{"id":1212247,"date":"2022-09-28T07:05:07","date_gmt":"2022-09-28T07:05:07","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/28\/ssnit-pension-scheme-continues-to-post-negative-return-on-investments-records-12-6-return-in-quarter-1-report\/"},"modified":"2022-09-28T07:05:07","modified_gmt":"2022-09-28T07:05:07","slug":"ssnit-pension-scheme-continues-to-post-negative-return-on-investments-records-12-6-return-in-quarter-1-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/28\/ssnit-pension-scheme-continues-to-post-negative-return-on-investments-records-12-6-return-in-quarter-1-report\/","title":{"rendered":"SSNIT pension scheme continues to post negative return on investments; records -12.6% return in quarter 1 \u2013 Report"},"content":{"rendered":"

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The Social Security and National Insurance Trust (SSNIT) pension scheme continued to post a negative real rate of return, recording -12.6% at the end of the first quarter of this year.<\/p>\n

According to the Financial Stability Review report by the Bank of Ghana, assets available for benefits of the SSNIT-managed Basic National Social Security Scheme (BNSSS) dropped marginally by 2.3% to \u00a211.28 billion in March 2022 from the \u00a211.54 billion recorde in 2021 Quarter 4.<\/p>\n

Also, though the private pensions industry remained resilient in 2021, the worsening macroeconomic conditions in the 1st half of this year present a new challenge in the industry.<\/p>\n

Again, persevering the value of pension funds and achieving a positive real rate of return on the investment of contributors\u2019 funds, given the upsurge in the inflation rate is becoming increasingly difficult.<\/p>\n

But the Trust is however hopeful that the indicators will improve when public indebtedness is reduced.<\/p>\n

Meanwhile, despite the effects of the Covid-19 pandemic and other unfavorable economic conditions, private pension fund assets rose from \u00a228 billion in 2021 Quarter 4 to \u00a231.4 billion by the end of June 2022.<\/p>\n

This performance, the report, said can be attributed to increased contribution mobilisation (through effective prosecution of defaulters) and favorable investment outcomes<\/p>\n

\u201cIt is expected that macroeconomic conditions will improve in the 2nd half of the year to enable the private pensions industry achieve a positive real rate of return on investments of pension assets\u201d, it added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Social Security and National Insurance Trust (SSNIT) pension scheme continued to post a negative real rate of return, recording -12.6% at the end of the first quarter of this year. According to the Financial Stability Review report by the Bank of Ghana, assets available for benefits of the SSNIT-managed Basic National Social Security Scheme […]<\/p>\n","protected":false},"author":1,"featured_media":1212248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5411,4687,845,1235,1159,1553,356,1584,1970,3582,364],"class_list":["post-1212247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-continues","tag-investments","tag-negative","tag-pension","tag-post","tag-quarter","tag-records","tag-report","tag-return","tag-scheme","tag-ssnit"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1212247"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1212247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1212247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1212247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}