A high-level delegation from the Government of Zambia has engaged the Minerals Income Investment Fund (MIIF) to study Ghana’s model for managing mineral wealth, as the southern African nation explores ways to strengthen the long-term development impact of its mineral revenues.
The 12-member delegation focused on MIIF’s approach to mobilising mineral royalties, investment management and governance, with discussions centred on how mineral revenues can be transformed into long-term national assets that support economic transformation and industrial development.
The delegation, led by Zambia’s Permanent Secretary for Budget at the Ministry of Finance and National Planning, Mrs. Mwaka Mukubesa, met with MIIF’s Board, management and technical teams to examine the Fund’s governance framework, investment strategy, royalty mobilisation systems and portfolio management practices.
Welcoming the delegation, MIIF Board Chairman Richard Kwame Asante described the visit as a reflection of the growing partnership between Ghana and Zambia and their shared commitment to leveraging mineral resources for industrialisation, economic transformation and sustainable development under the African Continental Free Trade Area (AfCFTA).
He said the engagement demonstrated both countries’ commitment to using mineral wealth as a catalyst for broader economic development while deepening cooperation on resource governance.
MIIF Chief Executive Officer Justina Nelson outlined the Fund’s progress since it became operational in 2020, explaining that it invests Ghana’s mineral royalties to “maximise long-term value” while maintaining “strong governance and transparency” in managing the country’s mineral wealth.
The discussions also covered MIIF’s investment strategy, mechanisms for mobilising mineral royalties and the management of its investment portfolio as Zambia seeks to strengthen its own institutional framework for mineral resource management.
The visit concluded with technical engagements on investment management, royalty mobilisation and opportunities for long-term collaboration between the two countries to advance sustainable mineral resource governance across Africa.
The exchange forms part of broader efforts by African resource-rich economies to strengthen institutions that can convert mineral revenues into long-term investments capable of supporting sustainable economic growth and regional development.
