Ghana's Minerals Income Investment Fund (MIIF) has issued an official rebuttal following a publication in The Chronicle newspaper on June 24, 2026, which claimed that MIIF had increased its investment in mining company Electrochem.

Official Position of MIIF

In its statement, MIIF emphasized that the information about increased investment is false. The fund maintains its previous stake in Electrochem and has not made any additional investments. MIIF representatives called the publication erroneous and urged media outlets to verify data before publishing.

Public Reaction

Despite the denial, the situation has sparked interest among experts. Some analysts note that even without increasing its stake, MIIF remains a key player in Ghana's mining sector. However, exact investment figures are not disclosed.

Conclusion

As a virtual card service, VirtCardPay reminds you: in finance, always rely on verified sources. Double-check information, especially when it involves investments and assets.

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Sources

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