Finance Minister Dr. Cassiel Ato Forson has assured the newly formed Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that the government has settled all outstanding financial obligations owed to the pension fund.
During an inauguration ceremony in Accra, Dr. Forson reiterated the government’s commitment to maintaining the integrity of Ghana’s pension system.
“I want to assure you that the government is up to date on all payments owed to SSNIT,” he stated. “We are committed to continuing to meet these obligations to protect the pensions of Ghanaian workers.”
SSNIT Director-General, Kwesi Afreh Biney, supported the Minister’s remarks, indicating that not only has the government resolved inherited arrears, but it has also remained current on all payments due to the Trust.
This announcement arrives at a time when public scrutiny regarding the management of pension funds has increased, with many advocating for enhanced transparency in SSNIT’s investment choices.
The latest assurance is anticipated to ease concerns and bolster public trust in the financial stability of the Trust.
The newly inaugurated SSNIT Board, led by Nana Ansah Sasraku III, includes representatives from the government, labor unions, and employer associations. Their role is to provide strategic guidance and ensure strong governance in the management of the Fund.
In a related note, it was previously disclosed that the Ghana Education Trust Fund (GETFund) has been allocated a substantial GHS2.7 billion for the first four months of 2025. This funding, he noted, is intended to ensure the long-term sustainability of the Free Senior High School (Free SHS) program.
“The Ghana Education Trust Fund (GETFund) has received a total of Two Billion, Seven Hundred and Ten Million, Two Hundred and Twenty-Seven Thousand, Nine Hundred and Forty-Seven Ghana Cedis (GHS2,710,227,947.00) for the months of January.
Source: HotFmOnline.com
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