Audio By Carbonatix
The Social Security and National Insurance Trust is to withdraw its investments from some distressed companies.
The firms, including Wahome Steel and GAFCO, are mainly into manufacturing where the Trust concedes it has not been able to manage satisfactorily.
“I am being practical with you, it is not all investment that will do well for various reasons and the sector in which they find themselves. Manufacturing is a very difficult area; that is where we failed woefully,” the Acting General Manager for Investment and Development of SSNIT, Jerome Eshun told Joy Business.
Such investment disasters are among some of the reasons why SSNIT is said to have failed.
But Mr. Eshun disputes this. He says the Trust has been extremely successful in the stock market where its contribution has been immense.
He maintains the Trust’s assets have also been adequately spread in order to ensure contributors’ monies are safe.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Accra Open Championships conclude with strong performances ahead of African Championships
6 minutes -
Ghana to begin camping with 12 athletes after Accra Open Championships – Bawa Fuseni
27 minutes -
Anthony Joshua declines showdown with Tyson Fury but admits they ‘probably’ clash next
40 minutes -
Tyson Fury dominates Makhmudov, calls out Joshua next
59 minutes -
I have supported highway authority financially to fix roads in my constituency – A PlusÂ
2 hours -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
2 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
3 hours -
Port crises loom as 11,000 drivers threaten four-day strike
4 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
5 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
5 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
6 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
6 hours -
Monetise Idiocy In Ghana
7 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
7 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
8 hours