Ghana’s mining sector is recording one of its strongest fiscal performances in recent years, with new figures from the Minerals Income Investment Fund (MIIF) showing substantial growth in royalty revenues across all major mineral streams for the first nine months of 2025.
The latest data underscores renewed stability in the industry, improved compliance from operators, and a resilient demand for Ghana’s mineral resources despite mixed output trends.
According to MIIF, large-scale gold mining continues to anchor the sector, contributing US$291.87 million in royalties between January and September 2025, a sharp 40.18% increase compared with the US$208.20 million collected within the same period last year.
The mid-tier gold segment also posted strong numbers, with royalties climbing from GH₵40.61 million in 2024 to GH₵59.44 million, representing a remarkable 46.38% year-on-year rise.
One of the most notable gains came from the manganese industry, which recorded an exceptional 170% surge in royalties, moving from US$4.72 million to US$12.75 million in the first three quarters of 2025. MIIF attributes this leap to better output performance and stricter adherence to regulatory requirements by mining firms.
Other mineral-producing areas also showed upward momentum. The quarry sector registered a 13.12% increase in royalties, rising from GH₵11.62 million to GH₵13.15 million, while the sand mining subsector recorded a 21.48% jump, with royalties improving from GH₵364,998.58 last year to GH₵433,406.41 this year.
MIIF CEO Mrs. Justina Nelson praised the sector’s performance, describing the royalty gains as an encouraging sign of what Ghana can achieve with consistent oversight and collaboration.
“This is strong progress, but it is not the finish line,” she said. “We are motivated by these results, and we will continue to intensify our work with operators and regulatory partners to keep the sector on an upward trajectory.”
Mrs. Nelson added that MIIF remains committed to ensuring that mineral wealth is managed responsibly and transparently for the long-term benefit of the Ghanaian people.
With three quarters already showing impressive inflows, MIIF expects 2025 to close on a high note for mineral revenues. The Fund believes the continued strengthening of compliance systems and increased operational efficiency across mining firms will further boost earnings before the close of the year.
Mrs. Nelson reaffirmed MIIF’s determination to scale up its partnerships and regulatory monitoring to maintain the sector’s momentum and secure sustainable returns for future generations.
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