SSNIT supports 300,000 pensioners with GH¢400 million monthly

Accra, Ghana - October 11, 2024 - The Social Security and National Insurance Trust (SSNIT) has reaffirmed its commitment to reducing old-age poverty in Ghana. The Trust currently pays out approximately GH¢400 million monthly to over 300,000 pensioners.

SSNIT's Self-Employed Enrollment Drive (SEED) has also made significant progress, enrolling around 128,000 self-employed individuals into the scheme. This initiative aims to extend coverage to those in the informal sector.

According to Kingsley Adjei-Manu, General Manager of Operations at SSNIT, "We have enrolled about 128,000 self-employed persons in the scheme... On average, every month we pay about GH¢400 million to about 300,000 pensioners, helping reduce old-age poverty in Ghana."

Adjei-Manu encouraged self-employed individuals and those in the informal sector to join SSNIT, emphasizing the importance of securing their financial futures.

“So far, we have enrolled about 128,000 self-employed persons in the scheme. So, we are still engaging them and getting people to enrol.”

“…So far, on average, every month we pay about GH¢400 million to about 300,000 pensioners, and that is helping reduce old-age poverty in Ghana. We hope that going forward in the years to come, we can get more people to join the scheme so that we can use the scheme to help reduce old-age poverty,” he stated.

Source: Lead News Online