MIIF cracks down on mining royalties, sets Dec 1 payment deadline
The Minerals Income Investment Fund (MIIF) has issued a firm deadline for all active and licensed mining companies in Ghana, demanding that they clear any outstanding mineral royalties by December 1, 2024. This move is part of MIIF’s initiative to enforce compliance with the Minerals Income Investment Fund Act, 2018 (Act 978), which mandates that companies pay royalties to support Ghana’s mineral revenue development efforts. In a public notice, the Minerals Income Investment Fund emphasized that all gold mining companies, quarry operators, salt mining businesses, limestone operators, and sand winners must pay their due royalties either by depositing funds directly...
