Tag: SSNIT
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Deadline for Ghana Card, SSNIT numbers merger extended to June 30
The Social Security and National Insurance Trust (SSNIT), has extended the deadline for members of the Scheme to merge their SSNIT and Ghana Card numbers to June 30, 2022. The initial deadline was December 31, 2021. From July 1, 2022, SSNIT says the Ghana Card will be the only identification number it recognises. “This is…
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SSNIT laments low number of NIA card merging by active members
The Social Security and National Insurance Trust (SSNIT) has revealed that very few people have merged their numbers with the Ghana Card. According to SSNIT, this phenomenon is due to the lagging NIA registration process. A day to the announced 31st December deadline for the exercise, only 1.1 million active contributors had merged their numbers.…
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SSNIT assures pensioners of regular payment of pensions
The Social Security and National Insurance Trust (SSNIT) has assured stakeholders that the Trust presently has enough reserves to pay all accruing benefits due to members and their validly nominated dependents. Managers of the Scheme said concerns raised in the 2017 actuarial valuation report, referred to by the Africa Centre for Retirement Research (ACRR), were being…
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Review SSNIT contribution rate to sustain it – ACRR calls on Parliament
The African Centre for Retirement Research (ACRR), a non-profit policy research organisation, has called for an increase in the rate of Social Security and National Insurance Trust (SSNIT) contributions to sustain the operations of the scheme. The centre, which focuses on retirement and pensions, said “the recommended contribution rate (cost rate) necessary to sustain the…
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We won’t accept contributions from persons without Ghana cards from January 2022 – SSNIT
The Social Security and National Insurance Trust (SSNIT) says employers who submit contributions reports for employees without Ghana card numbers from next year risk attracting sanctions. According to SSNIT such reports submitted at its offices from the 2nd of January 2022 will be rejected and employers could suffer penalties on such contributions if they are…
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RCBs call for government intervention to retrieve GH¢100M locked-up cash from NTHC
Some Rural & Community Banks (RCBs), particularly those in the Ashanti Region, claim their GH¢100 million is locked up with the National Trust Holdings Company Limited (NTHC). According to the directors of these rural banks, NTHC, which is a state-owned entity with SSNIT as its majority shareholder has failed to pay them their claims since…
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53% of SSNIT beneficiaries receive less than GH¢1000 — NPRA
More than half (53 per cent) of the 233,670 pensioners on the Social Security and National Insurance Trust (SSNIT) payroll currently receive less than GH¢1000 per month, Director of Planning, Research, Monitoring and Evaluation at the National Pensions Regulatory Authority (NPRA), Mr. Ernest Amartey-Vondee, has disclosed. Out of this number, he said 1,669 people were…
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Elizabeth Ohene appointed as Board Chair of SSNIT
The President, Nana Addo Dankwa Akufo-Addo has appointed Madam Elizabeth Ohene as the new Board Chair of the Social Security and National Insurance Trust (SSNIT). The one time former Minister of State under the Kufour regime will replace Dr. Kwame Addo Kufuor who served as Board Chair from 2017 to 2020. Madam Elizabeth Ohene who…
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15 employers to be prosecuted for not paying tier two contributions of their workers
Fifteen employers are currently being processed for prosecution for failing to pay the tier two contributions of their workers. This is according to the National Pensions Regulatory Authority (NPRA). The CEO of the NPRA, at a media briefing in Accra on Wednesday, 30th June 2021, also disclosed that the total amount paid to Corporate Trustees…
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![Ghanaians welcome merger of SSNIT and Ghana Card numbers [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/ssnit-merger.png)
Ghanaians welcome merger of SSNIT and Ghana Card numbers [Video]
As the integration of the Social Security and National Insurance Trust (SSNIT) and Ghana Card numbers begin, Ghanaians have welcomed the exercise and its attendant benefits. The merger process began on Monday, June 28, 2021, and is expected to provide a convenient means to transact business using one integrated card. This is expected to improve…