Business News of Monday, 30 March 2026

Source: GNA

MIIF to use 2025 performance as yardstick for 2026 activities – CEO

Justina Nelson, Chief Executive Officer of the Minerals Income Investment Fund (MIIF) has given the assurance that her outfit will leverage the performance of 2025 for better performance in 2026.

She said in 2025, MIIF moved royalties to GH¢5.43 billion from GH¢4.91 in 2024.

“Based on the strategies in the previous year, we are very sure of moving to higher levels this year.”

Nelson gave the assurance in an engagement with Editors of prominent media organisations for them to acquaint themselves with the activities and performance of MIIF.

The Forum took Editors through topics such as; Overview of Act 978 and key amendments under Act 1137 of MIIF, MIIF’s strategic pillars 2026-2028 strategic plan and MIIF’s investment mandate and operational framework.

Nelson said as a first forum with editors, it gave them the opportunity to also clarify certain allegations and misinformation in the media space.

“There is the 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 offer them first-hand information to educate the public on the activities of MIIF and urged the Editors to call for clarification anytime they were in doubt of facts.

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 for information in aspects they were not conversant with from the management before publications.

Dr Tuinese Edward Amuzu, Head of Legal at MIIF who spoke on the amendments said Manganese and Quarries recorded increased royalties in 2025 and attributed the feat to frequent and effective monitoring.

Kwabena Barning, Chief Technical Officer of MIIF who spoke on the investment mandate of MIIF said they were established as a sovereign Fund with intent of serving as a strategic lever to maximise the value of creating the potential of the mining sector for sustainable national development.

He said they were mandated to maximise the value of income due the Republic from mineral wealth, monetise income accruing the country in a beneficial, responsible, transparent, accountable and sustainable.

He added, MIIF was also mandated to develop and implement measures to reduce the budgetary exposure of Ghana to mineral income.