Ghana’s funds management sector recorded impressive growth in 2024, with total Assets Under Management (AUM) rising to GH₵71.97 billion, according to the latest Financial Stability Review.
This represents a 31% year-on-year increase from GH₵55.05 billion in 2023, driven largely by strong performances across pension funds, collective investment schemes, and discretionary funds.
The pension fund segment remained the dominant force, accounting for 72% of the total AUM. Pension assets rose to GH₵51.96 billion in 2024, reflecting a 32% year-on-year growth. Analysts say this underscores the resilience and sustained investor confidence in pension schemes, despite broader economic challenges.
The review also highlighted a notable rebound in Collective Investment Schemes (CIS). After contracting by 1% in 2023, the segment recovered strongly in 2024 with a 25% year-on-year expansion, reaching GH₵6.58 billion in marked-to-market values.
Discretionary funds managed by fund managers also posted healthy growth, rising by 24% to GH₵12.08 billion during the same period.