MIIF Royalty Inflows Hit Record GH₵5.43bn in 2025
By Praisebell Rosemond Larbi
Ghana’s mineral revenue performance reached a historic peak in 2025, as the Minerals Income Investment Fund (MIIF) recorded its highest-ever mineral royalty inflows of GH₵5.43 billion, reflecting improved compliance, stronger enforcement mechanisms, and tighter oversight within the mining sector.
The figure represents a 10.8 per cent increase over the GH₵4.91 billion recorded in 2024, marking a significant milestone in the country’s efforts to maximise returns from its mineral resources and strengthen public revenue mobilisation.
Chief Executive Officer of the Minerals Income Investment Fund, Justina Nelson, attributed the performance to enhanced institutional discipline and reforms within the Fund aimed at improving efficiency and accountability.
“I am pleased to report that the Fund recorded total mineral royalty inflows of GH₵5.43 billion, the highest in MIIF’s history,” she said.
She explained that the growth was driven by “disciplined enforcement, strategic oversight and strong institutional commitment,” pointing to a broader shift in how mineral revenues are tracked, collected, and managed across the sector.
Speaking at a Civil Society Organisations roundtable engagement in Accra, Ms Nelson noted that the strong performance was achieved despite the appreciation of the Ghana cedi during the period, which typically reduces the local currency value of foreign-denominated mineral earnings.
“Had the projected rate prevailed, royalty inflows would have been substantially higher. Nonetheless, delivering GH₵5.43 billion remains a remarkable achievement,” she added.
The development reinforces the mining sector’s continued importance as a key pillar of Ghana’s fiscal structure, even as government intensifies reforms to improve transparency and accountability in natural resource governance.
According to the MIIF CEO, internal reforms—including the establishment of compliance, risk management, and monitoring systems—have significantly strengthened operational efficiency and improved oversight across royalty collection channels.
She further indicated that early indicators for 2026 point to continued momentum, with first-quarter royalty inflows already outperforming the same period in the previous year.
“With confidence, I can say that MIIF has entered 2026 from a position of strength,” she said, adding that improved collaboration with the Ghana Revenue Authority has contributed to the stronger performance.
The Fund emphasised that it will continue prioritising transparency, institutional strengthening, and stakeholder engagement to ensure that Ghana’s mineral wealth translates into long-term national value and sustainable development benefits.
The record performance is expected to further bolster confidence in the mining sector’s contribution to public finances, particularly as government pursues broader fiscal consolidation and economic stabilisation efforts.
