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The Social Security and National Insurance Trust (SSNIT) has unveiled plans to strengthen its investment strategy aimed at ensuring a sustainable future for pensioners in Ghana. During a recent meeting in Accra focused on the 2026 pensions indexation, Director-General Kwesi Afreh Biney announced a 10% increase in pensions, which will incur an additional cost of GHS616.6 million this year.
With total assets reaching GHS25 billion, SSNIT is the largest investor on the Ghana Stock Exchange, having investments in 22 out of the 33 listed companies. The Trust aims to diversify its portfolio, particularly in key sectors such as energy and hospitality, to stimulate economic growth and provide financial stability for over 261,920 pensioners.
As part of the new strategy, the minimum monthly pension will rise from GHS300 to GHS400, benefiting approximately 70% of current pensioners. SSNIT also plans to expand its contributor base by targeting an additional 200,000 active contributors by 2026. Chief Actuary Evelyn Adjei emphasized that these adjustments are designed to prioritize low-income pensioners while maintaining the integrity of the pension scheme for future generations.