Audio By Carbonatix
The Social Security and National Insurance Trust (SSNIT) is now venturing into energy power generation.
The trust has already completed the construction of a 126 megawatt Thelma plant which is located in Tema.
Test runs have also been carried out over the past weeks for it to be connected to the national grid by the middle of this month.
SSNIT over the years has been investing in financial institutions, hospitality, housing and recently in the aviation industry.
Director General of SSNIT, Dr. Frank Odoom tells Joy Business this is part of strategies to grow the pension fund by exploring new areas.
He added that “We continuously look for areas and avenues to invest in and we believed that this is sector that we can explore.”
“You know in pension funds all that you need is a continuous cash flow to pay your benefits and we believed going this area will help us a lot.”
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
-
NPP demands release of Hanan Abdul-Wahab, wife, cites abuse of power by EOCO
49 minutes -
GES warns schools against unauthorised fee collection from students
1 hour -
Kusease D/A Basic School appeals for computers to improve ICT teaching
1 hour -
West African megapolis emerging, Ghana risks being left behind — Ofosu-Dorte
1 hour -
Ghana’s planning system over-relies on utilities chasing development — Ofosu-Dorte
1 hour -
Charles Amissah death report raises concerns over National Ambulance Service response
2 hours -
You can’t brand a city with galamsey – Ofosu-Dorte warns
2 hours -
Health Minister orders sanctions for health workers named in Amissah death probe
2 hours -
Ghana once had efficient bus systems but urban mobility has declined — Ofosu-Dorte
2 hours -
Former president John Agyekum Kufuor and ICCO back strategic cocoa transformation at ACFIF 2026
2 hours -
Five new players to watch in Ghana vs Mexico friendly
2 hours -
Weak mass transport systems worsening Accra congestion — Ofosu-Dorte
2 hours -
How colonial policies still haunt Ghana’s cities – David Ofosu-Dorte breaks it down at JoyNews Speaker Series
2 hours -
Housing in cities becoming unaffordable, fuelling homelessness – Ofosu-Dorte
2 hours -
The 24-Hour Economy has a consumer problem — and it is us
2 hours