Ghana’s mineral revenue outlook is showing strong momentum in 2025, with new data from the Minerals Income Investment Fund (MIIF) revealing significant growth in royalty payments across all major mining segments for the first three quarters of the year.
The figures highlight strengthened regulatory compliance, improved production in key minerals, and sustained investor confidence in the country’s mining sector.
Large-scale gold mining remained the dominant driver, posting royalties of US$291.87 million as of the end of September 2025, a 40.18% increase from the US$208.20 million collected within the same period in 2024.
The mid-tier gold mining segment also recorded impressive growth, with royalties rising from GH₵40.61 million between January and September last year to GH₵59.44 million in 2025, representing a 46.38% jump.
A standout performer was the manganese sector, which achieved a remarkable 170% surge in royalty inflows. Payments increased from US$4.72 million in 2024 to US$12.75 million in 2025, driven by improved production and stronger compliance by operators.
The quarry industry added to the positive trend, recording a 13.12% rise in royalties from GH₵11.62 million to GH₵13.15 million, while the sand mining sub-sector saw a 21.48% increase, climbing from GH₵364,998.58 to GH₵433,406.41 in the same periods under review.
CEO applauds gains, urges sustained effort
Commenting on the performance, the Chief Executive Officer of MIIF, Justina Nelson, described the results as both encouraging and a strong motivation for the Fund to deepen its work with the mining industry.
“We will not rest on our oars even with this achievement because we know there is more work to be done to end the year and, in the years, ahead,” she stated.
Mrs Nelson noted that MIIF will continue to engage stakeholders across the mining value chain to ensure operators remain fully compliant and committed to their obligations whilst working with interagencies to sustain the growth.
Confident Outlook for Year-End and Beyond
Mrs Nelson was optimistic that the Fund would close the year on a stronger footing, having recorded remarkable performance in royalty receipts during the first three quarters.
She further pledged the Fund’s unwavering commitment to stay focused on its mandate and ensure that Ghana’s mineral wealth continues to benefit both present and future generations.
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