Ghana mining fund to invest $60 mln in 2022 expansion drive - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The fund responsible for managing Ghana’s mining royalties plans to invest up to $60 million this year in companies both within and outside the gold-producing West African nation, its chief executive told Reuters. Ghana mining

The Minerals Income Investment Fund bought about $20 million worth of shares last week in the Toronto- and Frankfurt-listed Asante Gold Corporation, which operates Ghana’s Bibiani Gold Mine.

Edward Koranteng, the fund’s chief executive, told Reuters in an interview on Wednesday that the Asante purchase was only the first step in a wider push for positions in high-yielding mines in Ghana and abroad. This year, the fund has particular interest in industrial salt companies, which Koranteng says could become major suppliers to the region’s numerous gas and oil wells.

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