Pension industry leaders pledge to strengthen resilience of pension industry
Pension industry leaders convened in Accra on Wednesday for the eighth edition of the Pension Strategy Conference and called for renewed resolve in strengthening the resilience and long-term sustainability of Ghana’s pension industry to safeguard the retirement income security of contributors.
That, the participants, said woulddrive national economic development.
Held under the theme: ‘Renewing the Ghanaian Pension Promise: Promoting Confidence, Resilience and Sustainable Growth,’ the conference hosted by Axis Pension Trust, brought together key stakeholders to examine the evolving investment landscape and the future direction of pension fund management in Ghana.
The objective of the pension scheme is to provide pension benefits to ensure retirement income security for workers; ensure that every worker receives retirement and related benefits as and whendue; and establish a uniform set of rules, regulations and standards for theadministration and payment of retirement.
In his opening presentation, Chief Executive Officer of Axis Pension Trust, MrAfriyieOware, challenged stakeholders to critically assess whether the pension industry is adequately positioned to deliver meaningful retirement security for contributors in the years ahead.
He stressed the need for disciplined long-term investment thinking and deeper collaboration across the ecosystem in order to strengthen pension outcomes and achieve the intended objectives of the pension sector reform under Act 766.
One of the dominant themes emerging from the conference was the growing need for pension funds to diversify beyond traditional government securities into productive sectors of the economy that are capable of generating long-term value.
A high-level panel discussion, featuring fund managers, pension fund trustees and a custodian, explored how pension capital can be deployed more effectively into sectors such as infrastructure, manufacturing and agriculture while balancing the fiduciary responsibility and risk management obligations of trustees.
Panelists as well as conference participants, highlighted persistent barriers including limited ‘bankable’ projects, structuring challenges and regulatory constraints within the ecosystem.
However,the speakers also noted that Ghana’s current economic transition presents a strategic opportunity for pension funds to reposition portfolios toward sustainable long-term growth while supporting broader developmental outcomes.
The participants commended organisers of the conference for consistently creating a credible platform for strategic engagement and knowledge sharing within the pensions industry.
By convening stakeholders around critical industry issues, Axis Pension continues to distinguish itself as a thought leader committed to advancing innovation, informed dialogue and long-term value creation within Ghana’s retirement savings ecosystem.
As Ghana’s pension industry navigates the dynamic economic and investment environment, this year’s conference reinforced the growing consensus that the future of pension sustainability will depend not only on regulation and governance, but also on the willingness of industry leaders to rethink traditional investment models.
The participants called for collaboration across the industry to ensure that pension funds continue to serve as reliable enablers of long-term financial security and national development.
Renowned Economist and Professor of Finance at the University of Ghana Business School, Professor GodfredBokpin, who delivered the keynote address provided an assessment of Ghana’s post-IMF economic transition and its implications for institutional investors.
Speaking on the topic ‘Navigating Ghana’s Post-IMF Transition: Historical Perspectives and Future Prospects,’ he stressed the importance of fiscal discipline, policy credibility and productive capital allocation in driving sustainable economic recovery.
BY KINGSLEY ASARE
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