MIIF records GH₵7.82bn in mineral royalty receipts for first nine months

The Minerals Income Investment Fund (MIIF) has reported a significant surge in revenue, collecting GH₵7.82 billion in mineral royalty receipts during the first nine months of 2026. This figure represents a 106% increase compared to the GH₵3.79 billion recorded during the same period in 2025. The fund’s performance from January to September 2026 highlights a robust period for Ghana’s extractive sector, driven primarily by favorable global market conditions and improved internal administrative efficiencies.

The substantial growth in royalties is attributed to record-high gold prices and enhanced monitoring of mining activities across the country. MIIF also cited revised methods for calculating royalties as a key factor in maximizing returns. Large-scale gold mining remains the dominant contributor to the fund, yielding GH₵7.66 billion in royalties—a 116% rise from the previous year. While mid-tier gold mining and the quarrying sector also experienced growth, royalties from limestone production saw a decline, which officials attributed to disruptions in local production.

Looking ahead, MIIF has set an ambitious target of reaching approximately GH₵9 billion in total mineral royalties by the end of 2026. CEO Mrs. Justina Nelson reaffirmed the fund’s commitment to the responsible management of these revenues, emphasizing that the focus remains on leveraging mineral wealth for sustainable national development. The fund continues to implement operational strategies designed to track production more accurately and ensure that the state receives its fair share of mineral proceeds.