Ghana Archives - Page 14 of 20 - Pension Policy International

25MayMay 25, 2022

Elderly in Ghana: Forgotten or presumed dead?

We live in interesting times. Suddenly, living conditions in many parts of the world have become unbearably harsh and people are agitating for concrete steps to be taken in order to maintain their standard of living. In Ghana, many worker unions have pushed (through demonstrations and strikes) for increases in salaries and allowances that compare with the cost of living or reflect the rate of inflation. Like a big industrial machine, our country has set up a network of systems that...

May 25, 2022

News2022, Aging, Ghana

24MayMay 24, 2022

Ghana. 4 Bodies Collaborate To Give Drivers Pension & Insurance Package

Westom Insurance Brokers in collaboration with People's Pension Trust (PPT), Prudential life Insurance and Premier Health Insurance has launched a pension and an insurance package for members of the Ghana Private Road Transport Union (GPRTU). Known as the ‘Anidaso Plan’, the package offers three in one Pension/Life insurance/Health Insurance plan to members. It also covers the principal’s immediate dependents, that is, spouse and children. The ‘Anidaso Plan’ is a comprehensive pension and insurance package that has been specially designed to offer...

May 24, 2022

News2022, Ghana, Informal Sector

17MayMay 17, 2022

Vice president commits to “significantly increase number of Ghanians in pension schemes”.

Vice President Dr Mahamudu Bawumia has said a well-regulated and functioning pension system is a major driver for investment and development of the country. Read also Arab Pensions Conference grows into key regional platform Together with the National Pensions Regulatory Authority (NPRA) and all stakeholders, Dr Bawumia said they will work together to accelerate the pace of pension acceptance through the use of digitalization, but to focus on designing and rolling out tailored pension schemes for the informal sector, such as...

May 17, 2022

News2022, Coverage, Ghana, Informal Sector

25AprApril 25, 2022

Ghana. Steady rise recorded in life expectancy of SSNIT contributors

Regardless of the widely held notion on decreasing life expectancy among Ghanaians, the Social Security and National Insurance Trust (SSNIT) says its statistics indicated a reverse of the widely held misconception. It said longevity on the pension’s payroll indicates a steady rise in life expectancy of contributors aged 72 from eight per cent in 2002 to 18 per cent in 2010 and 25 per cent in 2020. Likewise, the percentage of contributors aged 80, rose from one per cent in 2002...

April 25, 2022

News2022, Ghana, Informal Sector, savings

20AprApril 20, 2022

Ghana. Access to pension benefits now easier – NPRA

The Chief Executive Officer of the National Pensions Regulatory Authority, (NPRA), Hayford Attah-Krufi, has stated that pensioners do not need lawyers to access their pension benefits after retirement. Mr Attah-Krufi said the days when pensioners had to go through severe struggle to access their benefits were over as pragmatic measures had been put in place for pensioners to access their benefits at ease. He said the authority had directed the Social Security and National Insurance Trust (SSNIT) to fast-track the claim...

April 20, 2022

News2022, Ghana, Operations, Regulation

04AprApril 4, 2022

Ghana. NPRA embarks on pension education for informal sector workers

The National Pensions Regulatory Authority (NPRA) as part of its quest to improve informal pension coverage in Ghana has embarked on an outreach programme in Oti Region to create awareness of pensions. The Head of Corporate Affairs, Nana SifaTwum, told the Ghanaian Times in Accra on Wednesday, that the move is to educate and sensitise both formal and informal sector workers on pension matters. He said the outreach programme which would begin on Monday, April 4 and ends on Friday, April...

April 4, 2022

News2022, Financial Education, Ghana, Informal Sector

22MarMarch 22, 2022

Ghana. 10 Million workers in the informal sector not covered by social security- SSNIT

The management of the Social Security and National Insurance Trust (SSNIT) has met with stakeholders to find ways to expand and deepen the coverage of the basic national social security scheme for the self-employed. Read also President Sisi approves 13% increase in pensions: Egypt’s PM This is because 10 million informal workers in the country are not covered by any social security. During a speech at the event, the Minister of Employment and Labor, Ignatius Baffour Awuah, praised the SSNIT leadership for...

March 22, 2022

News, Slider2022, Coverage, Ghana, Informal Sector, Social Security

16MarMarch 16, 2022

Ghana. Peoples Pension Trust partners SCBF to introduces new Pension Scheme to support women

Peoples Pension Trust (PPT) has partnered the Swiss Capacity Building Facility (SCBF) to introduce new a pension scheme. The new programme; Scaling Gender-Focused Financial Resilience (SGFR) was launched to commemorate this year’s International Women’s Day. Read also Does Informal Sector Size Impede Economy Growth in Developing Countries? SGFR will support informal, marginalized, and excluded female workers and entrepreneurs to secure their future through micro-pensions. Globally 1.8 billion people are working in the informal sector, and in Ghana, this represents approximately 80% of the...

March 16, 2022

News, Slider2022, Gender Gap, Ghana, Informal Sector

14FebFebruary 14, 2022

Ghana. GH¢10bn private pensions funds available for investment in GSE securities – Deputy MD

Abena Amoah, Deputy Managing Director (MD) of Ghana Stock Exchange (GSE), has said GH¢10 billion private pensions fund is available for investments in GSE listed equity and debt securities. She, therefore, called on specified entities, including State-Owned Enterprises (SOEs), to take advantage of such financing and investment opportunities to enhance their operations and make them economically viable. Ms Amoah further urged specified entities to assess and raise Patient Long-term Capital by becoming issuers of equity or debt securities as a support...

February 14, 2022

News, Slider2022, Ghana, Investment

10FebFebruary 10, 2022

Should Ghana raise compulsory retirement age to 65?

Authorities in Ghana are calling for a national dialogue for a review of the country’s pension regulation to increase compulsory retirement age from 60 to 65. Would this move worsen the employment situation or help the state meet its retirement obligations? Since 1992, the compulsory retirement age in Ghana has been pegged at 60. At the time, the average life expectancy was 57.4 years. 30 years down the line, life expectancy has increased to 64.4 years and the compulsory retirement...

February 10, 2022

News, Slider2022, Ghana, Retirement Age

May 2022

Elderly in Ghana: Forgotten or presumed dead?

Ghana. 4 Bodies Collaborate To Give Drivers Pension & Insurance Package

Vice president commits to “significantly increase number of Ghanians in pension schemes”.

April 2022

Ghana. Steady rise recorded in life expectancy of SSNIT contributors

Ghana. Access to pension benefits now easier – NPRA

Ghana. NPRA embarks on pension education for informal sector workers

March 2022

Ghana. Peoples Pension Trust partners SCBF to introduces new Pension Scheme to support women

February 2022

Ghana. GH¢10bn private pensions funds available for investment in GSE securities – Deputy MD

Should Ghana raise compulsory retirement age to 65?