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

The Minerals Income Investment Fund (MIIF) reported a significant surge in mineral royalty receipts, totaling GH¢7.82 billion between January and September 2026. This represents a substantial 106% increase compared to the GH¢3.79 billion recorded during the same period in 2025. The primary driver of this growth was the surge in gold prices, coupled with the introduction of a sliding-scale royalty mechanism, robust production levels, and improved monitoring of mining activities by the Fund's Technical and Operations Department.

MIIF aims to achieve approximately GH¢9 billion in mineral royalty receipts by the end of 2026. Large-scale gold mining dominated royalty receipts, contributing roughly GH¢7.66 billion, a remarkable 116% rise from the previous year's GH¢3.54 billion. Mid-tier gold mining also experienced notable growth, with royalty receipts surging from GH¢55.31 million in 2025 to GH¢110.34 million in 2026, marking an impressive 99% increase.

Among non-gold minerals, quarry royalties saw a modest 6% rise from GH¢10.8 million to GH¢11.35 million, while sand royalties increased by approximately 41%, climbing from GH¢390,274 to GH¢550,871. However, limestone royalties declined from GH¢7.08 million to GH¢4.84 million, attributed to reduced production due to heavy rainfall during the second quarter.

The improved third-quarter results follow MIIF's robust performance in the first half of 2026, where the Fund recorded over GH¢5.3 billion in mineral royalty receipts, compared to approximately GH¢2.64 billion during the same period in 2025. MIIF's CEO, Mrs. Justina Nelson, emphasized the Fund's commitment to responsible financial management and the strategic use of mineral revenues for the Republic of Ghana's benefit.

The Fund's mandate extends beyond royalty receipts to include investments in the mining value chain, with the goal of generating sustainable returns for the nation. MIIF remains on track to achieve its annual target of approximately GH¢9 billion in mineral royalty receipts, striving to maximize the value of Ghana's mineral wealth and ensure these revenues contribute meaningfully to sustainable national development.