GHEITI Pays Courtesy Call on MIIF to Strengthen Collaboration on Transparency and Accountability in Ghana’s Extractive Sector

The Ghana Extractive Industries Transparency Initiative (GHEITI) has paid a courtesy call on the Minerals Income Investment Fund (MIIF) to deepen collaboration and promote transparency, accountability, and value creation in Ghana’s extractive sector.

The meeting, held at the MIIF Head Office in Accra on Monday, October 6, brought together officials from both institutions to explore avenues for collaboration aimed at enhancing governance and improving reporting mechanisms within Ghana’s mineral revenue management framework.

Welcoming the delegation, the Chief Executive Officer of MIIF, Mrs. Justina Nelson, reaffirmed the Fund’s commitment to transparency, responsible investment, and maximizing value from Ghana’s mineral wealth for the benefit of current and future generations. She emphasized that MIIF’s mandate is to prudently invest mineral income accruing to the Republic to ensure sustainable returns for the country, adding that partnerships such as this are vital to improving governance and ensuring that the mineral value chain benefits all Ghanaians. Mrs. Nelson also highlighted MIIF’s ongoing efforts to enhance internal structures and investment frameworks to safeguard public resources and strengthen accountability.

Speaking on behalf of GHEITI, the Co-Chair, Dr. Steve Manteaw, explained that the purpose of the visit was to engage the new MIIF management and realign stakeholder roles under the Extractive Industries Transparency Initiative (EITI) framework. He reiterated GHEITI’s mission to promote openness in the management of revenues from Ghana’s oil, gas, and mineral sectors to ensure that the country’s natural resource wealth translates into sustainable national development.

Dr. Manteaw commended MIIF for the progress made in royalty collection and investment oversight, urging the Fund to continue improving transparency, particularly in reporting dividends, royalty inflows, and investment decisions. He emphasized GHEITI’s commitment to working with stakeholders to close information gaps, reduce leakages, and empower citizens to demand accountability in the management of resource revenues.

The discussions also explored the need to strengthen legal and institutional frameworks governing mineral revenue management, improve coordination between MIIF, the Ministry of Finance, and other extractive sector agencies, and encourage local content and value addition across the mining value chain. Both institutions also emphasized the importance of integrating Environmental, Social, and Governance (ESG) principles into investment decisions to ensure sustainability.

At the end of the meeting, both MIIF and GHEITI expressed their commitment to continue working closely to ensure transparency, strengthen governance, and drive sustainable investment in Ghana’s extractive sector.