Public pension trust, SSNIT, is set pull out its investment from some manufacturing firms in the country.

The move by the biggest institutional investor in the country is being influenced by plans to ensure prudent returns on its investments.

SSNIT currently has substantial  investments in 18 companies in the manufacturing sector.

The public pension trust currently has investments  in manufacturing firms like Aluworks, Bridal , Fos Aluminium, Bessblock Concrete Products , Ghana Agro  Food Co , Produce Buying Company, Dannex Ghana , Sentuo Steel  Limited, Granite and Mable, Golden Web, Ayrton Drugs,  Guinness Ghana , Cocoa Processing Company, Unilever Ghana, Benso Oil and Fan Milk Ghana.

SSNIT also has investments in 22 out of 36 companies listed on the  Ghana stock exchange.

Some of the investments are spread in residential properties, community markets and malls , property alls  and Real Estate companies.

According to SSNIT, real returns on its investments stands at  almost 17 percent, which exceeds actuarial valuation targets. 

SSNIT is  currently worth, a little over 6 billion Ghana cedis

The trust is currently awaiting approval of its board to go ahead with the planned withdrawal of investments.