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 strengthening investment management and financing major development projects.
Finance Minister Dr Cassiel Ato Forson announced the proposed merger during the presentation of the 2027 Budget Statement and Economic Policy, dubbed The New Economy, to Parliament on Thursday, November 12.
He explained that the merger would address the fragmented nature of the country’s current investment arrangements, improve coordination, increase returns on public investments and support long-term economic development.
According to him, the proposed Ghana Sovereign Wealth Fund will also serve as an equity partner for projects under the government’s 24-Hour Economy and Accelerated Export Development Programme.
“Our mineral wealth and public assets can be the foundation of lasting prosperity. Yet our investment arrangements are scattered, weakening coordination and long-term planning. Government will therefore merge the Minerals Income Investment Fund and the Ghana Infrastructure Investment Fund to create the Ghana Sovereign Wealth Fund,” he said.
Dr Ato Forson added that the fund would help identify and develop viable investment opportunities, attract private sector capital and provide financial support for transformative projects under the 24-Hour Economy initiative.
