• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 17, 2022
  • 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
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
No Result
View All Result
The Vaultz News
No Result
View All Result

PPT Collaborates With SCBF to Launch a New Pension Scheme

March 19, 2022
Stephen M.CbyStephen M.C
in Pension
0
PPT Collaborates With SCBF to Launch a New Pension Scheme

PPT and SCBF Executives

Peoples Pension Trust (PPT), a licensed Corporate Trustee in Ghana, has entered into a partnership with Swiss Capacity Building Facility (SCBF), a public-private development platform, to launch a new pension scheme program called Scaling Gender-Focused Financial Resilience (SGFR).

According to the Peoples Pension Trust, the new SGFR will support informal sector, marginalised and excluded female workers, and entrepreneurs to secure their future through micro-pensions.

Ghana’s informal sector workforce is predominately women, accounting for 54.9 per cent of Medium and Small-Scale Enterprises. Based on this, PPT noted that “this new programme will catalyse participation in pensions that will allow women to contribute small payments for long-term savings, and have access to 50 per cent of their contributions for immediate needs if necessary.”

RelatedPosts

Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics

NBC Ghana Trust Launches New Pension Product, Sets to Enroll 100,000 Workers

Some Fire Service Personnel Demand Locked GH₵8m Pension Fund from Management, Vows to Take Law into Own Hands

The Chief Executive Officer of SCBF, Sitara Merchant, indicated that the programme is targeted to reach 100,000 new customers, with 60 per cent active female savers.

“SGFR will accomplish this by partnering with women-based organisations to improve outreach and leveraging technology-based solutions to increase financial literacy and understanding of the benefits of long-term savings.”

Sitara Merchant

The Chief Executive Officer of SCBF iterated that “Innovating financial inclusion is at the core of our work. By expanding financial inclusion, we build resilience to protect living standards, advance economic empowerment to increase income and asset building, and improve current and future generations’ living standards.”

SGFR Programme to Focus on Key Demographics

Sitara Merchant stated that the SGFR Programme will leverage on technology to run the program and to make it effective.

“Fully aligned with our ambitions, focusing on our key demographic, women. Furthermore, we know that working with the private sector, specifically innovative technology providers is critical, and that the work of such partners can be more effective when complemented with public-sector and philanthropic frameworks and partnerships, core to this intervention.”

Sitara Merchant

Ms Merchant moreover estimated that in the next 40 years, the share of Ghanaians over 60 years old would double from seven per cent to 15 per cent. Quoting the World Bank 2019, she thus highlighted the ‘extending pension coverage to the Informal Sector in Africa report’, noting that one of the challenges in designing an informal sector pension scheme is reaching geographically dispersed people.

The CEO of Peoples Pension Trust, Saqib Nazir, averred that women are critical in the development of pension products. As such, she assured women of developing products to improve their accessibility.

“Our business model is based on addressing the main factors for their [women] exclusion by developing innovative, flexible, and digitally driven pension products to improve accessibility even to no-internet areas. From a commercial perspective, women are a critical demographic that tends to outperform their male peers on contributions and savings, however, they represent a lower percentage of our overall client base.”

Saqib Nazir

Saqib Nazir stated that the partnership with SBCF would allow PPT to better reach women through the development of gender-focused technology solutions and partnerships that support a more inclusive approach to reaching women, informal sector; from a positioning and financial literacy perspective.

READ ALSO: Trading in Chinese Yuan Currently Not Feasible, Approach Such Issues Scientifically- GITFIC

Tags: New Pension SchemePeople’s Pensions TrustSCBF

Send your news stories to [email protected] and via WhatsApp on +233543050759.

Related Posts

Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics
Pension

Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics

May 17, 2022
NBC Ghana Trust Launches New Pension Product, Sets to Enroll 100,000 Workers
Pension

NBC Ghana Trust Launches New Pension Product, Sets to Enroll 100,000 Workers

May 16, 2022
Some Fire Service Personnel Demand Locked GH₵8m Pension Fund from Management, Vows to Take Law into Own Hands
Pension

Some Fire Service Personnel Demand Locked GH₵8m Pension Fund from Management, Vows to Take Law into Own Hands

April 28, 2022
SSNIT Statistics Prove Contributors Are Not Dying Early
Pension

SSNIT Statistics Prove Contributors Are Not Dying Early

April 22, 2022
Filmmaker Advises Actors to Join SSNIT or Other Pension Schemes
Pension

Filmmaker Advises Actors to Join SSNIT or Other Pension Schemes

April 13, 2022
You Don’t Need Lawyers to Get Your Pension Benefits- NPRA CEO Educates Pensioners
Pension

You Don’t Need Lawyers to Get Your Pension Benefits- NPRA CEO Educates Pensioners

April 12, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Don’t neglect your mother to suffer even if you’re hurt – KK Fosu advises Shatta Wale

Next Post

Ghana: Trade Balance Nosedives by 6.42% Year-on-Year in February 2022

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
mine
Extractives/Energy

Orca Gold Shareholders “Overwhelmingly” Approve Acquisition by Perseus

by Stephen AbankwahMay 17, 2022
NPP to release flagbearer aspirant guidelines soon- John Boadu
General News

NPP Says It’s Early For Presidential Candidate Suggestion

by Priscilla KorantengMay 17, 2022
Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics
Pension

Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics

by Stephen M.CMay 17, 2022
Passenger Who Landed Plane Without Experience Shares His Story As His Identity Is Revealed
Entertainment

Passenger Who Landed Plane Without Experience Shares His Story As His Identity Is Revealed

by Dorcas DamehMay 17, 2022
Ghana Named Among 3 African Countries Likely To Hike Policy Rate This Month
Economy

Ghana Among 3 African Countries Likely To Hike Policy Rate In May

by Stephen KotochieMay 17, 2022
Take Pig Farming as a Business- Pig Farmers Association
Agribusiness

Take Pig Farming as a Business- Pig Farmers Association

by Deborah Dzifah TamakloeMay 17, 2022
mine
NPP to release flagbearer aspirant guidelines soon- John Boadu
Formulate Policies on Aging By Leveraging Available Data- Head of Demographics Statistics
Passenger Who Landed Plane Without Experience Shares His Story As His Identity Is Revealed
Ghana Named Among 3 African Countries Likely To Hike Policy Rate This Month
Take Pig Farming as a Business- Pig Farmers Association
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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

Copyright © 2021 The Vaultz News. All rights reserved.

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