Enterprise Tier 2 Occupational Pension Scheme grew assets under management by 27 per cent to GH¢5.99 billion at the end of 2025, as stronger investment returns and a broader asset allocation strategy helped the fund outperform its benchmark despite declining interest rates.
The increase from GH¢4.71 billion a year earlier translated into a GH¢1.289 billion rise in assets, with investment returns contributing GH¢915 million, or 71 per cent of the growth, while member contributions accounted for the remaining 29 per cent, according to figures presented at the scheme’s annual general meeting.
The scheme delivered a gross return of 21.3 per cent in 2025, exceeding its 18.09 per cent benchmark and improving on the 19.58 per cent recorded in 2024.
Since its launch in 2012, it has generated a compound annual growth rate of 20.18 per cent, above the long-term benchmark of 19.66 per cent, while the unit price has risen more than 1,100 percent from GH¢50 to GH¢553.82.
Management
Management attributed the stronger performance to portfolio diversification as yields on money market instruments and Treasury securities declined during the second half of the year.
The fund reduced its allocation to government of Ghana securities to 59.83 per cent from 68.7 percent in 2024, while increasing exposure to equities, collective investment schemes and alternative assets.
Speaking at the company’s Annual General Meeting (AGM) in Accra on Wednesday, the Managing Director of Enterprise Trustees, Joseph Ampofo, said the strategy enabled the scheme to sustain returns while preserving members’ retirement savings.
“We are still going to continue to be prudent. We are still going to look at the best ways to invest the contributions that we receive to get a much better return to members, but safety is also key.
We are not keen on jumping into any investment area. We are very particular about ensuring investments are permissible under the law and have been properly appraised by our investment advisers,” he said.
Benefits paid
The scheme also paid GH¢208 million in benefits during the year, up from GH¢121 million in 2024, benefiting 3,390 members.
Retirement benefits accounted for GH¢135.4 million paid to 2,226 members, while the largest individual benefit payment was GH¢20.5 million.
Enterprise Trustees said it reduced average benefit processing time to 7.9 working days and aims to shorten the turnaround further.
The Board Chairman of Enterprise Trustees, Fiifi Kwakye said the fund’s performance reflected a year of improving macroeconomic conditions in Ghana, marked by lower inflation, stronger fiscal outcomes and declining interest rates, while cautioning that geopolitical risks could still affect investment markets.
Certification
To strengthen governance and operational resilience, Enterprise Trustees announced it had obtained ISO 27001 certification for its information security management system and upgraded its digital member portal.
The company also urged employers to remit Tier 2 pension contributions immediately after payroll processing rather than waiting until the statutory deadline, arguing that earlier transfers would allow members’ funds to earn investment returns sooner.
Outlook
Looking ahead, management said it would continue diversifying investments across permissible asset classes while encouraging members to complement their mandatory Tier 2 savings with voluntary Tier 3 pensions to improve retirement outcomes.
“We want to make sure that we take the best advantage of the environment that we have. The journey looks positive ahead,” Mr Ampofo said.