The Chief Investment Officer of Axis Pension Trust says the banking sector cleanup has helped save investments of its customers.
Speaking to JoyBusiness at the Axis Pension Trust’s Annual General Meeting (AGM) in Accra, Nana Wiafe Boamah said but for the timely intervention of the Bank of Ghana, they would have lost their clients investments to some of the collapsed banks.
He said, "The intervention from government and the Bank of Ghana was a blessing."
Mr Wiafe Boamah added that Axis Pension Trust "does due diligence and will continue to ensure investors funds are protected at all times."
The Investment Officer stated that from 2012 to 2018, the fund made 16% gains despite the turbulence due to the uncertainty in the financial sector.
The Director in charge of Planning, Research Monitoring and Evaluation at the National Pensions Regulatory Authority (NPRA) Ernest Amartey-Vondee stated that the informal sector which forms about 85 per cent of the working population must be roped into the pension scheme.
He said education must be intensified on pensions and its benefits to every worker in Ghana.
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
-
Embrace ICT to fit in digital world – Ho NYA boss to youth
3 mins -
We don’t want armed soldiers at polling stations – Tanko-Computer
6 mins -
Drama as police corner armed robbers inside locked forex bureau at Lapaz
17 mins -
Nigerian-born conquers childhood hearing loss to become KNUST’s overall best graduating student
43 mins -
ECOWAS Court orders compensation for violations against New Force’s Shalimar Abbiusi
55 mins -
Dreams FC denies allegations of attempting to sign Najeeb Yakubu
2 hours -
Election 2024: ‘Right to free and fair elections non-negotiable’ – Akufo-Addo
2 hours -
Kurt Okraku took out my passport from the U23 squad that travelled to Japan – Najeeb Yakubu alleges
2 hours -
Where hope fails: Ghana’s decaying home for the destitute
2 hours -
NDC Mining Committee for 2024 campaign refutes allegations of recruiting thugs for elections
3 hours -
Traction Control: A lifesaver with an off switch? Here’s why it exists
3 hours -
I don’t need anyman to woo me with money – Miss Malaika 2024 winner refutes pimping claims
3 hours -
”Kurt Okraku sabotaged my national team career because I refused to sign with Dreams FC” – Najeeb Yakubu
3 hours -
Businesses urged to leverage Generative AI for enhanced customer engagement
3 hours -
MultiChoice Ghana partners with Ghana Hotels Association to elevate guest entertainment
3 hours