The program is the ideal pension plan for Ghanaian workers, according to Dr. John Ofori-Tenkorang, Director-General of the Social Security and National Insurance Trust (SSNIT).
He clarified that indexation has been done by the SSNIT management to keep up with the increasing rate of inflation.
He claimed that this is one of the factors making the program the finest one for employees.
Every year, SSNIT performs indexation, and the indexation keeps pace with inflation. SSNIT is aware of the effects of inflation, so we account for it,” he remarked during the Ghana National Association of Teachers (GNAT) Investment Forum on June 29, 2022, which was hosted at the University of Ghana.
“I will urge people not to throw the baby out with the bad water. The narrative is that SSNIT is not good, people connived with their employers not to pay their SSNIT, the SSNIT scheme is the best that you can ever get anywhere else as far as pensions is concerned. If you don’t join to contribute, you are harming yourself,” he added.
He further indicated that the management is going to roll out a programme to educate people on the need to join SSNIT.
“We are going to roll out a programme to get people to come and join SSNIT because it is the best thing they can do for themselves,” he said.
