Pension funds in 2021 recorded a nominal growth of 18.44% with total asset of about ¢39.56 billion.
This include the basic national social security.
According to the 2021Annual Budget Performance Report, private pension funds (Tiers 2 and 3) reached ¢28.02 billion at the end of 2021.
Private pension funds invested in various approved asset classes with Government of Ghana Securities stood at about 70.0% in 2021.
Total benefits paid by SSNIT in 2021 including pensions, emigration benefits, invalidity pensions, among others stood at GH¢3.63 million.
Meanwhile, the total asset allocation for privately managed funds at the end of 2021 were government of Ghana securities 69.0% ,Local Government and Statutory Agency securities 15.0%, Corporate Debt securities 5.0% and Bank and other Market securities 5.0%.
Others are Collective Investment schemes 3.0%, Ordinary Shares / Non-redeemable Preference Shares 2.0% and Cash Holding 1.0%.
Active contributors however stood at over 1.7 million with contributions received, amounting to ¢3.38 million.
Latest Stories
-
Access Bank Ghana Plc records commendable financial growth in quarter one, 2024
22 mins -
GFA DC charges Bashir Hayford over alleged misconduct in Bechem Utd game
30 mins -
MTN FA Cup: Dreams FC beat Soccer Intellectuals to make semis
1 hour -
Ayorkor Botchwey champions transformative investment, trade agenda
1 hour -
KNUST, University of Rwanda share experiences in implementation of Mastercard Foundation Scholars Program
2 hours -
Top 10 most visited tourist sites in Ghana 2023
2 hours -
Cecilia Dapaah case: I will reopen investigation into alleged acts of corruption – Mahama
2 hours -
GRA boss charges customs officers to be professional ahead of 2024 general elections
3 hours -
NPP thanks stakeholders for successful Ejisu by-election
3 hours -
Bawumia promises to involve chiefs in licensing miners if elected President
3 hours -
Koda should have visited the pastor to avert the prophecy – Ajagurajah
3 hours -
Emotional support alligator taken and released in swamp
3 hours -
A mate is a mate, Bawumia can’t be in the driver’s seat – NDC Communicator
3 hours -
Over 400 million Google accounts have used passkeys, but our passwordless future remains elusive
3 hours -
Kwame Nkrumah Memorial Park surpasses Aburi Gardens as most visited site in 2023 – GTA
3 hours