Dr. John Ofori-Tenkorang, the Director General of Social Security and National Insurance Trust (SSNIT), has announced that it will roll out its planned online digital payment platforms for pension contributions in a week’s time.

According to the Director General, an enhanced and interactive self-service portal would also be introduced, and the service enhancements are being made possible through the Government’s efforts at digital transformation. He disclosed that a waiver of the electronic transaction levy (E-Levy) has been secured, and is part of commitments to ensuring it is patronized by all.

Dr. John Ofori-Tenkorang noted that digital transfers would ensure more convenient services, and the Trust would place the services under constant improvement to serve clients better.

“I am happy to announce that about a week from today, members can pay their contributions using Momo and pensioners can also opt to receive their pensions through Momo (E-LEVY exempt), and by the close of the year, the SSNIT app will be fully functional.”
Dr. John Ofori-Tenkorang

“I believe in continuous improvement, and we are not going to stop here, but make sure we deliver the best for you. We are committed to making sure we have a transparent organization,” Dr. Ofori-Tenkorang said, adding that effective systems were in place to monitor finances.

The Director General stated that the current digital revolution in the nation’s identification has helped to cleanse the system of unverified payments and that the Scheme has saved about GH¢325 million by stopping unverified payments.

SSNIT Is the Best in the Country

The Director General noted that the Scheme continued to excel as the best in the country, and was making efforts to attract the informal sector, which has a population of over 10 million, and was the backbone of the Nation’s economy. He disclosed that the Scheme pays out GH¢230 million in pensions annually and totaled GH¢3.2 billion in 2021.

Dr. Ofori-Tenkorang asserted that the scheme never departed from its commitments and has been raising pensions annually. “Invalidity payments were also being honoured, and has paid the over 1500 eligible persons nationwide, GH¢18.5 million in 2021. SSNIT gives superior value to any long-term investment that one can engage in,” he assured.

The Director General emphasized that the Scheme has a secured system to allow smooth wireless financial transactions across various digital platforms. “98 percent of the time, our systems are very effective,” he stated.

Dr. Ofori-Tenkorang announced the commencement of the new feature when he opened the 2022 customer week celebration in Ho, noting that the new system would allow mobile transfers from bank accounts.

Dr. Archibald Yao Letsa, Volta Regional Minister, on his part, said “all must sign up for the SSNIT Pension Scheme, irrespective of job class”. He entreated the informal sector to take advantage of the enhanced registration services to join the scheme.