By Solomon Gumah, GNA
Tamale, March 14, GNA – The Social Security and National Insurance Trust (SSNIT) have held a regional stakeholders’ forum with the Trades Union Congress (Ghana) (TUC) in Tamale to discuss the performance of the national pension scheme and strengthen collaboration with organised labour.
The forum, held under the theme: “Empowered Unions, Secure Future: Defining Pension Literacy Across Ghana”, formed part of efforts by SSNIT to share updates on the state of the scheme, provide information on its investment performance, and receive feedback from workers’ representatives to enhance the sustainability of the pension system.
Mr Kwesi Afreh Biney, Director-General of SSNIT, speaking during the forum, said SSNIT had recorded improved investment performance in 2025 indicating a positive outlook for the scheme.
He said the number of active contributors currently stood at 2.1 million members with more than 261,000 pensioners receiving benefits while the returns on investments had increased significantly.
He disclosed that more than GHc1 billion was collected monthly for investment on behalf of workers, adding the Trust recorded an investment return of 8.03 per cent in 2025 compared to minus 4.18% in 2024 demonstrating a strong recovery in the performance of the pension fund.
Mr Biney said the Trust’s assets under management had also grown increasing from 20.4% in 2024 to more than GH¢25 billion showing improvement in the financial strength of the institution.
He said the liquidity position of the Trust in 2025 remained strong, adding that government consistently honoured its monthly contribution obligations to the scheme.
Mr Biney commended the Ministry of Finance, and the Controller and Accountant-General’s Department for their continued commitment to ensuring regular payments of government contributions to the scheme.
Mr Biney said the TUC was a major stakeholder in SSNIT’s operations because it represented the interests of Ghanaian workers.
He said, “This regional engagement forum is to ensure that TUC, which represents the interest of the Ghanaian worker, understands the state of the scheme and also provides feedback so that we can redefine the future.”
Mr Joshua Ansah, Secretary-General of TUC Ghana lauded the engagement describing it as critical to enhancing the understanding of union members on pension-related matters.
He said the initiative would help workers make informed decisions about their retirement planning.
He said “We are also advocating that payment of pensions must be on the consolidated salary and that will include the allowances. When the base becomes bigger, our pensions will also increase.”
GNA
Edited by Eric K. Amoh /Kenneth Odeng Adade