https://www.myjoyonline.com/axis-pension-advocates-for-diversification-of-pension-funds-to-allow-investment-abroad/-------https://www.myjoyonline.com/axis-pension-advocates-for-diversification-of-pension-funds-to-allow-investment-abroad/
Pension trustees and other stakeholders in the pension fund management schemes have called on the National Pensions Regulatory Authority (NPRA) to allow for investment across the shores of Ghana which they consider as a safe and secure haven. Speaking to JoyBusiness at the second edition of the Pensions Strategy Conference in Accra, the Chief Investment Officer of Axis Pensions Trust, Nana Wiafe Boamah said, "no one should think government securities and equities are too safe for investors". According to Mr Wiafe Boamah a floor rate of 5% investment by all fund managers will yield great dividends. He said, "As at 2018, the private pensions industry alone had over GHC13 billion assets surpassing the state-sponsored SSNIT scheme". He added that "the rising public debt and the depreciating cedi have generated concerns amongst investors in Ghana. The responsibility, therefore, falls on Trustees to ensure prudent management of pension scheme they oversee". Addressing the concerns raised, the Director in charge of Planning, Research, Monitoring and Evaluation at the NPRA Ernest Armatey-Vondee said his outfit has received petitions in that regard, but holds the view that any attempt to grant investment of pension funds offshore may spell doom for the Ghanaian economy taking into account the role these funds play in creating jobs and sustaining the gains of the local economy. "Allowing the investment of pension funds outside this country means creating jobs for others. What about creating jobs for Ghanaians?" he quizzed. An economist with Databank, Courage Martey, who took his turn to project the outlook of Ghana's economy was optimistic the future looks brighter if the Central Bank maintains the policy directives being pursued in the FX markets after the rigorous financial sector clean-up.

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