Business & Economy

SSNIT, TUC engage Ashanti workers to deepen pension literacy

Deborah Okailey Quarcoo•4h ago•332 words · 2 min read

Summary

The Social Security and National Insurance Trust (SSNIT) have intensified sensitization for informal sector workers to enroll in pension schemes to guarantee financial security after retirement. In collaboration with the Trade Union Congress (TUC), SSNIT held a regional engagement forum in Kumasi to boost pension literacy and encourage active participation in pension schemes. The engagement forms part of a nationwide outreach programme aimed at improving understanding of pension schemes among workers, with a special focus on self-employed individuals.

Adam Sulley, Deputy Director-General in-charge of Operations and Benefits at SSNIT, urged all employees to be concerned about their pension. Mr. Sulley disclosed that SSNIT's fund has seen significant growth, rising from GH¢20 billion in 2024 to GH¢25 billion in 2025, attributing the increase to strategic investments. He advised workers to regularly monitor their contributions and ensure employers remit payments promptly to safeguard their retirement benefits. He explained that where accurate information about a deceased contributor is readily available, it takes approximately two weeks for beneficiaries to receive payments. SSNIT is collaborating with the National Identification Authority and the Births and Deaths Registry to improve data access and speed up claims processing. Mr. Sulley announced the introduction of a virtual branch system to enhance digital service delivery and reduce congestion at SSNIT offices. He said, "All workers must take advantage of SSNIT to secure their future. We have strengthened our systems to ensure prompt payment of benefits, including death claims, once the right information is available."

Joshua Ansah, the Secretary-General of the TUC, commended SSNIT for the initiative, noting that such engagements help build trust and improve workers' understanding of pension operations. He encouraged workers to actively participate in the scheme, stressing that it guarantees long-term financial security. He stated, "This engagement is important

Quick Summary

SSNIT and the TUC are working together to educate Ashanti region workers about pension schemes. The goal is to increase participation, especially among self-employed individuals - but what challenges do they face?

#SSNIT #TUC #pensions #financial security #Ashanti region

Summary - read the full story for complete context.