Abstract
The objective of the study was to investigate the impact of SSNIT pension funds’ investments on economic growth. Specifically, to determine the long-run and short run effects of SSNIT investment instruments on Real Gross Domestic Product and identify the type of instrument with the highest effect.
The quantitative research method was employed with quarterly times series data gathered from the period of 2018 to 2022. Descriptive statistics such as the mean, standard deviation, minimum and maximum frequency, ADF and PP unit root Tests, the Bounds test for cointegration and ARDL analysis were employed to analyze the secondary data.
The results of the study revealed both a long-run and short-run significant effects of the SSNIT pension fund’s investments on real gross domestic product with Equities having the highest effect on economic growth. The study recommends an increase of listed businesses on the Ghana Stock Exchange to provide the needed avenue for further investment in listed equities in the country.