Alhassan Suhuyini, deputy minister-designate for roads and highways, has proposed using pension funds to support infrastructure development in Ghana.
During his vetting before Parliament on Wednesday, February 26, 2025, Suhuyini suggested that long-term pension investments could be redirected to finance key infrastructure projects, particularly road construction.
His proposal was part of discussions on alternative ways to fund infrastructure. A day earlier, Parliament had debated the potential of public-private partnerships (PPPs) as a means of financing major government projects.
Citing the investment strategies of pension management institutions such as the Social Security and National Insurance Trust (SSNIT), Suhuyini noted that these entities have traditionally invested in luxury hotels and other high-value assets.
While acknowledging the returns from such investments, he raised the possibility of channeling a portion of these funds into addressing the country’s infrastructure needs.
“Personally, I think we have to also begin to look at the investment portfolios of some of our pension fund management institutions. For example, the report of SSNIT shows that they invest in luxurious hotels and other assets.
I wonder if moving forward, some of these funds can now be used to support this very critical infrastructure—roads of the country—and, just like we are talking about tolling, toll those roads over the years.
For example, if you have an agency supporting the construction of a three-tier dual carriageway from Accra to Kumasi, and have like four tolling stops, for a number of years that investment can be recouped.
We all know that pension funds are supposed to have investments for long terms because people who invest in pensions do so for longer terms. So, I think that that conversation should go on, and I will be guided by my minister to look at how far the law allows us to explore these options,” he stated.
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