\n
Ms Abena Amoah, Chief Executive Officer (CEO) of Ghana Stock Exchange (GSE), says inflation and concentration risk reduce pension scheme investment returns.<\/p>\n
She advised pension schemes not to over-concentrate on government securities, without considering other investment options, which often plunge them into significant market risk and reduced returns.<\/p>\n
The CEO said this during the Second Annual General Meeting (AGM) of the Health Sector Occupational Pension Scheme (HSOPS) in Accra.<\/p>\n
The AGM, themed \u201cSafeguarding the Achievements of Tier 2 Funds: A Collaborative Duty of Stakeholders,\u201d highlighted Tier 2 pension schemes\u2019 contribution to investment growth.<\/p>\n
The GSE CEO said inflation, for example, undermined the profits of pension schemes, resulting in inadequate compensation for pensioners.<\/p>\n
She stated that due to over-concentration on government securities, including bonds, pension funds were impacted by government decisions, particularly the Domestic Debt Exchange Programmes, which lowered their returns on investment.<\/p>\n
The CEO urged pension schemes to pursue real sector investments, ownership of Ghanaian resources such as interests in mining firms and investments in state-owned companies with strong financial performance in order to maximise returns.<\/p>\n
She also urged the regulator to streamline regulations to allow pension schemes in Ghana to invest off-shore: in regulated African and global markets.<\/p>\n
Miss Amoah urged pension schemes to partner with capital market players to be advised on how to increase investment returns and economic potential.<\/p>\n
She recommended that the Tier 2 pension schemes adopt technology to double access pension products, innovate, and enhance financial literacy.<\/p>\n
Ghana\u2019s total private pension funds grew by 32 per cent in 2023, compared to 26 per cent recorded in 2022.<\/p>\n
Total private pension funds under management for 2023 was GH\u00a246.5 billion, compared to GH\u00a2 35.3 billion recorded in 2022.<\/p>\n
According to the Bank of Ghana, the sustained growth in private pension funds is attributable to better returns on investments and the prosecution of employers defaulting on Tier 2 contributions, which increased inflows.<\/p>\n
The second AGM for HSOPS was attended by representatives of various health sector workers, including medical doctors, nurses, physician assistants, and pharmacists.<\/p>\n
Presenting the financial report, Dr. Derek Boateng, Chairperson, Board of Trustees, said the scheme continued to record remarkable investment returns year-over-year.<\/p>\n
He noted that for 2023, the scheme recorded a total gross investment income of GHS 832 million compared to GHS 447 million in 2022.<\/p>\n
The Chairperson said the net investment income of GHS 830 million was also achieved during the year.<\/p>\n
He said the achieved investment income resulted in a significant increase in the gross return from 21.7 per cent in 2022 to 39 per cent in 2023.<\/p>\n
The AGM also featured the presentation of the five(5) strategic plans, which were presented by Mrs. Perpetual Ofori-Ampofo, a member and secretary to the board of trustees.<\/p>\n
She said the board desired that HSOPS would continue to be a credible scheme that paid reasonable and sustainable one-time lump-sum Tier 2 benefits to members.<\/p>\n
Members accepted the financial report of the scheme.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Ms Abena Amoah, Chief Executive Officer (CEO) of Ghana Stock Exchange (GSE), says inflation and concentration risk reduce pension scheme investment returns. She advised pension schemes not to over-concentrate on government securities, without considering other investment options, which often plunge them into significant market risk and reduced returns. The CEO said this during the Second […]<\/p>\n","protected":false},"author":1,"featured_media":251673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-251672","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ms Abena Amoah, Chief Executive Officer (CEO) of Ghana Stock Exchange (GSE), says inflation and concentration risk reduce pension scheme investment returns. She advised pension schemes not to over-concentrate on government securities, without considering other investment options, which often plunge them into significant market risk and reduced returns. The CEO said this during the Second […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-15T21:20:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"369\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss\",\"datePublished\":\"2024-11-15T21:20:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/\"},\"wordCount\":475,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/63707708.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/\",\"name\":\"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/63707708.jpg\",\"datePublished\":\"2024-11-15T21:20:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/63707708.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/63707708.jpg\",\"width\":600,\"height\":369},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/15\\\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/","og_locale":"en_US","og_type":"article","og_title":"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com","og_description":"Ms Abena Amoah, Chief Executive Officer (CEO) of Ghana Stock Exchange (GSE), says inflation and concentration risk reduce pension scheme investment returns. She advised pension schemes not to over-concentrate on government securities, without considering other investment options, which often plunge them into significant market risk and reduced returns. The CEO said this during the Second […]","og_url":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/","og_site_name":"Ghanamma.com","article_published_time":"2024-11-15T21:20:10+00:00","og_image":[{"width":600,"height":369,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss","datePublished":"2024-11-15T21:20:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/"},"wordCount":475,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/","url":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/","name":"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg","datePublished":"2024-11-15T21:20:10+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/63707708.jpg","width":600,"height":369},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/11\/15\/inflation-concentration-risk-erodes-pension-investment-returns-gse-boss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Inflation, concentration risk erodes pension investment returns \u2014 GSE Boss"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/251672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=251672"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/251672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/251673"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=251672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=251672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=251672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}