A 12-member delegation from the Government of Zambia has visited Ghana to study the operations of the Minerals Income Investment Fund (MIIF), according to 3News.
The delegation was led by Mwaka Mukubesa, Permanent Secretary for Budget at Zambia’s Ministry of Finance and National Planning. Its engagements with MIIF’s board, management and technical staff focused on the fund’s governance arrangements, investment strategy, mineral royalty mobilisation systems and portfolio management.
MIIF is Ghana’s dedicated minerals investment fund and became operational in 2020. The fund invests mineral royalty revenues with the stated aim of building long-term value from the country’s mineral resources.
Focus on mineral wealth governance
Richard Kwame Asante, chairman of the MIIF Board, described the visit as an indication of growing cooperation between Ghana and Zambia. He said both countries were pursuing the use of mineral resources to support industrialisation, economic transformation and sustainable development within the African Continental Free Trade Area framework.
MIIF chief executive Justina Nelson outlined the fund’s development since it began operations, including its approach to investing Ghana’s mineral royalties while maintaining governance and transparency standards, the report said.
The visit ended with technical discussions on investment management, royalty mobilisation and possible areas of longer-term collaboration on sustainable mineral-resource governance in Africa.
The exchange places attention on how resource-rich African countries can convert proceeds from mineral extraction into investments intended to support future economic development. The report did not state the duration of the delegation’s visit or identify the specific next steps agreed by the two sides.
