Economy

SSNIT plans consolidating interest in some banks

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The Social Security and National Insurance Trust has indicated that it is looking at bringing together all of its interest in some banks in the future. Director General of SSNIT Dr. Frank Odoom tells JOYBUSINESS the plan is to help them better manage their investments in these institutions. He did not say which banks they plan to consolidate, but noted “we continuously reviewing our investments, so I will not tell you that we have this bank or that bank on the line.” “Remember with these things you need to ensure that will is there among these parties and not force anyone,” he said. SSNIT is currently a major shareholder in Fidelity, HFC, and CAL Bank. It recently sold its holdings in Merchant Bank and First Atlantic, and also swapped its interest in The Trust Bank for more shares in Ecobank Ghana.

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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.