Government plans to merge the Minerals Income Investment Fund (MIIF) and the Ghana Infrastructure Investment Fund (GIIF) to establish a Ghana Sovereign Wealth Fund, in a move aimed at consolidating public investment resources and expanding equity financing for major development projects.
The proposed fund is expected to improve investment coordination, strengthen returns on state investments and mobilise equity capital for strategic projects, including those under the government’s 24-Hour Economy and Accelerated Export Development Programme.
Finance Minister Dr Cassiel Ato Forson announced the proposed merger when presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
He said the existing investment institutions operated under fragmented arrangements, creating challenges for investment coordination and long-term planning.
“The Fund will improve investment origination and coordination, increase returns and finance transformative projects,” he said.
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Under the proposed structure, the Ghana Sovereign Wealth Fund will also serve as an equity partner for projects under the 24-Hour Economy and Accelerated Export Development Programme, which is designed to be private sector-led.
Dr Forson said the fund would help identify commercially viable investment opportunities, attract private capital and strengthen the financing and implementation of projects under the programme.
The merger would bring together two institutions with different but complementary investment mandates.
The GIIF mobilises private capital to support infrastructure development, while the MIIF manages and invests the country’s mineral royalties and state equity interests to generate long-term wealth from its mineral resources.
Their consolidation is expected to create a centralised investment platform through which government can coordinate public investment, participate in commercially viable projects and attract additional financing from private investors.
The proposal forms part of broader structural reforms outlined in the 2027 Budget to improve the management, deployment and returns on public resources.
