The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has called for a review of Ghana’s pension investment strategy, warning that retirement savings are being undermined by weak returns.
Speaking at the maiden Mining and Minerals Convention in Accra on September 9, 2025, Gyamfi questioned why the Social Security and National Insurance Trust (SSNIT), the country’s largest pension manager, has consistently recorded negative or near-negative real returns on its investments.
“It is ironic that while global funds are investing in our mining sector and profiting from it, Ghana’s own pensions are exposed to underperforming assets,” he said.
GoldBod secures airport land for state-owned refinery, laboratory
He urged policymakers and regulators to reorient Ghana’s pension investment strategy by channeling a significant portion into the gold value chain.
According to him, gold has historically proven to be a safe-haven asset, especially in times of economic volatility, and would provide Ghanaian workers with greater security in retirement.
Gyamfi also called on financial institutions, fund managers, and regulators to collaborate with GoldBod in designing instruments that align pension assets with Ghana’s natural resource potential.
He stressed that such a strategy would not only protect workers’ savings but also ensure that Ghanaians have a stronger stake in their own gold wealth, rather than leaving it largely to foreign capital.
SP/MA
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