Audio By Carbonatix
Total pension funds recorded a significant growth to GH¢84 billion as of the 3rd quarter of 2024.
This is compared with GH¢61.8 billion recorded in December 2023 and GH¢46.6 billion in December 2022.
According to the National Pensions Regulatory Authority (NPRA), the Tier-2 pension fund managed by private pension firms constitutes the biggest with a share of 54%.
This is followed by the Tier-1 managed by the Social Security and National Insurance Trust with a share of 25% and Tier-3 (provident fund) with a share of 21%.
About 75% of the pension funds are invested in treasury bills, treasury notes, treasury bonds and Eurobonds and green bonds.
The NPRA hope to reduce its exposure to the Government of Ghana bonds to ensure liquidity at all times.
Meanwhile, the pensions regulator recorded an impairment loss of GH¢1.0 billion in 2023 and wrote-off GH¢101 million.
As of December 31, 2023, GH¢4.2 million has been recovered from the prosecution of recalcitrant defaulting employees.
Latest Stories
-
GPHA kickstarts 40th anniversary celebration with health and awareness walks
5 minutes -
Police station opens at Hitler’s birthplace in bid to rid site of Nazi link
13 minutes -
US, Saudi Arabia set to announce civilian nuclear cooperation deal
14 minutes -
Wontumi sentence is severe and raises questions of fairness — John Peter Amewu
18 minutes -
2026 Mid-Year Budget Review: Traders hope for lower prices and relief from high cost of living
39 minutes -
Project analysts and consultants: standard-bearers for excellence in business project management
40 minutes -
Mid-Year Budget: Gov’t will present true state of economy, not hype – Gbande
41 minutes -
Falling inflation doesn’t mean cheaper goods – Oppong Nkrumah cautions government
1 hour -
Asante Kotoko should have appointed Ignatius Osei-Fosu – Kojo Addae-Mensah
1 hour -
Ghanaians should accept Queiroz as a defensive coach – Kojo Addae-Mensah
1 hour -
Ghana introduces New Basic School Curriculum with Coding, AI and Local Language focus
1 hour -
Asamoah Gyan visits John Laryea ahead of August 15 fight against Adrian Robledo Maximiliano
1 hour -
Mid-Year Budget must outline plan to sustain economic gains – Prof Bokpin
1 hour -
‘Dangerous and baseless’ – Stephen Amoah slams Global InfoAnalytics MPs performance poll
1 hour -
Further infant remains uncovered at former mother-and-baby home
2 hours