Overview & Principles
MIIF’s goal is to maximise the long-term value of Ghana’s income from its mineral wealth for the benefit of future generations. Our purpose is to invest responsibly and transparently to generate prosperity for all Ghanaians.
Principles of Investment
• Build a highly-diversified portfolio across various asset classes for consistent returns through uncertain market cycles.
• Implement strategies to reduce the country’s budgetary exposure to minerals income fluctuations.
• Promote environmentally friendly and sustainable practices in all investees and royalty stream companies.
Assets Under Management (AUM)
The Fund has Assets Under Management (AUM) of over GH¢3.0 billion as of December 31, 2022 from year start value of GH¢1.7 billion, representing about 76% growth over the period. The growth largely was attributed to statutory royalties’ contributions from mining companies and investment income.
Portfolio Targets
MIIF’s portfolio of investments is targeted at maximizing the value of royalties’ income through long term investments in asset classes as specified in the Fund’s Investment Policy Guidelines Statement.
The Fund achieves sustained growth by prioritising co-investment opportunities in the minerals sector value chain. MIIF, through its investment decisions will support small and medium scale players to build institutional capacity and achieve global scale growth.
Equity
International Bonds
Bank Securities & Other Money Markets
Cash
Alternative Investments
Decision-making Process
Following due process to stay ahead of risk is at the heart of MIIF’s investment decisions. A simplified process in line with our Investment Policy and Guidelines is illustrated below.
Income & Investments
The portfolio encompasses minerals royalties due the Republic of Ghana from mining operations, comprising of amounts payable under section 25 of the Minerals and Mining Act, 2006 (Act 703) (“MMA”); and any other royalty payable by a mining company to the Republic whether or not linked to the value of extracted minerals in respect of mineral production in terms of any agreement entered into between a mining company and the Republic or any agency of the Republic pursuant to section 48 or 49 of the MMA or equivalent legislation.
