Ghana State Pension Fund Taps Growing Middle Class With M
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Ghana’s state pension fund, which has 3.6 billion cedis ($1.9 billion) in assets, is boosting investments in shopping malls in the West African nation, where oil-led growth is outpacing the regional average.
Social Security and National Insurance Trust, which holds stakes in residential real estate and office buildings, sees retail as the country’s next growth area as a middle class emerges, Jerome Eshun, general manager for investment and development, said in an interview in Accra, the capital, on March 18.