daakye pension trust

What daakye pension trust does

Daakye Pension Trust Limited (DPTL) is a Ghanaian pension trust company incorporated under the Companies Code of Ghana 1963 (Act 179) and licensed by the National Pensions Regulatory Authority (NPRA) under Act 766 (2013). Operating since 2013, the company specializes in the management of Occupational Pension Schemes (Tier 2) and Personal Pension Schemes (Tier 3), delivering fund administration, investment management, and compliance services to corporate employers, self-employed individuals, and informal-sector workers across Ghana. Its product portfolio comprises four offerings: the mandatory Tier 2 Occupational Pension Scheme, the voluntary Tier 3 Personal Pension Scheme, the Tier 3 Master Trust Provident Fund Scheme, and Third Party Pension Scheme Administration Services for employers outsourcing pension administration.

The company's distribution combines a seven-office physical branch network spanning five Ghanaian regions (Accra headquarters plus Kumasi, Nkawkaw, Swedru, Techiman, Koforidua, and Tema) with self-serve digital channels, including a USSD registration code (*920*100#) and MTN Mobile Money payment integration. Contribution pricing is regulated rather than fee-based: Tier 2 contributions equal 5% of basic salary (18.5% for SSNIT-exempt employees), Tier 3 Personal Pension minimums start at ₵4 daily via mobile money or ₵50 via direct debit, and the Provident Fund accepts up to 16.5% with tax exemptions. Expected investment returns are disclosed at 8–12% annually for Tier 2 and 10–15% for Tier 3. The platform relies on conventional financial-services technology; no proprietary core systems or AI capabilities are publicly disclosed.

The business model is a managed-services fee structure applied to contributions and assets under management. As of the latest disclosed period, Daakye manages ₵50M+ in assets and serves 50,000+ members, with reported portfolio growth of +12.5% for the current year. Revenue is generated through fund administration, investment management, and compliance fees on Tier 2 and Tier 3 contributions, supplemented by third-party administration services for corporate employers. The company is wholly Ghanaian-owned with no disclosed parent, institutional investors, or M&A activity.

Name

daakye pension trust

Legal name

Daakye Pension Trust Limited

Website

https://daakyetrust.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Daakye Pension Trust Limited is a Ghanaian NPRA-licensed pension trust established in 2013, managing Tier 2 occupational and Tier 3 personal pension schemes for over 50,000 corporate and individual members through seven branch offices and mobile/USSD channels across Ghana.

Ownership category

akta.pro rank

Product category

Pension Fund Management

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251), Pension Funds (52511)

SIC

Life Insurance (6311), Finance Services (6199)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• Pension fund management
• Retirement planning services
• Occupational pension schemes
• Personal pension schemes
• Provident fund management

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pension Fund Management and Administration: Revenue generated from managing pension funds for occupational schemes (Tier 2) and personal pension schemes (Tier 3). The company charges fees for fund administration, investment management, and compliance services on contributions collected from employers and members.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Daakye Pension Trust Limited is an NPRA-licensed corporate trustee that manages and administers Occupational Pension Schemes (Tier 2) and Personal Pension Schemes (Tier 3) for employers, employees, self-employed individuals, and informal sector workers in Ghana. The company collects contributions via salary deduction, USSD, mobile money, and direct debit, then invests and administers the funds to deliver retirement lump sums, disability, mortgage, and survivor benefits. It also provides outsourced third-party pension scheme administration services to employers.

Product overview

Daakye Pension Trust offers a unified portfolio of pension and retirement planning products. The core offerings consist of Tier 2 (Occupational Pension Scheme) as the mandatory employer-sponsored plan, alongside three Tier 3 voluntary products: the Personal Pension Scheme for self-employed and additional contributions, the Master Trust Provident Fund for higher growth potential with early access features, and third-party administration services for employers seeking to outsource pension management. All schemes are administered under NPRA licensing with professional fund management focusing on security, growth, and risk management.

