Minerals Income Investment Fund Achieves GH‥1.1bn Profit as Mining Sector Entities Refute Allegations of Financial Loss and Illegal Operations

The Minerals Income Investment Fund (MIIF) has reported a robust profit of GH‥1.1 billion for the 2025 financial year, demonstrating significant institutional resilience despite major legislative shifts. This performance comes even after a drastic reduction in the fund's retained mineral royalties and dividends, which fell to just 2% in 2025 from 77.6% the previous year. Financial analysts note that this profitability highlights MIIF's shift toward efficient asset management and operational improvements rather than a reliance on statutory royalty inflows. The fund’s equity-to-assets ratio has improved significantly, and retained earnings rose by 35%, while Ghana’s broader mining sector exceeded royalty targets for the first half of 2026.

Amidst these positive financial indicators, individual mining entities are fighting back against claims of illegality and mismanagement. Betterland Ghana Limited, a large-scale mining firm operating in the Nzema East Municipality, has officially denied allegations of illegal mining, locally known as galamsey, within a forest reserve. In a press statement, the company clarified that it is a legally registered entity currently engaged only in expanded exploration activities rather than commercial mining. Betterland has challenged media outlets to provide evidence for their claims, asserting that such misinformation has damaged its reputation and relationships with international partners while reiterating its commitment to regulatory compliance.

In a separate development regarding sector transparency, the Ghana Gold Board (GOLDBOD) has dismissed viral reports claiming a GH‥200 million financial loss. Social media reports had suggested that an entity identified as Dominic Bonsu Ventures had absconded with the funds, a claim GOLDBOD has labeled as false and malicious. The Board clarified that there is no such financial loss and that it maintains no current relationship with Mr. Bonsu, though legal proceedings against him are reportedly ongoing. GOLDBOD urged the public to rely on verified official communications to prevent the spread of misinformation that could destabilize the investment climate.

These collective developments underscore a period of transition and scrutiny for Ghana’s minerals and mining sector under the administration of President John Mahama. While the MIIF's financial results suggest a high degree of institutional stability and regulatory discipline, the persistent allegations of illegal mining and financial impropriety highlight the challenges of maintaining public trust. As the mining sector continues to exceed revenue targets into 2026, the focus remains on balancing aggressive resource mobilization with strict environmental protections and transparent corporate governance to ensure sustainable growth for the national economy.