Envisioning A Ghana Beyond Gold
Mon, 15 Jul 2024 09:00
Elevating the potential of the small-scale mining industry and spearheading diversification efforts in the mining sector, MIIF is transforming Ghana’s mineral wealth into economic growth.
“We are one of the fastest-growing sovereign wealth funds in the world.” Edward Nana Yaw Koranteng, CEO of Minerals Income and Investment Fund (MIIF) to help develop the planned Ghana-integrated aluminium development plan.
MIIF focuses on the entire mining value chain, including the capital markets. “We are working on a gold-backed ETF that will be listed on Ghana’s Stock Exchange.
We supported the listings of Asante Gold, for which we invested over US$40 million, Atlantic Lithium, for which we are investing over US$32 million, and the same shall be done for the Electrochem salt project.
Our small-scale mining program also aims to prepare companies for potential stock exchange listings,” Koranteng says.
“We have a vision where we see the likes of at least 10 MIIF in other African countries financing major mines through joint ventures and reducing reliance on Western capital.
This model empowers African countries to develop their mining sectors and share best practices. MIIF can help African nations establish sovereign wealth funds focused on mining,” he says.
MIIF co-invests alongside investors in the mining sector, thereby reducing risk for investors and forging a path towards a more diversified mining sector in Ghana.
No. 1 Rangoon Lane, Cannon House 1st Floor, Cantonments, Accra Tel.: +233-302750660 https:///

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