RTI Commission upholds MIIF's decision to defer 2024 financial statement disclosure

The Right to Information (RTI) Commission has upheld the Minerals Income Investment Fund’s (MIIF) decision to defer the disclosure of its 2024 financial statements, granting the Fund a statutory period of 90 days to complete the process.

This follows a petition by a former board member of the Fund, who had requested that MIIF publish its 2024 financial report. The former member subsequently escalated the matter to the RTI Commission, seeking to compel the Fund to release the information, and shared his concerns across various print and social media platforms.

However, in a letter dated January 12, 2026, MIIF maintained its position, informing the Commission that some issues had been identified during the initial audit process of the 2024 financial statements.

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The Fund insisted that releasing the report at that stage could result in the dissemination of incomplete, inaccurate, or potentially misleading information to the public.

In its response, the Commission stated, “The Commission has considered the matter and concurs with the Minerals Income Investment Fund's (MIIF) position that disclosure of the requested information at this stage would be premature and may result in the dissemination of incomplete, inaccurate, or potentially misleading information. Accordingly, the Commission agrees with the decision of MIIF to exercise its right to defer access in accordance with section 22 of the Right to Information Act, 2019 (Act 989).”

Section 22 of the Act allows a public institution to defer access to information where the information is required to be published within 90 days of the request or where it has been prepared for submission but is yet to be finalised.

The law further requires the institution to notify the applicant of the reasons for the deferment and the likely period within which the information will be made available.

In its determination, the RTI Commission granted MIIF a deferment period of three months and indicated that should the Fund fail to furnish the requested information after this period, the Commission would take the necessary steps to resolve the matter.

MIIF is mandated under the Minerals Income Investment Fund Act, 2018 (Act 978, as amended) to manage and invest Ghana’s mineral royalties in a transparent, accountable, and sustainable manner for the benefit of present and future generations.

The Fund reiterated its commitment to transparency, stating that it will publish its audited financial statements once all audit processes are duly concluded.

The RTI Commission expressed confidence in MIIF’s cooperation and adherence to the timelines outlined in its decision.