Ghana Pension Fund Won’t Sell HFC Bank Stake to Trinidad Lender
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Ghana’s state pension fund has no plans to sell its stake in HFC Bank Ghana Ltd. to Trinidad and Tobago-based Republic Bank Ltd., thwarting the Caribbean lender’s plans to boost its investment in the West African bank.
The Social Security and National Insurance Trust has received good dividends from HFC, Noel Addo, general manager for investment and development at the retirement-fund manager based in the capital, Accra, said in an interview on Friday.