The management of the Social Security and National Security (SSNIT) has said that they are ensuring that contributors benefit directly from the Trust’s investments.
Mr Lord Koramoa, the Public Affairs Manager of SSNIT said this after a media tour of some of SSNIT’s premium residential properties in Accra.
The tour provided members of the media the opportunity to inspect the residential developments, explore available luxury apartments and townhouses and gain first-hand insight into the Trust’s housing investments.
Mr Koramoa explained that the properties formed part of SSNIT’s broader investment portfolio through which contributions collected from workers were invested to generate returns for pension sustainability.
“So at SSNIT, we collect contributions from workers and when we collect these contributions, we invest them in various classes of investment,” he said.
Mr Koramoa said the Trust had engaged the Ghana Employers Association and labour unions to help publicise the housing projects to workers across the country.
“We put it out in the market, also knowing very well that workers would have to buy these facilities,” he noted.
He said the Trust was optimistic of obtaining significant returns from the investments while also making quality housing available to contributors.
Addressing concerns about affordability, Mr Koramoa said the Board of SSNIT had taken into consideration the target market before pricing the properties.
“I can assure you that these apartments are fairly priced and very competitively priced. We know very well what the target market is, so the Board took into consideration the target market,” he added.
He indicated that interested buyers could visit the SSNIT sales office located on the sixth floor of the Ridge Towers in Accra for details on acquisition procedures.
