by the Fund’s Chief Executive Officer, Mrs Justina Nelson, with support from Board Members Hon. Yakubu Mohammed, MP for Ahafo Ano South-east, and Ms Ama Mawusi Mawuenyefia, as well as the Chief Technical Officer, Mr Kwabena Barning, and the Head of Investment, Mr Ernest Attiso. The discussions focused on identifying partnership opportunities that align strong commercial returns with Ghana’s national development priorities.

Among the key engagements were meetings with Asanko Gold Mine Ghana Limited, AngloGold Ashanti Ghana Limited, and Gold Fields Ghana Limited. Discussions centred on potential collaboration in areas such as streaming arrangements, foreign exchange considerations, sustainability initiatives, and environmental, social and governance (ESG) integration. The conversations reflected MIIF’s mandate to play a catalytic role in Ghana’s mining sector while supporting responsible investment practices.

Beyond financial considerations, the meetings placed strong emphasis on environmental stewardship. The companies expressed commitment to working with MIIF’s ESG and Sustainability teams to support the reforestation of mined-out areas, reinforcing shared responsibility for land restoration and long-term environmental management.

Social impact also featured prominently in the discussions. The companies reaffirmed their support for MIIF’s Women from Mining Communities (WomCom) Scholarship Programme, pledging collaboration on STEM education initiatives aimed at increasing opportunities for women and girls in mining communities. The programme seeks to expand female participation in technical and leadership roles within the mining sector.

By the close of activities on Monday, MIIF had established a strong presence at African Mining Indaba 2026. The Fund’s early engagements translated the conference’s call for partnership into tangible discussions, positioning MIIF as a key national institution committed to balancing investment performance with environmental responsibility and inclusive growth.

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.