Enterprise Pension Scheme delivers up to 22.2% returns as assets jump

The Enterprise Personal Pension Scheme posted investment returns of up to 22.24% in 2025 as assets under management climbed sharply, underscoring the resilience of long-term retirement savings during Ghana’s improving macroeconomic recovery.

The scheme’s growth-oriented Sunnyside Plan delivered the highest annual return of 22.24%, while the Asetena Pa Plan returned 18.05% and the Good Life Plan generated 18.30%. Across the three funds, assets expanded significantly, helping total assets under management reach GH¢247 million, up from GH¢143 million a year earlier.

Board Chairman of the scheme, Dr Frank Gamadey, said the performance was achieved in a year marked by easing inflation, lower interest rates and improving investor confidence.

“As inflation eased, the Bank of Ghana reduced interest rates, while Treasury bill rates declined to single digits. Overall, 2025 was a year of recovery and renewed confidence, providing a stronger foundation for sustainable economic growth,” he told members at the scheme’s annual general meeting.

The Sunnyside Plan recorded assets of GH¢187.77 million, representing a 56% increase from 2024, driven by both net contributions and investment income. Investment earnings included GH¢22 million from fixed-income securities and GH¢10 million from equities and mutual funds.

The Asetena Pa Plan, designed for investors seeking lower volatility and capital preservation, increased its assets by 25% to GH¢4.41 million. Meanwhile, the Good Life Plan, the scheme’s post-retirement drawdown product, recorded the fastest asset growth, with assets rising by 280% to GH¢55.12 million.

Membership growth also accelerated during the year, with total membership increasing by 252% to 21,550 after 13,341 new members joined the scheme. Benefit payments rose to GH¢33.99 million from GH¢23.70 million in 2024, while the highest single payout reached GH¢2.08 million.

Enterprise Trustees Managing Director, Joseph Ampofo, said the scheme had rebranded its products to better reflect members’ retirement objectives while introducing additional benefits.

The Sunnyside and Asetena Pa Plans now include free life and hospitalisation cover, while members can also leverage their pension balances as collateral for loans through selected partner financial institutions.

The trustee has also digitised benefit applications and enhanced its online member portal to improve service delivery, reduce processing times and strengthen engagement with contributors.

Looking ahead, Dr Gamadey said Ghana’s economy is projected to grow by 4.8% in 2026, supported by expansion in the services sector, industrial recovery and sustained agricultural output.

He cautioned that while lower interest rates should support economic activity, they could also moderate returns on fixed-income investments, even as continued fiscal discipline and debt sustainability measures are expected to reinforce investor confidence.

“Despite this positive outlook, global geopolitical developments continue to pose risks to commodity prices and overall economic stability. Nonetheless, continued fiscal discipline and debt sustainability measures are expected to strengthen investor confidence as Ghana exits the IMF programme in 2026,” he said.

ANAS/EB

Ghana's recovery due to superior economic management - Ato Forson