MIIF targets US$1.5bn AUM

The Minerals Income Investment Fund (MIIF) projects its assets under management (AUM) to exceed $1.5 billion, driven by the ongoing revaluation of Ghana’s 10% equity stakes in mining ventures.

CEO Edward Nana Yaw Koranteng noted this milestone would significantly enhance MIIF's capacity for co-investment projects, expanding Ghana’s investment potential.

MIIF has achieved a 400% growth in AUM, rising from GH¢1.7 billion in January 2022 to GH¢8.7 billion by Q3 2024, fueled by royalties and investment income.

To reduce reliance on volatile gold prices, MIIF plans to diversify into other minerals like salt, graphite, and lithium.

Additionally, MIIF’s Small-Scale Mining Incubation Programme aims to formalize small-scale mining, reducing $2 billion in annual losses, while facilitating local participation by listing mining companies on the Ghana Stock Exchange.