Ghana Stock Exchange Pursues Nigerian Pension Funds and Global Investors to Stimulate Real Sector Investment

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The Ghana Stock Exchange (GSE) has outlined its strategy to entice Nigerian pension funds and international investors in a bid to boost investments in Ghana’s real sector.

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According to Abena Amoah, Managing Director of GSE, the exchange is specifically targeting Nigeria’s pension assets, which exceeded N19.5 trillion as per the latest report by Nigeria’s National Pension Commission (PenCom) in January 2024.

Amoah highlighted the significance of pension fund investments, describing them as patient capital crucial for advancing Ghana’s economic sectors.

She noted the GSE’s efforts in introducing Nigerian pension funds to various asset classes and natural resources through facilitated roadshows and engagements.

“We’ve observed a notable increase in equity investments from pension funds, rising from less than two percent to nearly 10 percent over the past two years,” Amoah remarked, underscoring the growing interest not only from Nigeria but also from other African pension funds and global investors.

The Managing Director emphasized the positive outlook for Ghana’s market recovery and enhanced investor confidence, citing recent agreements such as Ghana’s MOU with international bilateral creditors and the impending release of IMF funds.

“Ghana’s local pension funds, managing approximately GHC50 billion, are actively seeking diversification beyond government securities,” Amoah added, emphasizing the GSE’s role as a pivotal platform for capital mobilization to support local businesses.

The GSE’s initiatives aim to fortify Ghana’s financial ecosystem, attract long-term investments, and foster sustainable economic development across the region.

(Source: Bloomberg)

Gbenga Samson
Gbenga Samsonhttp://ThisDayLive.com
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

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