The Trade Union Congress (TUC) has declared an indefinite strike action following the National Pensions Regulatory Authority’s (NPRA) approval giving clearance to the Social Security and National Insurance Trust (SSNIT), to proceed with its controversial plan to offload a 60% stake in four hotels to Bryan Acheampong’s Rock City Hotel. According to the TUC Secretary […]
Tag: SSNIT
SSNIT contributions collection hits GH¢6.8bn last year — Private sector contributes more
The total contribution collections to the Social Security and National Insurance Trust (SSNIT) pension scheme amounted to GH¢6.8 billion as of the end of December last year. This accounts for 87.4% of the annual target of GH¢7.87 billion. Out of the amount collected for the year under review, the private sector contributed GH¢4.1 billion as […]
Coming out of the hotels – Elizabeth Ohene writes
When it comes to what subjects I write on in my column, it is often as the spirit moves me, always with the understanding that I am not the type of person to write on Ian Smith and Rhodesia on the day that three former heads of state are executed in Ghana. Sometimes I do […]
SSNIT contributors gain automatic NHIS migration
The National Health Insurance Authority (NHIA) has started the automatic migration of all contributors to the Social Security and National Insurance Trust (SSNIT) onto the National Health Insurance Scheme (NHIS). This is to ensure that all SSNIT contributors, whose 2.5 per cent deductions are used to fund the NHIS, become automatic subscribers to the scheme. Once […]
Akufo-Addo orders Labour Minister to address SSNIT hotels controversy with Organised Labour
President Nana Akufo-Addo has taken significant steps to address concerns raised by Organised Labour regarding the controversial sale of four hotels by the Social Security and National Insurance Trust (SSNIT) to Agriculture Minister Bryan Acheampong. Organised Labour had petitioned the president to halt the sale of the hotels to Bryan Acheampong. In response, President Akufo-Addo […]
‘SSNIT must come clean’ – Majority Leader demands transparency on hotel sale
The Majority Leader in Parliament, Alexander Afenyo-Markin, has urged the Social Security and National Insurance Trust (SSNIT) to release documents related to the sale of its shares in four hotels to Dr Bryan Acheampong, the Agriculture Minister. “Let me make this appeal to SSNIT, SSNIT must come out, make the documents available, and speak to […]
Kofi Bosompem Osafo-Maafo appointed as new SSNIT boss
President Akufo-Addo has appointed Kofi Bosompem Osafo-Maafo as the new Director General of the Social Security and National Insurance Trust (SSNIT). The new SSNIT boss is the son of the President’s former Minister and now Senior Advisor, Yaw Osafo-Maafo. Mr Osafo-Maafo takes over from Dr. John Ofori-Tenkorang who has been instructed to hand over his […]
SSNIT retrieves ₵132 million from employers through court action
The Social Security and National Insurance Trust (SSNIT) says it has retrieved 132 million Ghana Cedis from 2,272 cases filed at the law court within the first half of 2023. The cases were related to employers who failed to honour statutory social security obligations on behalf of their employees. The Director-General of SSNIT, Dr. John […]
Workers to pay pensions on allowances — SSNIT moves for review of Pensions Act
The Social Security and National Insurance Trust (SSNIT) is pushing for an amendment of the National Pensions Act, 2008 (Act 766) to compel employers to include the allowances of employees in the computation of their pensions. The move is to enable workers to earn bigger pensions when they retire. The Director-General of SSNIT, Dr John […]
Only 14,314 self-employed contribute to SSNIT – Ofori-Tenkorang
Only 14,314 self-employed workers contribute to the Social Security and National Insurance Trust (SSNIT), representing some 0.8 per cent of the 1.7 million contributors on the scheme. In all, there are about 11.5 million people in the informal sector in the country. And as part of measures to reverse this trend, the national pension fund […]
SSNIT increases monthly pensions by 10%
The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payments by an average of 10 per cent. The review will see all 225,000 pensioners on the SSNIT pension payroll as of the end of last month have their monthly pensions increased by a fixed rate of 9.68 per cent, plus a redistributed […]
Elizabeth Ohene Chairs SSNIT board
Journalist, politician and former Minister of State in the John Kufuor administration Elizabeth Akua Ohene has been appointed the chairperson of the board of directors of the Social Security and National Insurance Trust (SSNIT). Ms Ohene, during the first term administration of President Akufo-Addo, served as a speechwriter, contributing a great deal to most of the major speeches […]