Gov’t to merge MIIF and GIIF to establish Ghana Sovereign Wealth Fund – Finance Minister
The government plans to merge the Minerals Income Investment Fund (MIIF) and the Ghana Infrastructure Investment Fund (GIIF) to establish a Ghana Sovereign Wealth Fund aimed at improving the management and investment of the country's mineral revenues and strategic public assets.
The Minister for Finance, Dr Cassiel Ato Forson, announced the plan during the presentation of the 2027 Budget in Parliament on Thursday, November 12.
According to him, the move is intended to address fragmented investment arrangements, which he noted had limited strategic coordination, efficient asset management and long-term planning.
“To ensure that Ghana derives greater and more sustainable value from its mineral wealth and strategic public assets, government will merge the Minerals Income Investment Fund and the Ghana Infrastructure Investment Fund to establish the Ghana Sovereign Wealth Fund,” he told Parliament.
Dr Forson said the new fund would consolidate and strengthen the management and investment of mineral income, improve investment origination and coordination, and increase returns.
He added that it would also provide financing for transformative projects.
The Finance Minister further announced that the Ghana Sovereign Wealth Fund would serve as an equity partner for projects under the government's 24-Hour Economy and Accelerated Export Development Programme.
He described the programme as a private sector-led initiative, saying the fund would help identify viable investments and attract private capital to support its implementation.
“The Ghana Sovereign Wealth Fund will help originate viable investments, attract private capital and strengthen the 24-Hour Economy and Accelerated Export Development Programme’s impact,” he said.
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