Audio By Carbonatix
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
-
No break-in, no theft at Ashaiman showroom – Hisense Ghana clarifies
31 minutes -
This Saturday on Newsfile: Attack on free speech and return of GN Bank
52 minutes -
The evidence before High Court continues to expose weakness of the Republic’s case against Wontumi
56 minutes -
I recommended Haruna and Muntaka for ministerial roles — Asiedu Nketia
2 hours -
The Cost of Macroeconomic Stabilization: An Analysis of the Bank ofGhana’s 2025 Financial Deficit
2 hours -
Haruna Iddrisu takes a subtle jibe at Asiedu Nketia’s ‘Thank You Tour’
2 hours -
GSA, PTB donate 50 calibrated weighing scales to Techiman traders on World Metrology Day
2 hours -
US says temporary visa holders should leave to apply for Green Cards
2 hours -
Asiedu Nketia pledges stronger welfare support for former NDC executives
3 hours -
NDC parliamentary leadership reshuffle secured 2024 election victory – Asiedua Nketiah
4 hours -
Agbodza visits Adaklu-Helekpe mudslide victims, warns of more danger around mountain
4 hours -
TTAG urge government’s urgent action on recruitment and postings
4 hours -
World Vision Ghana brings joy to Wa West children with mass birthday celebration
4 hours -
Health Ministry announces mop-up exercise for validation and posting of health professionals
4 hours -
GoldBod wins community backing for responsible mining support program in Ashanti Region
4 hours