By News Desk
Worker in the state-owned sleek social protection entity, Social Security and National International Trust (SSNIT) are openly yearning for a climate of vibrancy within the corridors of SSNIT, expectant about an announcement that pushes into the institution a personality of the calibre of Noel Addo.
Noel Nii Addo, was the former General Manager in charge of Investment and Development Division, who rose to become the Director General briefly before the party went into opposition in 2017.
The justification for him being considered by a cream or workers across the board, workers insist, has to do with his experience, commitment to get things done, and vision for expanding one of the state’s largest and most resourced entity.
SSNIT has been in the news lately for not having done enough in appropriating its resources in terms of viable investments in sustaining its programmes and lately re-engineered itself in launching a drive to invade the informal economy to promote its programmes.
SSNIT had also been in the news for laxity in monitoring its investments to grow faster through adequate research and training as well as recruitment of manpower in helping diversify the operations of SSNIT to have a wider national coverage.
While this has been started with its staff invading markets and market associations in the respective central business associations, including Accra, Kumasi and Techiman, SSNIT is exploring areas of wider participation and partnership, including cross border traders with whom its staff have had similar partnerships and meetings.
In this regard too, workers believe he has the qualities to accelerate the pace and bring in the much-needed momentum among staff to move SSNIT from the normal public sector institution to a massive financial set-up capable of driving the job-creation and industrial agenda.
That re-engineering, New Crusading GUIDE has learnt, is a fillip that workers believe Noel Nii Addo can latch on, having been the DG before, to steer SSNIT to higher heights in partnering industry and other stakeholders to deliver jobs, while expanding the several economic sectors to deliver job creation.
Nii Addo is also sociable, visionary and has enough experience in the regional and sub-regional social protection agency in helping develop strategies that fire the Africa Continental Free Trade Area AfCFTA and the Africa Prosperity Network, arising out of his on-the-ground and cross institutional space such that workers believe his arrowhead role at SSNIT at this time in the history of the organisation is crucial.
Background
Nii Addo has worked in pension funds management and investment banking for the past 25 years.
He acted as the Director General of Ghana’s largest Pension Fund (Social Security and National Insurance Trust – SSNIT), having previously served as the Deputy Director General responsible for Investment and Development and General Manager for the same portfolio within the same institution.
He also served as the Chief Investment Officer at HFC Bank Investments (Now Republic Bank Plc) as a Deputy General Manager. He was an Executive Director at Strategic African Securities, one of Ghana’s foremost Licensed Dealing Members of the Ghana Stock Exchange where he led a number of Initial Public Offerings on the Ghana Stock Exchange. He was one of the lead analysts for the Initial Public Offering of Golden Star Resources in Ghana, Merger of Mobil and Total Oil companies in Ghana, Rights Issues for SG-SSB, Republic Bank.
He is a Chartered Accountant by profession and a member of the Institute of Chartered Accountants, Ghana. Noel holds a Master of Business Administration (Finance), M.A Economics and B.A (Hons) Statistics/Sociology degrees all from the University of Ghana, Legon. He previously served as a Director in Ghana International Bank (United Kingdom) and Cal Bank Plc Ghana.
Noel worked in pension funds management and investment banking for the past 25 years. He acted as the Director General of Ghana’s largest Pension Fund (Social Security and National Insurance Trust – SSNIT), having previously served as the Deputy Director General responsible for Investment and Development and General Manager for the same portfolio within the same institution.
He also served as the Chief Investment Officer at HFC Bank Investments (Now Republic Bank Plc) as a Deputy General Manager. He was an Executive Director at Strategic African Securities, one of Ghana’s foremost Licensed Dealing Members of the Ghana Stock Exchange where he led a number of Initial Public Offerings on the Ghana Stock Exchange. He was one of the lead analysts for the Initial Public Offering of Golden Star Resources in Ghana, Merger of Mobil and Total Oil companies in Ghana, Rights Issues for SG-SSB, Republic Bank.
He is a Chartered Accountant by profession and a member of the Institute of Chartered Accountants, Ghana. Noel holds a Master of Business Administration (Finance), M.A Economics and B.A (Hons) Statistics/Sociology degrees all from the University of Ghana, Legon. He previously served as a Director in Ghana International Bank (United Kingdom) and Cal Bank Plc Ghana.
Noel worked in pension funds management and investment banking for the past 25 years. He acted as the Director General of Ghana’s largest Pension Fund (Social Security and National Insurance Trust – SSNIT), having previously served as the Deputy Director General responsible for Investment and Development and General Manager for the same portfolio within the same institution.
He also served as the Chief Investment Officer at HFC Bank Investments (Now Republic Bank Plc) as a Deputy General Manager. He was an Executive Director at Strategic African Securities, one of Ghana’s foremost Licensed Dealing Members of the Ghana Stock Exchange where he led a number of Initial Public Offerings on the Ghana Stock Exchange. He was one of the lead analysts for the Initial Public Offering of Golden Star Resources in Ghana, Merger of Mobil and Total Oil companies in Ghana, Rights Issues for SG-SSB, Republic Bank.
He is a Chartered Accountant by profession and a member of the Institute of Chartered Accountants, Ghana. Noel holds a Master of Business Administration (Finance), M.A Economics and B.A (Hons) Statistics/Sociology degrees all from the University of Ghana, Legon. He previously served as a Director in Ghana International Bank (United Kingdom) and Cal Bank Plc Ghana.
