The Ga Mantse, King Tackie Teiko Tsuru II, has commended the Minerals Income Investment Fund (MIIF) and its Chief Executive Officer, Justina Nelson, for the strong financial performance and efforts to strengthen its contribution to national development.

The Ga Mantse said MIIF’s 2025 profit of GH¢1.1 billion and increased royalty collections demonstrated the potential of a well-managed sovereign minerals investment institution to contribute meaningfully to the economy.

King Tackie Teiko Tsuru commended Mrs Nelson last Friday when she led a delegation from MIIF to pay a courtesy call on the Ga State ahead of the Homowo celebrations.

The visit was to pay homage to the Ga Mantse, support the celebration of the Homowo festival with the Ga State and seek the guidance and blessing of the Ga Mantse in the discharge of MIIF’s duties.

The Ga Mantse was particularly enthused that royalties collected by the fund hit GH¢5.4 billion in 2025, up from GH¢4.9 billion in 2024, although the law setting up MIIF had been amended, taking away a large chunk of the royalties it could retain.

King Tackie Teiko Tsuru, who had apprised himself of the financial statement of the fund, said it was highly commendable that under Mrs Nelson’s leadership, MIIF had collected GH¢5.39 billion in the first six months of the year, a feat that far outweighed its performance for the entire 2025.

The overlord of the Ga State said the performance was encouraging, particularly as MIIF’s allocation of mineral royalties had been reduced from 77.6 percent to just two percent.

He encouraged the CEO and management to remain focused on their national mandate and wished Mrs Nelson the best in her bid to achieve even bigger targets.

The Ga Mantse said that, given the challenges facing the mining sector, including environmental degradation, high community expectations, and responsible mining, there was a need to ensure that Ghana’s mineral wealth would produce lasting economic value.

He, therefore, entreated MIIF to remain resilient and focused despite those challenges and to continue pursuing investments that create value for both current and future generations.

King Tackie Teiko Tsuru, however, urged MIIF to support investments and initiatives that addressed land degradation, water pollution, afforestation and the restoration of degraded mining areas.

Mrs Nelson expressed her sincere appreciation to the Ga Mantse for the warm reception as the people of Ga Mashie prepare to celebrate Homowo.

She said the visit was particularly important because some of the royalties mobilised by MIIF were generated from activities such as sand winning, salt mining and quarrying that took place on Ga land.

“Our mandate is to collect royalties for the state and to maximise them for current and future generations,” she said.

The CEO of MIIF explained that since the royalties were extracted from and generated from the land, the fund needed to pay homage to the chiefs and custodians of the land.

“We are here celebrating with you, but also to seek your guidance for the coming year, to seek your blessings for the coming year and to seek peace in the discharge of our duties,” she said.

Mrs Nelson was also thankful to the Ga Mantse for urging the fund to do more.

She explained that since assuming office as CEO of MIIF a year and a half ago, internal and corporate governance structures had been strengthened with the support of the board and management.

Mrs Nelson attributed MIIF’s performance to the strengthening of internal structures and corporate governance, as well as improved enforcement of the royalty payment regime.

Again, with the help of the Ghana Revenue Authority (GRA), entities that had not been paying royalties were now compliant, while those that had escaped the royalty system were back in it.

That was the case across the extractive sectors, except bauxite and oil, she added.

Mrs Nelson said that although the fund’s allocation had been reduced from 77.6 per cent to two per cent under the amended Act, that had spurred management to think outside the box and that they were doing better.

She said the fund had maximised returns on its investments and generated more income for the state despite the reduced allocation.

“Our main drive is to create wealth for the current and future generations,” the CEO of MIIF said.

She gave the assurance that MIIF would continue to work towards generating sufficient wealth for current and future generations and supporting the country's development.