MIIF, GhIB explore partnership for mining sector growth

The Minerals Income Investment Fund (MIIF) and Ghana International Bank (GHIB) have initiated talks to explore a strategic partnership aimed at expanding investment and financing opportunities in Ghana’s mining sector.

This follows a courtesy visit by a delegation from GHIB, led by its newly appointed Chief Executive Officer, Mr. Ian Greenstreet, to MIIF Chief Executive Officer, Mrs. Justina Nelson to explore areas of mutual interest that could deepen investment in Ghana’s mineral economy.

Discussions centred on mineral revenue investments, structured finance for mining and mineral value chain projects, trade finance for mining-related exports and imports, diaspora and international investor engagement, and collaboration to connect bankable mining projects with global capital.

It comes at a time that MIIF has positioned itself as a key institution in Ghana’s mineral investment strategy space, leveraging partnerships with international financial institutions to unlock long-term value from the country’s natural resources.

Speaking during the meeting, Mrs. Nelson said the relationship between MIIF and GHIB provides a strong foundation for expanding collaboration into the mining sector.

“We have a good relationship with GHIB and have been partners for some years. There are enormous opportunities in the mining sector- not only in extractives but across the entire value chain,” she said.

She noted that Ghana’s growing lithium industry presents significant financing opportunities for early movers.

“The critical minerals space is growing and GHIB could consider positioning itself among the first financial institutions to participate. MIIF has a keen interest in that space, and together we can leverage our shared experience,” she stated.

Mrs. Nelson emphasised the Fund’s interest in developing a practical working relationship with GHIB, particularly in financing across the mining value chain, Environment, Social and Governance (ESG) and sharing knowledge in risk management.

Mr. Greenstreet emphasised that collaboration between the two institutions aligns with Ghana’s broader economic interests.

“Working with MIIF goes a long way to support the Ghanaian economy because whatever we do, the value comes back to Ghana,” he said.

He added that GHIB’s ambition extends beyond the domestic market saying: “We do not just want to be a Ghanaian commodity bank; we want to become an African commodity bank.”

According to him, the bank is well positioned to provide sophisticated financing solutions for the mining sector, including facilitating equity capital raising for mining companies.

The partnership discussions come as Ghana’s mining sector continues to outperform other sectors of the economy with MIIF playing a central role in securing the Government of Ghana’s interest in the space.

According to the Ghana Chamber of Mines’ 2025 Annual Report, mining generated GH¢23.11 billion in taxes in 2025, up from GH¢20.87 billion in 2024, while total fiscal contributions, including dividends, reached GH¢24.22 billion.

At the same time, mineral royalties collected by MIIF stood at GH₵5.4 billion in 2025 as against GH₵4.9 billion in the preceding year.