Business & Technology Africa

Ghana posts $499 million from record gold mineral royalties haul

Large-scale gold mining remained the backbone of Ghana’s mineral revenue.

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Newstimehub

16 Mar, 2026

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Minerals Income Investment Fund (MIIF) in Ghana has recorded its highest-ever mineral royalty collections, reaching GH₵5.43 billion in 2025—an increase of 10.8% from GH₵4.90 billion in 2024.

According to figures reported by the Ghana News Agency, the record performance was driven by stronger compliance in mining operations and favourable global commodity prices, particularly for gold.

Gold mining remained the backbone of Ghana’s mineral revenue, with royalties rising to GH₵5.1 billion in 2025 from GH₵4.7 billion the previous year. Increased production from major projects such as the Newmont Ahafo North Mine and the Cardinal Namdini Mine also contributed to the growth.

The manganese sector also recorded gains, with royalties increasing to GH₵212 million from GH₵186 million in 2024 due to higher production volumes and improved payment compliance.

However, other minerals—including granite, limestone, sand, and salt—contributed only about one percent of total royalties and fell short of expectations due to factors such as competitive pricing pressures, lower salt prices, weather challenges, and reduced access to Sahelian export markets.

MIIF Chief Executive Officer Justina Nelson described the results as a significant milestone, noting that it is the first time the fund’s royalty inflows have surpassed the GH₵5 billion mark since its creation.

Despite currency fluctuations during the year, the fund improved overall collections and entered 2026 in a stronger position. MIIF plans to deepen collaboration with agencies such as the Ghana Revenue Authority and the Minerals Commission of Ghana to boost compliance and further increase mineral revenue.

Source: TRT Africa