MIIF to Introduce Dividend Payout Policy to Enhance Financial Independence, Mitigate Risk of Gov’t Interference
Edward Nana Yaw Koranteng, Chief Executive Officer (CEO) of the Minerals Income Investment Fund (MIIF), has announced plans to implement a dividend payout policy aimed at preserving the Fund’s financial independence and mitigating the risk of government interference.
Speaking at the MIIF Stakeholder Conference on October 15, 2024, in Accra, Mr Koranteng stated that the initiative is designed to enhance investor confidence and safeguard the Fund against arbitrary government transfers.
During the conference, themed “Minerals Value Addition and Value Chain Development – Essential Tools for Ghana’s Development,” Mr Koranteng articulated MIIF’s vision to establish mining as the central pillar of Ghana’s economy.
He underscored the Fund’s commitment to fostering long-term generational wealth for Ghanaians through strategic investments that focus on value addition, equity growth, and localisation within the mining sector.
Looking to the future, MIIF has set an ambitious target to increase its assets to $6 billion over the next decade, supported by expanded royalty revenues and strategic investments in key sectors.
Mr Koranteng further expressed optimism regarding the sector’s trajectory, asserting that MIIF’s strategic investments will position Ghana’s mineral industry at the forefront of the country’s broader economic transformation.
