The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, says Ghana has received GH¢7.82 billion in mining royalties between January and September 2026.

According to the Minister, the amount represents an increase of GH¢4 million compared to the royalties received over the same period in 2025.

He said the figures had been confirmed by the Minerals Income Investment Fund (MIIF).

Buah attributed the increase to the government's decision to revise royalty rates on extractive minerals, adding that the policy had begun yielding positive results despite strong opposition from some quarters.

He made the remarks at a seminar organised by the Kwame Nkrumah University of Science and Technology (KNUST) on Tuesday, November 3, 2026.

The event was held under the theme: "From Rocks to Resources, to Results: Leading Ghana's Extractive Future."

"Royalties scaled from 5 to 12 per cent under the new Royalty Regime, helping the country to accrue more revenue from extractive companies," he stated.

He disclosed that the decision to increase royalty rates had faced considerable opposition from some foreign interests.

"I recall embassies in Ghana were calling on me at the office, claiming the country's decision to scale up mineral royalties would discourage investors," he said.

"It was a tough decision; however, we stood our ground and can tell you that mining firms are still making profits," he added.

Buah noted that despite the initial concerns and pressure, the new royalty regime had proven beneficial to the country without driving away investors.

He stressed that the government remained committed to ensuring that Ghana derived maximum and equitable benefits from its extractive resources.