Ghana is adopting a strategic investment-led approach to its mineral resources through the Minerals Income Investment Fund (MIIF), Lands and Natural Resources Minister Emmanuel Armah Kofi Buah has announced.
This model lets the country dive deeper into the mineral value chain, securing long-term national gains. “Through MIIF, we’re taking an investment view of our minerals, channeling revenues into assets that deliver sustainable returns,” Buah explained.
He shared these insights during a panel on African regional integration at the 32nd Africa Mining Indaba in Cape Town. The event, themed “Stronger Together: Progress Through Partnerships,” gathered governments, miners, investors, and financiers to discuss partnerships, reforms, and Africa’s mining future.
Buah highlighted MIIF’s role in securing equity stakes in mining ventures like infrastructure and downstream processing. It draws private capital and eases dependence on taxes and royalties. “Investors seek predictability. MIIF shows Ghana invests alongside them for shared wins,” he said.
The fund supports Ghana’s industrialization and ECOWAS integration, fostering cross-border mineral projects. “MIIF-like vehicles can make regional initiatives viable where single markets fall short,” Buah noted.
He stressed the need for strong governance: reliable regulations, solid geological data, and eco-friendly practices to lure long-term investors. On illegal mining, the government pledges protection for legit operations via enforcement, community ties, and formalization efforts.
Story by: Mercy Addai Turkson #ahotorfmonline.com