Parliament was told on Thursday that the state intends to consolidate the Minerals Income Investment Fund (MIIF) and the Ghana Infrastructure Investment Fund (GIIF) to form a unified Ghana Sovereign Wealth Fund.
Unveiling the 2027 Budget in the legislature, Finance Minister Dr Cassiel Ato Forson explained that the merger is designed to overcome fragmented investment frameworks that have historically hampered long-term planning, coordinated asset oversight, and overall efficiency.
“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,” Dr Forson told lawmakers.
The minister outlined that the newly structured entity will streamline mineral revenue management, boost investment coordination, and lift overall financial yields while simultaneously unlocking capital for large-scale development projects.
Furthermore, the fund is expected to act as a core equity stakeholder supporting the administration’s flagship 24-Hour Economy and Accelerated Export Development Programme. Because the strategy relies heavily on private sector momentum, the sovereign fund will play a critical role in sourcing viable ventures and drawing in private investment.
“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,” Dr Forson noted.
By: Rainbowradioonline.com/Ghana