The Minerals Income Investment Fund (MIIF) has hosted a high-level delegation from Zambia as both countries deepen cooperation on mineral resource management and sovereign wealth investment.
The 12-member delegation, led by Zambia's Permanent Secretary for Budget at the Ministry of Finance and National Planning, Mwaka Mukubesa, visited MIIF on Wednesday to study Ghana's approach to managing mineral royalties through a dedicated sovereign investment fund.
Officials from Zambia's Ministry of Mines, Zambia Revenue Authority and Ministry of Justice were also part of the delegation.
Ghana shares mineral investment strategy
During the engagement, MIIF Board Chairman Richard Kwame Asante said the visit reflects the growing relationship between Ghana and Zambia under the leadership of President John Dramani Mahama and Zambian President Hakainde Hichilema.
He noted that the collaboration aligns with broader African efforts to drive industrialisation and maximise opportunities under the African Continental Free Trade Area.
MIIF Chief Executive Officer Justina Nelson took the delegation through the Fund's governance structure, investment strategy and royalty mobilisation framework developed in partnership with the Ghana Revenue Authority and the Minerals Commission.
The discussions also highlighted Ghana's transition from paying mineral royalties directly into the national budget to managing them through a sovereign fund designed to preserve long-term national wealth.
Zambia outlines reform agenda
Mrs. Mukubesa briefed Ghanaian officials on Zambia's economic reforms, including plans to increase annual copper production to three million tonnes and establish the Zambia Minerals Investment Corporation to safeguard future mineral revenues.
The two sides also held technical discussions on investment management and royalty mobilisation, with both countries exploring opportunities for continued collaboration.
MIIF described the engagement as an important step towards strengthening regional cooperation and promoting sustainable natural resource governance across Africa through shared knowledge and practical policy experience.
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