Securing employees’ future: Comply with pension contribution obligations - SSNIT Director-General to employers

Employers have been urged to comply strictly with pension contribution obligations to guarantee the income security and wellbeing of retirees.

The Director-General of the Social Security and National Insurance Trust (SSNIT), Kwesi Afreh Biney, who made the call, indicated that consistent employer contributions were also essential to maintaining the pension scheme's financial sustainability, which currently supported over 2.1 million active contributors and paid about GH¢564 million in pensions each month.

He added that SSNIT currently worked with about 94,000 registered employers nationwide with a compliance rate of 63.6 per cent.

He was speaking at an engagement with employers in Tamale on the theme “60 Years of Social Security: Employers Driving Compliance to Secure Ghana’s Workforce”.

The event brought together employers and key stakeholders to deliberate on improving contribution compliance and service delivery.

Service transformation

Mr Biney indicated that the scheme was repositioning itself beyond its statutory mandate to become a service-led institution focused on convenience, accessibility and value addition for contributors and employers.

According to him, SSNIT had expanded its digital services, including a virtual branch operating round the clock to enable members and employers to access services without visiting physical offices.

Additionally, he said the scheme had introduced a co-location strategy in partnership with selected banks to bring services closer to employers and contributors in various communities, including Tamale.

The Director-General further disclosed that SSNIT’s investment assets grew from GH¢24.4 billion at the end of 2024 to over GH¢25 billion by the close of 2025, describing the increase as evidence of prudent fund management and institutional growth.

Effective collaboration

For his part, the Deputy Director-General in charge of Operations and Benefits, Adam Sulley, described employers as indispensable partners in sustaining the scheme and urged continued collaboration to secure the retirement future of Ghana’s workforce.

He said the stakeholders meeting aimed at strengthening transparency, accountability and service improvement.