Government to Merge MIIF and GIIF to Establish Ghana Sovereign Wealth Fund

The government has announced 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 improving investment coordination and financing major development projects.

Finance Minister Dr. Cassiel Ato Forson announced the proposed merger while presenting the 2027 Budget Statement and Economic Policy, dubbed The New Economy, to Parliament on Thursday, November 12.

He explained that the new fund would strengthen the management of Ghana’s investment resources, enhance returns and provide financing for projects with significant economic and developmental impact.

Dr. Ato Forson further disclosed that the Ghana Sovereign Wealth Fund would serve as an equity partner for projects under the government’s 24-Hour Economy and Accelerated Export Development Programme.

He noted that the country’s mineral wealth and public assets could serve as a foundation for long-term prosperity, but described the existing investment arrangements as fragmented, limiting effective coordination and long-term planning.

According to the Finance Minister, consolidating the two institutions into a single fund would improve investment origination and coordination, attract private capital and support the financing of transformative projects.

He stressed that the 24-Hour Economy and Accelerated Export Development Programme would remain a private sector-led initiative, with the proposed fund helping to identify and develop viable investment opportunities to strengthen its implementation and overall impact.