February 2024
14Feb

Ghana. SSNIT supports pensioners’ healthcare with GHC1million

The Social Security and National Insurance Trust (SSNIT) has presented a cheque for GHS 1 million to the National Pensioners Association’s (NPA) medical scheme. The contribution is in fulfilment of a commitment by SSNIT’s management made in 2017 to prioritise the well-being of pensioners under the SSNIT Scheme in the country. Dr John Ofori-Tenkorang, Director-General of SSNIT, speaking at the ceremony in Accra, reaffirmed the Trust’s support for the activities and welfare of the Association. The commitment, he stressed, demonstrated the Trust’s...

February 14, 2024
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January 2024
29Jan

Ghana. Health sector occupational pension scheme launches new mobile app to enhance services

Health Sector Occupational Pension Scheme (HSOPS) has launched a new mobile application to enhance services to its tier-two pension scheme beneficiaries. The mobile application will allow beneficiaries to access and update their information, follow up on their contributions as they are provided with in-dept analysis of their investments. It also provides a link to the HSOPS website which connects every member to the main database where each member could track their contributions, access and print membership certificates, make benefit projections and...

January 29, 2024
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24Jan

Ghana’s Pension Regulator, NPRA, appoints new CEO

President Nana Akufo-Addo has appointed John Kwaning Mbroh as the Chief Executive Officer (CEO) of the National Pensions Regulatory Authority (NPRA). Mr. Mbroh, whose appointment takes effect from 1st February 2024, replaces Mr. Hayford Atta Krufi who proceeds on retirement after holding the position since 2017. Mr. Mbroh is a management member of the NPRA and currently the Director of Standards and Compliance at the Authority for the past six years. He has taken charge of the core mandate under Section 7 of Act 766 of 2008...

January 24, 2024
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18Jan

Ghana. Academic activities to halt as SSA-UoG, FUSAG declare ‘indefinite strike action’

The Senior Staff Association-Universities of Ghana (SSA-UoG) and the Federation of Universities Senior Staff Association of Ghana (FUSAG) have declared an indefinite industrial action with immediate effect. The decision follows, among other things, the failure of the government to address the above bodies’ concerns regarding pensions and the reversal of what they describe as an illegal cancellation of their overtime allowance. Speaking at a news conference at the University of Ghana, Legon, in Accra, the National Chairman of the SSA-UoG, Isaac...

January 18, 2024
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15Jan

Ghana. SSNIT to intensify campaign to enrol more self-employed

The Social Security and National Insurance Trust (SSNIT) is to intensify its initiative aimed at roping in more informal sector and self-employed persons in Ghana onto the state-run Tier One pension scheme. Riding on the successes of last year when it launched the Self Employed Enrolment Drive (SEED), SSNIT believes that a more aggressive approach to push the initiative will attract more people in that bracket to secure them a better future when they retire. The Director-General of SSNIT, Dr John...

January 15, 2024
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November 2023
14Nov

Ghana. GMA demands retirement salary for members, improved conditions of service

The Ghana Medical Association (GMA) is demanding that government put in place measures that will ensure all of its members continue to receive a salary even after retiring. The President of the Association, Dr. Frank Serebour tabled the demand at the 65th General Meeting of the Association on Monday, November 13. In his address, Dr. Frank Serebour said the conditions of service of doctors must also be improved. “We need to be protected from workplace hazards, we need to be given accessible...

November 14, 2023
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October 2023
26Oct

Ghana. Labour Ministry calls for expansion of pension to cover informal sector

The Director of Finance and Administration at the Ministry of Employment and Labour Relations, Mr Hamidu Adakurugu, has called for the expansion of pensions to ensure all workers, especially those in the informal sector who make up over 75% of the workforce, are enrolled in a pension scheme. Speaking on behalf of the Sector Minister at the launch of National Pensions Awareness Week, he noted that currently, only 2.4 million workers, which represents a small fraction of the over 10...

October 26, 2023
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16Oct

Ghana. Total membership of SSNIT Scheme is 1.8 million — Minister

As of March 2023, the total membership of the Social Security and National Insurance Trust (SSNIT) Scheme was estimated at 1.8 million, Mr Ignatius Baffour Awuah, the Minister of Employment, Labour Relations and Pensions, has disclosed. This, he said means that about 8.1 million of the estimated Ghana’s working population of 9.9 million might not have any form of social security cover, which shows that leveraging digitalisation to extend social security coverage was long overdue. “The overwhelming importance of digitalisation today...

October 16, 2023
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05Oct

9 million Ghanaian workers without pension – NPRABY

About nine mil­lion people work­ing in the country without any form of pension risk slumping into retirement without income security, the Head of the Corporate Affairs of the National Pensions Regula­tory Authority (NPRA), Nana Sifa Twum, has stated. He said that between the next five and 10 years, the working individuals without any form of pension would retire poor and become a liability on their families and society if the situation was not addressed. Nana Twum who stated this in an...

October 5, 2023
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04Oct

Ghana. Government settles all outstanding pensions contributions ending August 2023

The Chief Executive of the National Pensions Regulatory Authority (NPRA), Hayford Attah Krufi, has revealed that government has cleared all outstanding Tier 1 and Tier 2 pension contributions ending August 2023. According to hin, the payment was done in September 2023, after government finalised the Domestic Debt Exchange Porogrammme. “About ¢2.3 billion payments has been released to clear all these arrears”, Mr. Krufi stressed. Background The 2022 Financial Stability Review report released by the Bank of Ghana showed that government had defaulted on...

October 4, 2023
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