Alhassan Suhuyini is the Deputy Minister of Roads and Highways-designate
The Deputy Minister of Roads and Highways-designate, Alhassan Sayibu Suhuyini, has initiated discussions with his proposal for pension funds to be utilised in the construction and financing of road infrastructure projects.
During his appearance before the Appointments Committee of Parliament on Wednesday, February 26, 2025, Suhuyini suggested that funds, specifically referring to SSNIT, could be redirected towards infrastructure projects.
According to him, pursuing such initiatives would be more beneficial to the state than investing in unprofitable endeavors that impose a burden on it.
“Personally, I think we have to also begin to look at the investment portfolios of some of our pension fund management institutions. For example, the report of SSNIT shows that they invest in luxurious hotels and other assets.
“I wonder if moving forward, some of these funds can now be used to support this very critical infrastructure roads of the country and, just like we are talking about tolling, toll those roads over the years,” he stated.
The Tamale Central lawmaker provided additional examples to strengthen his argument, emphasising that channeling such funds into projects could serve as a valuable investment for the state, with the potential for recouping the expenses.
“For example, if you have an agency supporting the construction of a three-tier dual carriageway from Accra to Kumasi, and have like four tolling stops, for a number of years, that investment can be recouped.
“We all know that pension funds are supposed to have investments for long terms because people who invest in pensions do so for longer terms. So, I think that that conversation should go on and I will be guided by my minister and look at how far the law allows for us to look to those options,” he stated.
Suhuyini was appointed by President John Dramani Mahama to a deputy ministerial role.
MAG/AE
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