Accra:Ghana has reportedly earned GH¢7.82 billion in mining royalties between January and September 2026, as stated by the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah. This figure marks a GH¢4 million increase compared to the same period in 2025.
According to Ghana Web, the Minister shared these figures, which were confirmed by the Minerals Income Investment Fund (MIIF), during a seminar at the Kwame Nkrumah University of Science and Technology (KNUST). The seminar was held under the theme "From Rocks to Resources, to Results Leading Ghana's Extractive Future."
Buah attributed the rise in royalties to the government's revised royalty rates on extractive minerals, which have increased from 5 to 12 percent under the new Royalty Regime. Despite initial opposition from some foreign interests and concerns that the change might deter investors, Buah emphasized that the policy had begun yielding positive results without discouraging mining firms from maintaining profitability.
The Minister recounted pressures faced from various embassies in Ghana, expressing concerns that the higher mineral royalties could drive away investors. However, he affirmed that the government remained steadfast in its decision, ensuring that the policy benefits the country while retaining investor interest. Buah concluded by reiterating the government's commitment to maximizing equitable benefits from Ghana's extractive resources.