Deputy Minister-Designate for Roads and Highways, Alhassan Suhuyini, has proposed the use of the pension funds for road infrastructure development.
This he averred would serve as an alternative financing solution to address Ghana’s persistent road budget constraints.
The nominee said that sustainable funding is critical to maintaining and expanding the country’s deteriorating road network because it contributes to our economic growth.
“I think that maybe we have to also begin to look at the investment portfolios of some of our pension institutions. For example, when I review reports from SSNIT and see investments in luxury hotels and other assets, I wonder if moving forward, some of these funds cannot be used to support critical infrastructure needs in the country.”
He said this when he appeared before the Vetting Committee of Parliament on Wednesday, February 26, 2025 .
Pension funds, he believes, could help finance major road projects like building a three-lane dual carriageway from Accra to Tamale, or at least Kumasi, with strategically placed toll booths to ensure returns on investment.
“Pension funds, in my view, should be invested in long-term instruments because people retire after many years. A well-structured tolling system can generate revenue over time, making road projects a viable investment for pension funds,” he said.
By: Rainbowradioonline.com/Ghana
