Ghana: Pension Funds Decry Offshore Investment Ban As Counterproductive

Ghana: Pension Funds Decry Offshore Investment Ban As Counterproductive

By Ebi Kesiena Executives in Ghana’s pensions sector have criticised the government’s ban on offshore investments, warning that it undermines their ability to manage risk, even as authorities attempt to revive the domestic bond market following the country’s sovereign debt restructuring. Last year, Accra barred pension funds from investing workers’ savings abroad after concluding the restructuring of its local and external debt, a move that wipe…