Facts behind MIIF’s solid performance

A couple of weeks ago, the Minerals Income Investment Fund (MIIF), the state entity set up to manage the country’s mineral wealth through royalty collection and investment, published its audited financial performance for 2025.

Another significant outlay into the Ada Songor Salt project through a preference share investment of GH¢360 million in Electrochem Ghana Limited has accrued paper gains of GH¢158 million and remains unpaid due to the company’s precarious financial condition, which has led to an almost 10-month period of dormant operations since the beginning of 2025.

Following amendments to the MIIF Act under the Minerals Income Investment Fund (Amendment) Act, 2025 (Act 1137), the Fund’s share of mineral royalties was slashed dramatically from 77.