The 2025 Budget Proposal and its Implications for Ghana's Mineral Revenue Management The 2025 Budget Statement and Economic Policy of Ghana proposes a significant amendment to the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978).
The amendment seeks to transfer 80% of mineral royalties originally retained by MIIF to the Consolidated Fund for infrastructure development.
This policy shift represents a fundamental change in the purpose and operation of MIIF, which was originally established to act as a sovereign wealth fund (SWF) for Ghana's mineral resources.
The MIIF's mandate under Act 978 was to manage and invest Ghana's mineral royalties in ways that generate long-term financial returns for the country, ensuring economic stability even when mineral resources are depleted.
