The Minerals Income Investment Fund (MIIF) and Ghana International Bank (GhIB) have begun discussions on a strategic partnership aimed at expanding investment and financing opportunities in Ghana’s mining sector.
The talks followed a courtesy call by a GhIB delegation led by its newly appointed Chief Executive Officer, Mr Ian Greenstreet, on the Chief Executive Officer of MIIF, Mrs Justina Nelson, to explore areas of mutual interest that could deepen investment in Ghana’s mineral economy.
The discussions focused on mineral revenue investments, structured finance for mining and mineral value chain projects, trade finance for mining-related exports and imports, diaspora and international investor engagement, as well as collaboration to connect bankable mining projects with global capital.
The engagement comes as MIIF strengthens its role in Ghana’s mineral investment strategy by leveraging partnerships with international financial institutions to maximise long-term value from the country’s natural resources.
Mrs Nelson said the existing relationship between MIIF and GhIB provided a solid platform for expanding cooperation in the mining sector.
“We have a good relationship with GhIB and have been partners for some years. There are enormous opportunities in the mining sector—not only in extractives but across the entire value chain,” she said.
She noted that Ghana’s emerging lithium industry offered significant financing opportunities for institutions that position themselves early.
“The critical minerals space is growing and GhIB could consider positioning itself among the first financial institutions to participate. MIIF has a keen interest in that space, and together we can leverage our shared experience,” Mrs Nelson stated.
She said MIIF was interested in developing a practical working relationship with the bank, particularly in financing projects across the mining value chain, promoting Environmental, Social and Governance (ESG) initiatives and sharing expertise in risk management.
Mr Greenstreet said stronger collaboration between the two institutions would support Ghana’s broader economic development.
“Working with MIIF goes a long way to support the Ghanaian economy because whatever we do, the value comes back to Ghana,” he said.
He said the bank also aimed to expand its footprint beyond Ghana.
“We do not just want to be a Ghanaian commodity bank; we want to become an African commodity bank,” Mr Greenstreet said.
He added that GhIB was well positioned to provide sophisticated financing solutions for the mining sector, including facilitating equity capital raising for mining companies.
The partnership discussions come as Ghana’s mining sector continues to record strong growth, with MIIF playing a key role in safeguarding the Government’s interests in the industry.
According to the Ghana Chamber of Mines’ 2025 Annual Report, the mining industry generated GH¢23.11 billion in taxes in 2025, compared with GH¢20.87 billion in 2024, while total fiscal contributions, including dividends, rose to GH¢24.22 billion.
MIIF also reported that mineral royalties increased to GH¢5.4 billion in 2025 from GH¢4.9 billion in 2024.
