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Mineral Royalties Record Strong Growth in 2025 Despite Production Challenges – MIIF

Ghana’s mineral royalties rose sharply in 2025, driven by strong gains in gold and manganese. MIIF attributes the growth to improved compliance and production, and expects a strong year-end performance.

Competitiveness vs Revenue: How Ghana's Sliding Scale Royalty Regime Compares with African Peers
Stanley Senya
Dec 4, 2025

Ghana’s mineral royalty receipts are showing strong growth in 2025, with new data from the Minerals Income Investment Fund (MIIF) indicating significant increases across major mining segments for the first three quarters of the year.

A statement issued by the Fund said the positive performance reflected strengthened regulatory compliance, improved output in key minerals and continued investor confidence in the mining sector.

Large-scale gold mining remained the biggest contributor, generating US$291.87 million in royalties as of September 2025, a 40.18 percent rise over the US$208.20 million collected in the same period last year.

The mid-tier gold segment also posted substantial growth, with royalty payments increasing by 46.38 percent from GH₵40.61 million to GH₵59.44 million between January and September.

The manganese sector was highlighted as the top performer, recording a 170 percent surge in royalties. 

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Payments rose from US$4.72 million in 2024 to US$12.75 million this year, attributed to enhanced production levels and improved compliance by mining firms.

Other industry segments recorded steady growth, including the limestone sector, which posted a 13.12 percent rise from GH₵11.62 million to GH₵13.15 million. 

The sand mining sub-sector also saw a 21.48 per cent increase in royalties, climbing from GH₵364,998.58 to GH₵433,406.41 within the period under review.

Commenting on the performance, Mrs Justina Nelson, Chief Executive Officer of MIIF, said the results were encouraging and demonstrated the impact of strengthened collaboration with industry stakeholders.

“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 said.

Mrs Nelson assured that MIIF would continue to work closely with operators across the mining value chain to enhance compliance and ensure the sector maintained its growth trajectory. 

She expressed optimism that the Fund would close the year strongly, buoyed by the robust inflows recorded so far.

She reaffirmed MIIF’s commitment to safeguarding the country’s mineral wealth and ensuring that mining revenues benefit both current and future generations.

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