The Social Security and National Insurance Trust’s (SSNIT) total Investment Portfolio for 2018 hits GH¢9,464.51 million as a result of prudential investment in Fixed Income, Equities, Real Estate and other investment instruments.
The Trust invested GH¢4,426.93 million in equities; GH¢2,937.11 million in fixed income; and GH¢2,100.47 million in alternative investments including Real Estate, and Private Equity.
Dr John Ofori-Tenkorang, SSNIT Director-General explained at a media engagement in Aburi that 99 per cent of the Trust’s investment were domestically domiciled, therefore performance of the Ghanaian economy had a great impact on the performance of its investments.
He explained that the fixed income investments focus on treasuries, corporate bonds, government bonds, corporate loans and government loans, whilst the equities investments were in both listed and unlisted companies.
The Real Estate investments were mainly in landed property, project development and property management; whilst other investment instruments were mostly in economically targeted investments and private equity.
Dr Ofori-Tenkorang said the new Board and Management had undertaken strategic decision to rebalance investment portfolio by increasing investments in Fixed Income, and improve non-performing loan book through restructuring of underlying investee companies.
He said the new management team will also ensure a decrease in equity exposure and restructure non-performing investments; improve the performance of investee companies through better corporate governance and roll out of corporate targets.
Mr Kofi Bosompem Osafo-Maafo, SSNIT Deputy Director in charge of Investments and Development, also explained that in the financial sector, the Trust has 33.18 per cent holdings in CAL Bank; 29.89 per cent in GCB Bank; 26.09 per cent in Republic Bank, Ghana; and 19.36 per cent in Societé Generale Ghana.
Others are; 16.21 per cent in Ecobank Ghana; 15.00 per cent in Ghana International Bank; 14.55 per cent in Standard Chartered Bank Ghana; 13.58 per cent in Fidelity Bank; 3.59 per cent in Universal Merchant Bank; 3.86 per cent in Ecobank Transnational Incorporated; and 11.82 per cent in SIC Company Limited.
The rest are; 6.20 per cent in Enterprise Group Limited; 75.00 per cent in the National Trust Holding Company Limited (NTHC); 5.00 per cent in Exim Guaranty Company; 1.10 per cent in Bayport Financial Services Ghana; and 1.30 per cent in CDH Holdings.
In the Real Estates Companies and Joint Venture sector, Mr Osafo-Maafo explained that SSNIT has 100 per cent holding in the Central Car Park Company; Ghana Hostels; and Ghana Industrial and Commercial Estates Limited (GICEL)
The Trust also has 90.00 per cent holding in MMC Company Limited; 42.00 per cent in Gulf Consolidated Company Limited; 40.00 per cent in West Hills Mall Limited; and 32.00 per cent in Broll Ghana Limited.
Mr Osafo-Maafo stressed that the Trust has 80.00 per cent holding in West Hills Ridge Limited; 70.00 per cent in Switchback Developers Limited; 70.00 per cent in Trust F-Line Properties Limited; and 70.00 per cent in RSS Developers Limited.
He said SSNIT has investments in commercial properties including 16 High Rise and Office Complexes across the country; the Emporium, Airport City, Accra; World Trade Centre, Accra; SSNIT Ridge Tower; Premier Tower; and Heritage Tower, all in the Ridge Accra enclave.
Others are the Trust Tower, Adabraka, Accra; Pension Tower, Tamale; SSNIT House, Takoradi; SSNIT North Industrial Area, Accra; Round House, Ridge Accra; Okofoh House, Adabraka, Accra; and Adum Office Complex, as well as the Asafo Office Complex all in Kumasi.
The rest are Sunyani Office Complex, Bolga Office Complex, Bolgatanga; and the Koforidua Office Complex.
Mr Osafo-Maafo said in the Services Sector, which included Health Care, SSNIT had invested and built a General Hospital, two Specialist Hospitals, six Community Clinics, and Indirect Investments in Diagnostics and Radiotherapy Centres.
He said the Trust is anchored on a solid foundation to absorbed and stand any financial turbulences, “We are not just investing but we are investing in profitable ventures, whilst managing the resources well”.