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People’s Pension Holdings (PPH)



People’s Pension Trust Ghana (PPT), a subsidiary of People’s Pension Holdings (PPH), is a pension administrator licensed by the Ghanaian National Pension Regulatory Authority (NPRA) to distribute pension products to informal workers and low-income formal workers. It is an innovative, flexible, and digitally driven pension product that ensures retirement income security for these workers.

Investment Details


People’s Pension Holdings (PPH)


Driving pension finance for low income households


Intersection of the digital payments and micro-pensions



In portfolio since


Our role

Committed capital: £0.85 million Instrument: Equity * £0.275mn Convertible loan £0.5mn Grant of £0.075mn

Our investment

  • FSDAi invested in People’s Pension Holdings (PPH) to provide an innovative, technology-driven and customer-focused pension solutions to informal workers that is scalable.
  • Our commitment helped design innovative and tailor-made pension products for underserved and low-income people across Ghana.
  • FSD Africa also extended a £75,000 grant to support product innovation, facilitate the adoption and usage of the PPH product, and introduce an insurance product that will enhance scaling in prioritised markets.

Purpose and target market

The investment and grant seek to generate important economic and social impact such as:
  • Introduction of market responsive micro-pension financial services to improve the lives of informal and low-income workers and alleviate old-age poverty.
  • Demonstration of a commercially viable micro-pension business model that inspires replication, partnerships with existing traditional pension providers, and licensing of PPH’s IT platform designed for low-value, high-volume transactions.
  • Stimulate long-term retail savings and expand the role of pension funds funded by untapped markets for long-term finance.
  • Contribution to broader capital markets development through pension fund investments in government bonds, infrastructure, housing, and other development-oriented projects

Impact to date

23,460 Number of active clients

82% Proportion of clients in the informal sector

1 Policy to support micro-pensions refined developed or enacted in Ghana following advocacy by PPH and others

£1.3m Assets Under Management (3.7x growth (in LCY terms) since investment)

Investee contacts

No.5 Sam Nujoma Close, North Ridge Adjacent the Visa Section of the German Embassy, Accra, Ghana

+233 302 738242

FSD Africa contact

Riverside Green Suites (Palm Suite), Riverside Drive, Nairobi

Updated: October, 2022