Ghana restricts pension fund investments abroad

Ghana has decided to prohibit the country's pension fund from making investments abroad, according to well-informed sources. This decision comes in the context of growing concerns about the stability of the national currency and aims to prevent potential capital outflows. The government is responding to volatile global markets, with the Ghanaian Cedi remaining a focal point for officials. Foreign investments have previously been used to diversify pension fund portfolios and achieve higher returns. However, the new policy could force investors to focus more on the domestic market, which could have long-term effects on its development. Proponents argue that this could boost the domestic economy. Critics, on the other hand, see the risk that investors might lose out in global competition. This measure is part of a series of steps taken by the Ghanaian government aimed at ensuring economic stability and combating inflationary tendencies. How this will affect the financial security of pensioners in the long term remains to be seen.