• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

SSNIT to Cough Up GHC4.0 billion As Payments to Pensioners this Year- SSNIT Boss

M.Cby M.C
October 15, 2022
Reading Time: 2 mins read
M.Cby M.C
in Pension
0
Stakeholders Call on SSNIT to Intensify Education on Tier Three

SSNIT Office

Dr John Ofori-Tenkorang, the Director General of the Social Security and National Insurance Trust (SSNIT) has disclosed that the Trust will pay a total of GH¢4.0 billion to pension beneficiaries in the country in 2022.

The Director-General of SSNIT noted that, currently, the Trust has a total 230,831 number of pensioners across the country. He thus, disclosed that the Trust as of September 2022, has paid a total of GH¢2.67 billion to pensioners. “In September 2022 alone, the Trust paid GH¢280.07 million to about 230,831 pensioners,” he stated.

The Director-General, moreover, disclosed that in 2021 the Trust paid a total of GH¢3.61 billion to pension beneficiaries and in 2020 an amount of GH¢3.3 billion was also paid to pensioners. Out of this, he noted that the highest pension earner received GH¢142,564.97 per month, while the lowest-earning pensioner gets GH¢300.00.

RelatedPosts

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive

Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance

SSNIT’s Asset Value Jumps 46% as Government Clears Debt and Investment Returns Soar

Dr John Ofori-Tenkorang explained that the portfolio of funds being managed by the SSNIT is helping promote the socio-economic development of the country and helping pensioners to eke out a better living.

Active SSNIT Contributors

Dr Ofori-Tenkorang noted that SSNIT currently has active contributors of 1.7 million, with private sector constituting 1,130,069, representing 63 per cent, whereas the public sector 649,072 total contributors, representing 36 per cent and the self-employed 17,006, representing one per cent. He asserted that the Trust is working to enroll more workers on the scheme, noting that the country currently has a workforce of 11.5 million with 9.9 million employed. “SSNIT will roll out a comprehensive campaign to register self-employed persons and informal sectors onto the Scheme,” Dr Ofori-Tenkorang, said.

The Director-General disclosed that at the end of May 2022, the Trust has retrieved more than GH¢101.38 million through court action and the total number of cases within the same period also stood at 10,365.

ADVERTISEMENT

Dr Ofori-Tenkorang spoke about the current merger of SSNIT cards and the Ghana card. He noted that so far, 1,279,849 active members have merged their SSNIT and Ghana card numbers.

The Director General explained that SSNIT is a statutory public institution charged under the National Pensions Act, 2008 (Act 766 as amended by Act 883), with the administration of Ghana’s Basic National Social Security Scheme. “Its mandate is to cater for the First-Tier of the Three-Tier Pension Scheme”.

Dr Ofori-Tenkorang averred that, the Trust is currently the largest non-bank financial institution in Ghana.

Director-General of SSNIT, Dr John Ofori-Tenkorang, made this known at the 2022 Employers Breakfast Meeting in Accra. Third in the series, it was attended by employers from Greater Accra and Eastern Region. The programme was as on the theme “Sustainability of the SSNIT Scheme – The Role of Employers.”

READ ALSO: Music Is My Safe Haven- Black Sherif

Tags: ContributorsEmployers BreakfastGhana cardSelf employedSSNIT
Please login to join discussion
Previous Post

Music Is My Safe Haven- Black Sherif

Next Post

GSS To Begin Nationwide Demographic And Health Survey Tomorrow

Subscription Form

Related Posts

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive
Pension

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive

October 7, 2025
Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance
Pension

Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance

August 15, 2025
Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive
Pension

SSNIT’s Asset Value Jumps 46% as Government Clears Debt and Investment Returns Soar

August 12, 2025
NPRA Pushes for Bold SSNIT Reforms to Safeguard Pensions After GH¢61.7bn DDEP Blow
Pension

NPRA Pushes for Bold SSNIT Reforms to Safeguard Pensions After GH¢61.7bn DDEP Blow

July 29, 2025
Unlock Capital for SMEs Through Pensions, Private Sector Boss Tells Government
Pension

Unlock Capital for SMEs Through Pensions, Private Sector Boss Tells Government

July 11, 2025
Ato Forson Cautions SSNIT Board Against Political Asset Sales at Inauguration
Pension

Ato Forson Cautions SSNIT Board Against Political Asset Sales at Inauguration

June 3, 2025
Putin’s Failure To Attend Istanbul Talks Decried
Europe

Putin Criticises US Sanctions On Russian Oil Giants

by Comfort AmpomaaOctober 23, 2025
Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA
Vaultz Business

Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA

by Michael Teye-Bio NaduteyOctober 23, 2025
Brazil's President, Luiz Inacio Lula da Silva.
Around the Globe

Lula To Seek Historic Fourth Term In 2026

by Comfort AmpomaaOctober 23, 2025
MahamaCares Partners Health Professionals for Healthcare Delivery Improvement
General News

MahamaCares Partners Health Professionals for Healthcare Delivery Improvement

by Emmanuel Tibila BoasahOctober 23, 2025
Galamsey Threat Puts Ghana’s Water Security at Breaking Point
General News

Developer’s Encroachment Threatens Kpeve Water Production – GWL

by Silas Kafui AssemOctober 23, 2025
OmniBSIC’s ‘Limitless Banking’ Strategy Breaks Barriers for Persons with Disabilities
Banking

OmniBSIC’s ‘Limitless Banking’ Strategy Breaks Barriers for Persons with Disabilities

by M.COctober 23, 2025
Putin’s Failure To Attend Istanbul Talks Decried
Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA
Brazil's President, Luiz Inacio Lula da Silva.
MahamaCares Partners Health Professionals for Healthcare Delivery Improvement
Galamsey Threat Puts Ghana’s Water Security at Breaking Point
OmniBSIC’s ‘Limitless Banking’ Strategy Breaks Barriers for Persons with Disabilities

Recent News

Putin’s Failure To Attend Istanbul Talks Decried

Putin Criticises US Sanctions On Russian Oil Giants

October 23, 2025
Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA

Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA

October 23, 2025
Brazil's President, Luiz Inacio Lula da Silva.

Lula To Seek Historic Fourth Term In 2026

October 23, 2025
MahamaCares Partners Health Professionals for Healthcare Delivery Improvement

MahamaCares Partners Health Professionals for Healthcare Delivery Improvement

October 23, 2025
Galamsey Threat Puts Ghana’s Water Security at Breaking Point

Developer’s Encroachment Threatens Kpeve Water Production – GWL

October 23, 2025
OmniBSIC’s ‘Limitless Banking’ Strategy Breaks Barriers for Persons with Disabilities

OmniBSIC’s ‘Limitless Banking’ Strategy Breaks Barriers for Persons with Disabilities

October 23, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address