Government Has Cleared All Arrears Owed to SSNIT – Ato Forson
Accra, Ghana - 03 June, 2025 - The Government of Ghana, through Finance Minister Dr. Cassiel Ato Forson, has assured the newly inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that all arrears owed to the Fund have been cleared.
This assurance comes as a significant development in the management of the country's pension system, providing relief to workers who have been concerned about the security of their retirement benefits.
Speaking at the inauguration ceremony of the SSNIT Board, Dr. Forson reiterated the government's commitment to sustaining the country's pension system. He confirmed that all outstanding obligations to SSNIT have been fully settled, stating, "I want to assure you that the government is current on all payments due to SSNIT. We are determined to continue honoring these obligations to safeguard the pensions of Ghanaian workers." This commitment is crucial in maintaining the financial stability of the Fund and ensuring that workers' retirement benefits are protected.
The Director-General of SSNIT, Mr. Kwesi Afreh Biney, corroborated the Finance Minister's statement, noting that the government has not only cleared arrears it inherited but has also fulfilled all current obligations. This development is expected to boost public confidence in the Fund's financial position and the government's dedication to protecting workers' retirement benefits.
The assurance comes amid increased public scrutiny over the management of pension funds and renewed calls for transparency in SSNIT's investment decisions. The government's commitment to clearing arrears and honoring its obligations is a positive step towards addressing these concerns and ensuring the long-term sustainability of the pension system.
The SSNIT Board, chaired by Nana Ansah Sasraku III, is made up of representatives from government, labor organizations, and employer groups, and is responsible for overseeing the Fund's strategic direction and ensuring effective governance.
With the government's assurance, the Board can focus on its core mandate of managing the Fund's resources and making informed investment decisions that will benefit workers and retirees.
Source: Lead News Online
