Skip to content
Subscriber Only

Ghana Pension Reform to Result in $400 Million to Manage

Ghana’s equity and debt markets will receive as much as $400 million annually beginning this year through privately managed funds linked to a mandatory government pension scheme, boosting efficiency and liquidity in the West African nation’s capital markets, Renaissance Capital economist Yvonne Mhango said.

About 25 percent of the funds will be invested in equities, implying $1.9 million a week will enter the stock market, which has a weekly turnover of $1.8 million now, Mhango said in an e-mailed note to clients dated today. The bulk of the remaining $300 million will go into cedi-denominated debt, she said.