SSNIT

PAY YOUR WORKERS’ SSNIT OR FACE JAIL TIME – SSNIT’s JEMIMA OFORI WARNS EMPLOYERS

The Head of External Communications at the Social Security and National Insurance Trust (SSNIT), Mrs. Jemima Ofori, has reiterated that it is compulsory for every employer in Ghana to pay SSNIT contributions for their employees monthly. According to her, the laws of Ghana mandate every employer to pay SSNIT for their workers, regardless of whether the worker is in the formal or informal sector. Speaking in an interview with […]

August 10, 2026 39

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SSNIT projects positive outlook for 2024

The Social Security and National Insurance Trust (SSNIT) is projecting a strong financial position for 2024, following significant improvements in its investment performance and operational efficiency. SSNIT’s Director-General, Kofi Osafo-Maafo, during an address to stakeholders in Accra said the scheme has turned around its financial situation in recent years. In 2021 the trust faced a deficit, but by 2022 it had recorded a surplus of GH¢230million. This positive trajectory continued into […]

September 6, 2024 39

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SSNIT hotel sale: UTAG calls for immediate dissolution of board, management 

The University Teachers Association of Ghana (UTAG) has demanded the immediate removal of the management and board members of the Social Security and National Insurance Trust (SSNIT). UTAG criticized SSNIT for going ahead with the sale of four hotels despite public opposition, saying it undermines trust in SSNIT's ability to manage funds transparently and prudently. This was stated in a press release signed by UTAG President Prof. Mamudu Akudugu and […]

July 16, 2024 36

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Organised labour suspends strike; gives SSNIT one month to address concerns

Organised Labour has announced the suspension of its strike which took effect today, Monday, July 15, against moves by the Social Security and National Insurance Trust (SSNIT) to offload 60% shares in four hotels to a private firm owned by Ghana's Food and Agriculture Minister, Bryan Acheampong. The decision was announced at a news conference today by the Secretary General of the Trades Union Congress (TUC) Dr Yaw Baah after […]

July 15, 2024 32

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Organised Labour to strike July 15 over proposed sale of SSNIT hotels

Organised Labour has announced a decision to embark on an industrial strike effective Monday, July 15, to protest the sale of a 60 percent stake in four hotels owned by the Social Security and National Insurance Trust (SSNIT) to Rock City Hotel which is owned by Agriculture Minister Bryan Acheampong. Leadership of Organised Labour met on Friday, July 12, 2024, a day after the National Pensions Regulatory Commission (NPRA) gave […]

July 12, 2024 36

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Cancel SSNIT Hotels Sale – Organised Labour

The Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG) Isaac Bampoe Addo, has disclosed that Organised Labour has asked the Board of the Social Security and National Trust (SSNIT) to cancel the ongoing plans to sell 60% shares in four hotels to Minister of Food and Agriculture, Bryan Acheampong. Mr Bampoe Addo told Journalists after a meeting with the Board of SSNIT on Thursday, May […]

May 31, 2024 23

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SSNIT clarifies ILO’s report findings

The Social Security and National Insurance Trust (SSNIT) has clarified the findings of the International Labour Organisation's (ILO) report, which suggests that the Trust may be unable to meet its obligations by 2036 due to dwindling reserves. The report indicates SSNIT's average return on total assets from 2008 to 2020 was 12.2%, which it contends will no longer suffice to cover annual expenses, including pension payouts. Responding to the ILO […]

April 29, 2024 27

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SSNIT donates GHS1m for pensioners’ healthcare

The Social Security and National Insurance Trust (SSNIT) has continued its support for the National Pensioners Association (NPA) by presenting a cheque of GHS1 million. This donation is specifically aimed at supporting the healthcare of pensioners enrolled on the NPA’s Pensioners Medical Scheme (PMS). This contribution is in fulfilment of a commitment by SSNIT's Management made in 2017 to prioritize the well-being of pensioners under the SSNIT Scheme in the […]

February 13, 2024 32