July 2025
31Jul

Ghana. SSNIT’s strategic investments stabilise economy

The Social Security and National Insurance Trust (SSNIT) has invested GH¢2.42 billion in the country’s financial services sector. The fund currently holds shares in 22 of the 36 companies listed on the Ghana Stock Exchange, thereby playing a stabilising role in the economy. SSNIT’s current investment in Information and Communications Technology (ICT) companies stands at over $500 million, making it the largest institutional investor in the country’s telecommunications sector. The Director-General (D-G) of SSNIT, Kwesi Afreh Biney, who made this known in...

July 31, 2025
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29Jul

Ghana’s Social Security @ 60: Vice President urges broader coverage for informal sector

Vice President Professor Naana Jane Opoku-Agyemang has called on the Social Security and National Insurance Trust (SSNIT) to extend pension coverage to informal sector workers and the self-employed. Speaking, Monday, at the launch of the 60th Anniversary Celebration of the inception of a national social security scheme in Ghana, the Vice President commended stakeholders for its transformation from a provident fund, in 1965, into a three-tier pension scheme. She, however, urged management and staff to do more to ensure inclusivity. The Vice...

July 29, 2025
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03Jul

Ghana. Eleven-member board for National Pensions Regulatory Authority inaugurated

Mr Rashid Pelpuo, the Minister of Labour, Jobs and Employment has inaugurated the new governing board of the National Pensions Regulatory Authority (NPRA) with the charge to accelerate the expansion of pension coverage to the informal sector. He said the informal sector held a significant share of Ghana’s working population and untapped pension contributors hence innovative policies and tailored products must be developed to harness and protect their hard-earned savings. Mr Pelpuo said their appointment came at a time when Ghana’s...

July 3, 2025
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01Jul

Ghana. Expand informal sector pension coverage – Minister charges NPRA board

The Minister of Labour, Jobs and Employment, Dr Rashid Pelpuo, has charged the governing council of the pensions regulator to expand pensions coverage to the informal sector. He said the sector held a significant share of the working population and untapped pension contributors of the country. “Innovative policies and tailored products must be developed to harness and protect the hard-earned savings of informal workers,” Dr Pelpuo said, when he swore in a 10-member board of the National Pensions Regulatory Authority (NPRA)...

July 1, 2025
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June 2025
20Jun

Ghana’s pension crisis: low incomes, shrinking returns, and an uncertain future

As Ghana grapples with the rising cost of living, concerns over the adequacy and sustainability of pensions continue to dominate public discourse. Speaking on the Asaase Breakfast Show on Thursday (19 June), leading voices in pension regulation, fund management, and retirees’ welfare painted a sobering picture of a system straining under low contributions, limited investment options, and rising economic pressure. Hayford Atta Krufi, former Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), laid bare a fundamental truth: the nation’s pension crisis begins...

June 20, 2025
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11Jun

Energy firm CEO Appointed to Ghana’s National Planning and Pension Boards

Michael Bozumbil, Chief Executive Officer of indigenous energy firm PETROSOL, will represent Ghanaian employers on two critical national institutions following his appointment by the Ghana Employers Association. Bozumbil was sworn in as a Commissioner of the National Development Planning Commission (NDPC) by President John Mahama and simultaneously appointed to the Social Security and National Insurance Trust (SSNIT) Board of Trustees by Finance Minister Cassiel Ato Forson. The PETROSOL leader, who currently serves as First Vice President of the Ghana Employers Association,...

June 11, 2025
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05Jun

Ghana. Government clears all outstanding arrears owed SSNIT – Ato Forson

The Minister of Finance, Dr Cassiel Ato Forson, has assured the newly-inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that the government has fully settled all arrears owed to the pension fund. Speaking at the official inauguration of the board in Accra, Dr Forson reaffirmed the government’s commitment to a robust and sustainable pension system, stressing that all outstanding obligations to SSNIT have been honored. “I want to assure you that the government is current on all...

June 5, 2025
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May 2025
21May

Ghana. SSNIT bets on mobile money to drive accessibility

The Social Security and National Insurance Trust is betting on the widely used mobile money to improve pension accessibility and convenience, as it deepens its digital transformation strategy to reach a broader base of contributors. With mobile money transaction volumes and values surging to record highs in 2024, SSNIT is integrating mobile money platforms into its service delivery model. The aim is to make pension-related services more accessible to informal sector workers and the broader population who already use mobile...

May 21, 2025
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06May

Ghanaian PE, securities, pensions industry leaders sign compact to mobilise domestic capital

The Ghana Venture Capital & Private Equity Association (GVCA), one of Africa’s foremost VC industry associations, has launched an industry-wide “Compact” that champions local institutional asset allocations to venture capital and private equity. Founded in 2021, the Ghana Venture Capital Association (GVCA) acts as a key connector within Ghana’s private investment ecosystem, linking asset allocators, institutional investors, fund managers, portfolio companies, advisors, and service providers. Its growing membership consists of firms, including venture capital and private equity companies, institutional investors, and...

May 6, 2025
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April 2025
30Apr

96% of Ghanaian pensioners live on GH¢5,000 or less monthly – Paul Kofi Mante

At the 2025 edition of the Money Summit organized by the Business and Financial Times (B&FT), Paul Kofi Mante, Managing Director of EDC Investment Limited, raised urgent concerns about the state of pensions in Ghana, revealing that a staggering 96% of pensioners receive GH¢5,000 or less per month. Speaking as a panelist during a session focused on investment and retirement planning, Mr. Mante described the current pension reality as deeply worrying. He disclosed that out of the over 2 million Ghanaians aged 60 and above, fewer than 300,000 are enrolled on...

April 30, 2025
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