Accra: Mr Kwabena Boateng, Deputy Managing Director of Wholesale Banking at Fidelity Bank Ghana, has reaffirmed the Bank’s commitment to driving investment transformation and pension optimisation in the country. He made the remarks at the 2025 edition of the Money Summit, organised by the Business and Financial Times at the Kempinski Hotel in Accra, on the theme: ‘Optimising Investment and Pensions Management: Strategies for Sustainable Retirement Income and Economic Growth.’
According to Ghana News Agency, Mr Boateng highlighted opportunities within the 2021 framework introduced by the National Pensions Regulatory Authority (NPRA), which allows Tier 2 pension schemes to create multiple constituent funds tailored to various risk and age profiles. He urged the NPRA to move forward with implementation, emphasising that pension capital should serve as a vehicle for national development, beyond just optimising returns.
On pension fund management, Mr Boateng expressed concern over calls to lower fees to unsustainable levels, cautioning that this could compromise professional quality. He stressed the importance of maintaining professional standards to safeguard the future of Ghanaian retirees, advocating for a system that incentivises quality management.
Mr Boateng praised the organisers for fostering national dialogue on financial and economic issues, stating that Fidelity Bank’s participation was motivated by a sense of national duty. He highlighted the Bank’s role as Ghana’s largest privately-owned indigenous bank in contributing expertise and learning from others to work towards a robust and sustainable financial future.
The Deputy Managing Director outlined three strategic focus areas essential to unlocking long-term investment outcomes. He called for a market-driven approach to macroeconomic stability, suggesting a shift from traditional reliance on interest rate adjustments to policies encouraging capital market financing. This approach, he noted, would reduce pressure on the banking sector and build resilience in the broader economy.
Mr Boateng noted that high Treasury bill rates continued to crowd out investment in longer-term instruments. However, he acknowledged a recovery in private sector credit, which grew by 3.1 percent in real terms as of February 2025, compared with a decline of 14.7 percent in February 2024. He emphasised that capital market development must be supported by fiscal discipline and inflation control to aid macroeconomic policy.
Reiterating Fidelity Bank’s commitment to an inclusive and sustainable financial ecosystem, Mr Boateng pointed to the Bank’s track record of supporting long-term development, even in risky or underserved sectors. He called for regulators, institutions, and individuals to align strategies to secure financial futures and sustainable national growth.
The 2025 Money Summit convened policymakers, financial institutions, investment professionals, and regulators to explore strategies for strengthening Ghana’s pensions and investment framework amid emerging macroeconomic challenges.
