Audio By Carbonatix
Citi Business News has gathered that pension fund manager; SSNIT is likely to become a major player in the telecom industry soon.
The pension fund manager has hinted that it is considering plans to invest in the sector.
SSNIT has investments in many of the sectors in the country including banking, insurance, housing and energy.
It is unclear what exact role SSNIT may play in the sector which is largely dominated by foreign multinationals.
But the Director General of SSNIT, Dr Frank Odoom told Citi Business News it will soon embark on a number of feasibility studies to ensure its investments in the sector will profitable.
“The telecom industry is important. Whatever investment we do we must make sure it gives me the returns we desire to sustain the fund. So I will not just enter into telecoms, I will enter into telecoms after we have done the numbers or we believe that it is going to be profitable.”
According to him, “investment going to investment is not just about waking up one morning and saying ‘Ah Telecom, Boom! !’ You need to analyze, you need to do all the things to make sure that this is indeed going to return a certain benchmark or more than the benchmark that you have set myself in order for the scheme to be sustainable.”
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
-
GES to submit more data to CAGD to process outstanding teacher promotion arrears – Education ministry
6 minutes -
I wish to experience childbirth; I’m jealous of women – Okyeame Kwame
17 minutes -
Manhyia South constituents demand apology from EOCO over attempt to ‘unlawfully’ arrest MP
20 minutes -
Twelve women have been killed in one part of South Africa since July. Here’s what we know so far
23 minutes -
OMJ Foundation commits to supporting transport, safety and livelihoods of commercial riders in Akuapem South
26 minutes -
The Reciprocity crisis: Why Ghana welcomes British Professionals while the UK relegates ours
27 minutes -
GNAT rejects gov’t fresh assurances, demands implementation of August 31 agreement
37 minutes -
Gabriel Tanko Kwamigah-Atokple appointed Patron of NDC UK and Ireland Aldershot Branch
42 minutes -
Bawumia engages Ghana Medical Association on health workforce and licensing concerns
45 minutes -
SEC shuts down Nyak-City Hostels over unlicensed investment scheme
46 minutes -
The Ladder Project engages 60 UPSA student leaders on leadership and Ghana’s next chapter
48 minutes -
National Investment Quiz: St. Augustine’s, Prempeh College advance to semi-finals
53 minutes -
Leadership is about responsibility, not titles – Sammi Awuku tells UPSA students
55 minutes -
National Investment Quiz: Corpus Christi, Wesley Girls, advance to semi-finals
59 minutes -
Phone dealer murder: 3 suspects remanded as court adjourns Teshie case
1 hour