Lord Koramoa speaking to the media
The Social Security and National Insurance Trust (SSNIT) says it expects significant returns from its real estate investments after opening a number of its housing properties to the general public, particularly contributors to the pension scheme.
According to SSNIT, investment in housing forms part of its strategy to grow contributors’ funds through a diversified investment portfolio that includes real estate development.
Some of the housing projects opened for sale include Eagles Place at Sakumono, which offers fully fitted detached and semi-detached three-bedroom houses with communal facilities.
Another property toured by the media was Meridian Gardens, a residential development in Tema comprising 152 apartments, including 128 two-bedroom and 24 three-bedroom units.
The media also visited The Royal Tivoli, a residential complex at Sakumono in Tema made up of four-storey blocks containing 55 apartments.
The final stop on the tour was Adinkra Heights, a luxury residential estate at Switchback Road in Cantonments, near 37 in Accra. The development features fully fitted two, three and four-bedroom apartments.
Speaking to journalists after the tour last Thursday, SSNIT’s Public Affairs Manager, Lord Koramoa, said the sale of the properties is expected to generate substantial returns from the Trust’s investments.
According to him, SSNIT invests workers’ contributions in various asset classes, including real estate, to ensure the sustainable growth of pension funds.
Mr. Koramoa disclosed that the Trust has engaged key stakeholders, including the Ghana Employers’ Association and organised labour groups, to encourage workers and contributors to take advantage of the housing opportunities.
He stressed that although the apartments are available to all Ghanaians, contributors to the SSNIT scheme are being given priority in the purchase process.
Addressing concerns about affordability, Mr. Koramoa said the properties have been competitively priced to meet the needs of their target market while ensuring value for money.
By Ebenezer K. Amponsah