Investment for

The Future

How the fund is invested

noun_deposit_1341167
Overnight & Call Deposits
noun_Discount_1570919
Discount Notes
noun_Bank_127573
Treasury Bills
noun_bank deposit_2988224
Short-Term Deposits
noun_investment_2022479
Investment-Grade Bonds
noun_Certificate_3265085
Certificates of Deposits
noun_Certificate_3265085
Certificates of Deposits
noun_money report_980966
Commercial Papers

Qualifying Instruments

A

Debt instrument denominated in internationally convertible currency that bears interest or a fixed amount equivalent to interest

- That is of investment-grade security,
- That is issued by or guaranteed by the International Monetary Fund, World Bank or by a sovereign State other than the Republic of Ghana, if the issuer or guarantor, has investment grade rating

B

An internationally convertible currency deposit with, or a debt instrument denominated in any internationally convertible currency that bears interest or a fixed amount equivalent to interest issued by

- The Bank for International Settlements:
- The European Central Bank;
- The Central Bank of a sovereign State, other than the Republic of Ghana, with a long term investment grade rating;

C

A derivative instrument

- That is solely based on an instrument satisfies the requirements of paragraphs (a) and (b); and

- Where acquisition reduces the financial exposure to the risks associated with underlying instruments prescribed by the Minister


Investment Beliefs

Investment Horizon: The Ghana Petroleum Funds balances long-term savings and delivering of returns for future generations of Ghanaians and the shorter term national budget augmentation needs through the GSF.

Investment Discipline: High quality governance of the investment process is critical to success. A disciplined set of processes, practiced by a capable and experienced team, promote decisiveness, efficiency and accountability generates superior long-term results.
Market View: Financial markets are generally efficient over the long term, though subject to deviations in the short term. Prospective returns and the relative attractiveness of different asset classes will similarly vary with time and the economic environment.

Asset Allocation: Diversification is an important tool of risk management and can mitigate the volatility and uncertainty inherent in substantial exposure to risk assets. The Ghana Petroleum Funds seek to be diversified to the degree compatible with the investment return objectives as defined.

Transparency: Transparency and accountability build public trust and are critical to implementing a long-term disciplined approach to investment.