The Social Security and National Insurance Trust (SSNIT) has posted a strong financial performance in its 2023 financial report, with a surplus of GH¢230 million.
This development has reassured workers of a secure pension future, despite recent controversies surrounding the trust’s decision to sell off non-performing assets.
In his address at the 12th Quadrennial Delegates Congress of the Trades Union Congress (TUC) on Tuesday, President Akufo-Addo highlighted the improved performance of SSNIT.
He emphasized the government’s commitment to ensuring the trust remains a robust and reliable institution.
“I take note in particular of the improved performance of SSNIT, which recently announced a surplus of GH¢230 million on its operations. This should be reassuring to organized labor and perhaps bring into sharper relief the unnecessary controversy that was recently generated by SSNIT’s efforts to offload non-performing assets in its hotel portfolio,” President Akufo-Addo said.
The President urged stakeholders to approach such matters with caution, emphasizing the importance of making decisions that protect the long-term interests of pensioners.
He also highlighted the increase in active contributors to the SSNIT scheme, growth in pension coverage within the informal sector, and the expansion of zonal offices across the country.
President Akufo-Addo reiterated his government’s commitment to expanding pension coverage, sustaining the current pension regime, and enhancing the adequacy of pension payouts.
“All of us need to be measured when it comes to making decisions and pronouncements that would affect the long-term interests of pensioners,” he assured delegates, emphasizing the government’s dedication to securing the financial futures of all Ghanaian workers.
Source: Ghana/Starrfm.com.gh/103.5FM/Sena Afi Senanu
