Bank of Ghana Governor Dr. Johnson Pandit Asiama announced that pension fund assets have now exceeded GH¢100 billion, positioning them as one of the economy’s largest pools of investible capital.
Speaking at the inauguration of the Steering and Technical Committees for the Bank Listing Project in Accra on Wednesday, February 11, he highlighted improved macroeconomic stability, returning confidence, and rapid growth in domestic long-term capital. Dr. Asiama noted that markets are playing a more prominent role in the financial system, with pension funds holding 15-35% equity in several listed banks, showing domestic investors’ readiness to support bank ownership under proper frameworks.
Key Project Goals
Listing banks promotes transparency, market discipline, and links long-term domestic savings to sustainable banking growth.
Ghana’s banking sector varies, with some banks foreign-owned or state-linked, requiring a flexible, sequenced listing framework that upholds prudential and governance standards.
The committees, comprising experts from financial markets, stability, supervision, academia, and stakeholders, will develop a practical framework to enable orderly listings, enhance governance, mobilize capital, and maintain system confidence.
Dr. Asiama urged the committees to deliver rigorous, reality-based recommendations, with full secretariat and management support.
Story by : Mercy Addai Turkson@ahotoronline.com