{"id":249416,"date":"2024-11-12T08:31:45","date_gmt":"2024-11-12T08:31:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/"},"modified":"2024-11-12T08:31:45","modified_gmt":"2024-11-12T08:31:45","slug":"pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/","title":{"rendered":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies"},"content":{"rendered":"<p><\/p>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Ghana&#8217;s Minerals Income Investment Fund (MIIF) has set a December 1, 2024, deadline for all licensed mining companies to clear outstanding mineral royalties, warning of potential sanctions for those failing to comply.<\/p>\n<p>MIIF\u2019s directive, issued as a public notice, aims to enforce the Minerals Income Investment Fund Act, 2018 (Act 978), which mandates royalty payments from mining operators to support Ghana\u2019s mineral revenue development.<\/p>\n<p>The notice requires that gold mining firms, quarry operators, salt mining businesses, limestone producers, and sand extraction companies submit outstanding royalties either through direct deposits to MIIF\u2019s account at the Bank of Ghana or via the national digital payment portal, www.Ghana.gov.gh.<\/p>\n<p>MIIF further stipulated that companies must submit production and sales returns to the Ghana Revenue Authority (GRA) and MIIF\u2019s Finance Department, reinforcing compliance efforts in line with Ghana\u2019s broader campaign to ensure mining firms meet regulatory and fiscal responsibilities.<\/p>\n<p>Mining royalties are a key revenue stream for Ghana, funding critical infrastructure, social projects, and government initiatives aimed at economic development.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s Minerals Income Investment Fund (MIIF) has set a December 1, 2024, deadline for all licensed mining companies to clear outstanding mineral royalties, warning of potential sanctions for those failing to comply. MIIF\u2019s directive, issued as a public notice, aims to enforce the Minerals Income Investment Fund Act, 2018 (Act 978), which mandates royalty payments [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":217208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-249416","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana&#8217;s Minerals Income Investment Fund (MIIF) has set a December 1, 2024, deadline for all licensed mining companies to clear outstanding mineral royalties, warning of potential sanctions for those failing to comply. MIIF\u2019s directive, issued as a public notice, aims to enforce the Minerals Income Investment Fund Act, 2018 (Act 978), which mandates royalty payments [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-12T08:31:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies\",\"datePublished\":\"2024-11-12T08:31:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/\"},\"wordCount\":182,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/21633446.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/\",\"name\":\"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/21633446.jpg\",\"datePublished\":\"2024-11-12T08:31:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/21633446.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/21633446.jpg\",\"width\":600,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/12\\\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/","og_locale":"en_US","og_type":"article","og_title":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com","og_description":"Ghana&#8217;s Minerals Income Investment Fund (MIIF) has set a December 1, 2024, deadline for all licensed mining companies to clear outstanding mineral royalties, warning of potential sanctions for those failing to comply. MIIF\u2019s directive, issued as a public notice, aims to enforce the Minerals Income Investment Fund Act, 2018 (Act 978), which mandates royalty payments [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/","og_site_name":"Ghanamma.com","article_published_time":"2024-11-12T08:31:45+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies","datePublished":"2024-11-12T08:31:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/"},"wordCount":182,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/","url":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/","name":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg","datePublished":"2024-11-12T08:31:45+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/21633446.jpg","width":600,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/11\/12\/pay-all-royalties-by-december-1-or-face-sanctions-miif-to-mining-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Pay all royalties by December 1 or face sanctions \u2013 MIIF to mining companies"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/249416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=249416"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/249416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/217208"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=249416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=249416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=249416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}