Differentiator

Problem solved

Functional benefit

Products and services

• Daakye Occupational Pension Scheme (Tier 2) A defined contributory mandatory occupational pension scheme for corporate employers and their employees in Ghana. Employees contribute 5% of basic salary (deducted by the 14th day of the preceding month), while SSNIT-exempted employees contribute 18.5%. Members receive a higher retirement lump sum plus disability, mortgage, and survivor benefits, managed under NPRA regulation with professional fund management.
• Daakye Personal Pension Scheme (Tier 3) A voluntary third-tier personal pension savings scheme tailored for self-employed individuals, informal sector groups (associations, unions), domestic employees (housekeepers, nannies, drivers), and formal sector workers seeking top-up contributions. Members can register via USSD (*920*100#) and contribute via MTN Mobile Money (daily ₵4 minimum, weekly ₵25, monthly ₵100) or direct debit/standing instructions (₵50 minimum), with tax-exempt withdrawals after 5 years of continuous contribution and subsequent withdrawals every 2 years.
• Daakye Master Trust Provident Fund Scheme A voluntary Tier 3 pension plan for formal sector workers, organizations, unions, and associations seeking higher retirement lump sums and pre-retirement access to contributions. Offers contributions up to 16.5% of salary with tax exemptions, diversified investment portfolio with expert fund management, partial or full access to contributions plus interest before retirement, and flexible contribution mechanics for individuals and groups.
• Third Party Pension Scheme Administration Services Outsourced administrative services for employers' pension schemes, covering full regulatory compliance, accurate and timely member records and benefit statements, contribution processing, reporting and reconciliation, member communication, and trustee/employer governance and fiduciary oversight. Lets employers focus on strategic objectives while Daakye manages operational complexity with precision and transparency.

Quantifiable outcome

• Portfolio growth of +12.5% this year
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Metropolitan Pensions Trust Ghana: Metropolitan Pensions Trust is the Ghanaian pension subsidiary of the Metropolitan Group, offering Tier 2 and Tier 3 schemes with a focus on formal-sector employers. It is directly comparable to Daakye in product structure and regulatory positioning.
• Star Assurance Company Limited: Star Assurance is a Ghanaian composite insurer that also operates licensed pension trust schemes. It competes directly with Daakye for Tier 2 employer mandates and individual Tier 3 savers, leveraging its insurance distribution to cross-sell pension products.
• Glico Pensions (Glico General Insurance Company): Glico Pensions operates as the pension arm of Glico General Insurance in Ghana, offering occupational and personal pension schemes under NPRA license. It is directly comparable to Daakye in product scope and target customer segments.
• Petra Pensions Trust: Petra Pensions Trust is a Ghanaian-licensed pension trustee offering Tier 2 occupational and Tier 3 personal schemes. It targets similar corporate employer and individual saver segments as Daakye, making it a direct competitor for NPRA-mandated retirement savings.
• PAL Pensions (Pensions Alliance Limited): PAL Pensions is one of Ghana's largest privately managed pension trustees, offering Tier 2 occupational and Tier 3 personal pension schemes with an extensive branch network. It is the most directly comparable competitor to Daakye in product mix, target customers, and regulatory positioning.
• Enterprise Pension Trust (Enterprise Group PLC): Enterprise Pension Trust is the pension arm of Enterprise Group, one of Ghana's largest financial services conglomerates. It offers Tier 2 and Tier 3 schemes with significantly larger AUM, broader distribution, and stronger corporate employer relationships, making it a leading scale competitor.

Broad incumbents

• Social Security and National Insurance Trust (SSNIT): SSNIT is the Ghanaian state-backed social security institution that administers the mandatory Tier 1 pension scheme. While it operates under a different tier structure, it is the foundational retirement provider in Ghana and shapes employer pension decisions across Tier 2 and Tier 3 markets where Daakye competes.
• Old Mutual Ghana (Old Mutual Life Assurance Company): Old Mutual Ghana is part of a pan-African financial services group offering pensions, life insurance, and investments in Ghana. It competes for the same Tier 2/Tier 3 customers but operates as part of a much wider product portfolio, giving it distribution and capital advantages over pure-play pension trusts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/daakye-pension-trust

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about daakye pension trust