Audio By Carbonatix
Justina Nelson, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), has assured that her outfit will leverage the performance of 2025 to achieve better performance in 2026.
She said that in 2025, MIIF moved royalties from GH¢3.91 billion to GH¢5.43 billion.
“Based on the strategies in the previous year, we are very sure of moving to higher levels this year.”
Mrs Nelson gave assurance in an engagement with the editors of prominent media organisations to acquaint them with the activities and performance of MIIF.
The Forum took Editors through topics such as: an overview of Act 978 and key amendments under Act 1137 of MIIF, MIIF’s 2026-2028 strategic pillars, and MIIF’s investment mandate and operational framework.
Mrs Nelson said as a first forum with editors, it allowed them to also clarify certain allegations and misinformation in the media space.
“There is a need to use the opportunity to clarify issues on amendments of Acts 978 and 1137, and also correct some misconceptions about some mineral royalties and strengthen ties between the media and the Fund.”
She said engagement with the media would give them first-hand information to educate the public on MIIF's activities and urged the Editors to seek clarification whenever they were in doubt about facts.
Mr Charles Benoni Okine, Corporate Affairs and External Relations Director, who welcomed the Editors, said the forum would bring to the limelight aspects of their work that were not clear to Journalists.
He appealed to the Editors to request information on aspects they were not conversant with from the management before publication.
Dr Tuinese Edward Amuzu, Head of Legal at MIIF, who spoke on the amendments, said Manganese and Quarries recorded increased royalties in 2025, attributing the feat to frequent and effective monitoring.
Mr Kwabena Barning, Chief Technical Officer of MIIF, who spoke on the investment mandate of MIIF, said they were established as a sovereign Fund with the intent of serving as a strategic lever to maximise the value of the mining sector and create the potential for sustainable national development.
He said they were mandated to maximise the value of income accruing to the Republic from mineral wealth, and to monetise income accruing to the country in a beneficial, responsible, transparent, accountable, and sustainable manner.
He added that MIIF was also mandated to develop and implement measures to reduce Ghana's budgetary exposure to mineral income.
Latest Stories
-
Ghana-South Africa relations remain intact despite xenophobic attacks – Mahama
7 minutes -
Ghana is open for business – Finance Minister urges investors
17 minutes -
Muntaka Mohammed-Mubarak decries alarming rate of drug use in Ghana
22 minutes -
Mahama hints at new Local Content Bill for extractive sector
28 minutes -
Fisheries Enforcement Unit arrests 2 inshore fishing operators at Tema Fishing Harbour
33 minutes -
Senegal’s Sonko pulls his party from new government, raising risk to IMF deal
43 minutes -
Court clears way for Texas to enforce migrant arrest law
53 minutes -
IKEA customers sue for share of Trump tariff refunds
1 hour -
Merck exec says company is discussing use of COVID antiviral drug in Ebola response
1 hour -
Barrick Mining weighs London listing as it negotiates Africa business sale, sources say
1 hour -
UK: Third of people say uni degree not worth it, as student loan inquiry begins
2 hours -
Oil steadies as uncertainty over US-Iran talks keeps markets on edge
2 hours -
Ghana Rugby promotes inclusion through competition for deaf and hearing athletes
3 hours -
AfDB to become top shareholder in Africa guarantee platform to boost derisking push
4 hours -
Independence, Impartiality and Integrity of the Judiciary should not be compromised under any circumstances
4 hours