The Ghana Stock Exchange (GSE) is making strides to attract Nigerian pension funds and global investors to boost investments in the country’s real sector. Managing Director Abena Amoah revealed that the exchange is targeting Nigeria’s impressive N19.5 trillion pension asset, with significant progress already made in this endeavor.
According to the National Pension Commission (PenCom), Nigeria’s pension fund assets saw a six percent month-on-month increase to N19.5 trillion as of January 2024, marking the highest growth rate in recent months. The industry’s overall assets under management also surged by +28 percent year-on-year.
Amoah emphasized the importance of pension fund money as patient capital for long-term investment in the real economy. The GSE is actively engaging with Nigerian, African, and global investors, showcasing different asset classes and natural resources through roadshows.
With the Ghanaian government securing agreements with international creditors and IMF support, the GSE is witnessing positive signs of recovery and investor confidence. The local pension fund’s diversification with GHC50 billion AUM presents ample opportunities for the exchange to raise capital for businesses in Ghana.