The Funds Management sector witnessed robust growth in 2024, with Assets Under Management estimated at GH₵71.97 billion.
This was a 31% year-on-year growth from GH₵55.05 billion at the end of 2023.
According to the 2024 Financial Stability Review, the achievement was underpinned by a strong performance in several key segments.
A major contributor to this expansion was the pension fund segment, which continued to dominate the market.
Pension funds accounted for 72.0% of the total AUM, amounting to GH₵51.96 billion, based on marked-to-market values and adjusted data from custodians. This represented a 32.0% year-on-year increase, highlighting the resilience and sustained growth of pension investments in the current economic climate.
The Collective Investment Schemes (CIS) also demonstrated a notable turnaround from the 1.0 year-on-year decline in 2023, rebounding by 25.0% year-on-year, to reach marked-to-market values of GH₵6.58 billion for the year under review.
Discretionary funds managed by fund managers similarly expanded by 24.0% year-on-year to settle at GH₵12.08 billion.
The Real Estate Investment Trusts (REITs) segment (new market segment) ended the year with a marked-to-market value of GH₵545.56 million, while Private funds experienced a gain of 5.9% to end the year with AUM on a marked-to-market basis of GH₵802.94 million.
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