Government is to engage the National Pensions Regulatory Authority (NPRA) and pension funds managers to invest the funds into infrastructure development.
This, according to the Finance Minister, Dr Mohammed Amin Adam, will yield the needed returns to improve the lot of pensioners.
Meanwhile he says from January to June this year, government has expended over GHC10 billion on road construction.
The Dr Amin Adam, who announced this at a high-level expert discussions on roads, on August 7, said this will reduce the burden on government in securing funds for infrastructure development.
“We want to look internally at leverage more predictable funding sources such as pensions funds. I can gather that pension assets and management yielded almost GHC50 million last year. Therefore, we want to work with the regulator and the pension funds to ensure we structure a regime that allows the pension funds to co-invest in commercially attractive infrastructure projects that deliver stable returns on investment,” he said.
More soon…
The post Government to engage NPRA to invest pension funds in commercially attractive infrastructure – Finance Minister first appeared on 3News.
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