Whether you’re dreaming of starting a business, buying your first home, or simply building long-term financial security, Savings Booster is the smart savings plan that helps you stay focused and reach your goals faster.
What is Savings Booster?
Savings Booster is a professionally managed savings plan that offers competitive returns while giving you the flexibility to access your funds when you need to. It’s designed to help you stay committed to your goals and build the financial foundation you need for life’s big milestones.
Your contributions are invested in the Petra Opportunity Pension Scheme, a Tier 3 scheme regulated by the National Pensions Regulatory Authority (NPRA), with Stanbic Bank as the custodian. It’s trusted, transparent, and built for long-term success.
Download the Achieve by Petra app for Android or iOS to start your journey with Savings Booster today.
Why Savings Booster is Perfect for You
- Safe Investments, Great Returns
It’s managed by trusted experts who know how to grow your savings the right way. The fund is also supervised by the National Pensions Regulatory Authority (NPRA), so it’s properly regulated. Best of all, it offers competitive rates, so your savings can grow faster than if they were just sitting in a regular bank account.
- Minimum Deposit of GHC 10.00
No big amount needed — start saving with as little as GHC 10.00 and grow your savings steadily.
- Withdraw Anytime
Enjoy the flexibility to access your funds, with withdrawals processed within 3 working days.
- Easy Tracking
Stay in control with 24/7 in-app access, instant notifications, and quarterly email statements.
- Use Your Savings as Collateral
Need a loan or mortgage? Use your savings as collateral without interrupting your investment growth. You can explore our ezHomes, ezLoans, and ezRent options here.
Key Facts about Savings Booster as at June 2025
| Fund Size | GHS 232,752,040.32 |
| Initial Investment Amount | GHS 10.00 |
| Valuation Frequency | Daily |
| Withdrawal Fee | Post-tax: No withdrawal fees
Pre-tax: 15% tax withholding tax on withdrawals before 10 years |
| Management Fees | A maximum of 2.23% of NAV |
| 12-month return | 22.45% |
| Inception Date | 2015 |
| Fund Type | Savings Product |
| Currency | Ghana cedis (GHS) |
How to Save More with Savings Booster
Savings Booster comes with a pre-tax option and a post-tax option. Pre-tax allows you to save more because it allows you to add a part of what you would have paid as income tax to your savings
Thanks to the Pensions Act of 2008, you can save up to 16.5% of your income pre-tax, meaning more of your salary goes into your savings instead of taxes.
Here’s how it works:
Post–Tax Option
If your gross salary is GH¢ 2,000 and you set aside GH¢ 160 from your take-home pay each month into a post-tax savings booster, you’ll have GH¢ 1,352 left to spend.
With an average income tax of 20%, this is what your salary would look like
| Gross Salary | 2,200 |
| SSF(5.5% of Gross salary) | (110) |
| Taxable income | 1890 |
| Income tax | (378) |
| Take home | 1,512 |
| Post tax Saving booster contribution | (160) |
| Spending money | 1,352 |
With GH¢ 160 every month in Post tax savings booster, and an annual return of 22.45% (as of 2024), you will have about GH¢ 61,840 with a total gain of about GH¢ 42,640 in returns over 10 years.
Pre-Tax Option
Choosing the pre-tax option lets you keep your GH¢ 1,352 for spending while boosting your monthly savings from GH¢ 160 to GH¢ 200.
| Gross Salary | 2,200 |
| SSF(5.5% of Gross salary) | (110) |
| Saving booster contribution | (200) |
| Taxable income | 1690 |
| Income tax | (338) |
| Spending money | 1,352 |
The extra GH¢ 40 comes from the income tax you avoid by saving before tax is applied.
Saving GH¢ 200 every month in a pre-tax account can grow to about GH¢ 104,386.
That’s roughly GH¢ 20,878 more than what you would get from regular post-tax savings.
The catch? Withdrawing from a pre-tax account before 10 years comes with a 15% withholding tax deduction.
