Abena Amoah<\/em><\/strong><\/p>\n\u00a0<\/p>\n
CHIEF EXECUTIVE Officer (CEO) of the Ghana Stock Exchange (GSE), Abena Amoah, has advised pension scheme operators in the country not to over-concentrate on government securities, without considering other investment options.<\/p>\n
According to her, inflation and concentration risk reduce pension scheme investment returns which often plunge them into significant market risks and reduced returns in the long run.<\/p>\n
She made these remarks during the second Annual General Meeting (AGM) of the Health Sector Occupational Pension Scheme (HSOPS) in Accra themed, \u201cSafeguarding the Achievements of Tier 2 Funds: A Collaborative Duty of Stakeholders,\u201d highlighting Tier 2 pension schemes\u2019 contribution to investment growth.<\/p>\n
Explaining further, the GSE CEO indicated that inflation, for example, undermined the profits of pension schemes, resulting in inadequate compensation for pensioners adding 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
She thus urged pension schemes to pursue real sector investments as well as 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
Additionally, she also urged regulators to streamline regulations to allow pension schemes in Ghana to invest off-shore in regulated African and global markets and recommended the adoption of technology by pension schemes, saying it would \u201cdouble\u201d access pension products, innovate, and enhance financial literacy.<\/p>\n
HSOPS AGM<\/strong><\/p>\nThe 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 on a year-over-year basis.<\/p>\n
He noted that for the year 2023, the scheme recorded a total gross investment income of \u20b5832 million compared to the \u20b5447 million recorded in 2022; adding that the net investment income of \u20b5830 million was also achieved during the year.<\/p>\n
This, he explained, resulted in a significant increase in the gross return from 21.7 per cent in 2022 to 39 per cent in 2023.<\/p>\n
BY Nii Adjei Mensahfio<\/strong><\/p>\n\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"
Abena Amoah \u00a0 CHIEF EXECUTIVE Officer (CEO) of the Ghana Stock Exchange (GSE), Abena Amoah, has advised pension scheme operators in the country not to over-concentrate on government securities, without considering other investment options. According to her, inflation and concentration risk reduce pension scheme investment returns which often plunge them into significant market risks and […]<\/p>\n","protected":false},"author":1,"featured_media":252792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-252791","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n
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