The Social Security and National Insurance Trust (SSNIT) is advocating for broader national dialogue on the proposed review of Ghana’s retirement age.
This comes amidst calls for an upward adjustment in the age threshold for retirement.
Director-General of SSNIT, Kwesi Afreh Biney, emphasized that tackling unemployment is critical to expanding the country’s pension contribution pool.
According to him, a solution to joblessness will increase active contributors and reduce pressure on the trust’s financial sustainability.
Speaking at the inauguration of SSNIT’s 52nd branch on Spintex Road in Accra, Mr. Afreh b also underscored the Trust’s strategic shift towards improving coverage in the informal sector.
He said this would be key to increasing subscription and ensuring long-term financial viability of the pension scheme.
The Director-General used the platform to address long-standing criticisms of SSNIT’s investment decisions, assuring the public that the current administration is reviewing all assets and will not sell off any facilities.
Instead, the focus will be on converting underperforming investments into profitable ventures that offer better returns, he emphasized.
“To give more, we must ensure that our investments yield good returns,” he noted, explaining that the Trust is channeling resources into sectors that provide greater value for money.
Looking ahead, Mr. Afreh Biney announced that SSNIT will launch its first virtual office by the third quarter of 2025, noting that the digital branch is expected to provide a full suite of services comparable to physical service centers accessible via mobile and online platforms, and available 24/7.
“From compliance to data support to benefits processing, the virtual branch will offer end-to-end services on demand,” he revealed.
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