MIIF records GH¢7.82bn in mineral royalties in first nine months of 2026

The Minerals Income Investment Fund (MIIF) reported a significant increase in mineral royalty receipts, totaling GH¢7.82 billion from January to September 2026, marking a remarkable 106% rise from the previous year's corresponding period. The surge in revenue was primarily attributed to the rising gold prices, the introduction of the sliding-scale royalty mechanism, consistent production levels, and the rigorous monitoring of mining activities by the Technical and Operations Department.

MIIF aims to surpass GH¢9 billion in mineral royalty receipts by the end of 2026. Large-scale gold mining was the primary contributor, generating roughly GH¢7.66 billion in royalties, a substantial increase of approximately 116% compared to the previous year's GH¢3.54 billion. "Mid-tier" gold mining also saw notable growth, with royalty receipts rising from approximately GH¢55.31 million to GH¢110.34 million, showcasing a 99% increase.

In the non-gold mineral sector, quarry royalties saw a modest 6% growth, reaching GH¢11.35 million, while sand royalties surged by 41%, increasing from GH¢390,274 to GH¢550,871. Conversely, limestone royalties experienced a decline from GH¢7.08 million to GH¢4.84 million, primarily due to reduced production amid disrupted mining activities caused by increased rainfall during the second quarter.

Despite this, MIIF's performance in the first half of 2026 surpassed the GH¢5.3 billion recorded during the same period in 2025. MIIF's CEO, Mrs. Justina Nelson, emphasized the Fund's dedication to responsible financial management and the strategic use of mineral revenues for Ghana's benefit. The Fund's mandate extends beyond royalty receipts, encompassing investments in equities, fixed-income securities, and alternative investments to generate sustainable returns.

As MIIF strives to achieve its annual target of GH¢9 billion, it remains committed to maximizing Ghana's mineral wealth and ensuring that mineral revenues contribute significantly to sustainable national development.