Ghana’s Finance Minister, Dr. Cassiel Ato Forson has assured the newly inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that the government has cleared all arrears owed to the Fund.
Speaking at the inauguration ceremony in Accra, Dr. Forson reiterated government’s commitment to sustaining the Ghana’s pension system, confirming that all outstanding obligations to SSNIT have been fully settled.
“I want to assure you that the government is current on all payments due to SSNIT,” he stated. “We are determined to continue honoring these obligations to safeguard the pensions of Ghanaian workers.”
Director-General of SSNIT, Mr. Kwesi Afreh Biney, confirmed the payments and noted that the government has not only cleared arrears it inherited but has also fulfilled all current obligations.
The Finance Minister’s assurance comes amid increased public scrutiny over the management of pension funds and renewed calls for transparency in SSNIT’s investment decisions. His remarks are expected to strengthen public confidence in the Fund’s financial position and the government’s dedication to protecting workers’ retirement benefits.
The newly constituted SSNIT Board is chaired by Nana Ansah Sasraku III and comprises representatives from government, organised labour, and employer groups.
The Board is tasked with providing strategic oversight and ensuring sound governance of the Fund.
Full list of members includes:
1. Nana Ansah Sasraku III – Chairperson
2. Thomas Nyarko Ampem, MP – Member
3. Kwesi Afreh Biney – Member
4. Ama Serwaa Bonsu – Member
5. Michael Bozumbil – Member
6. Emmanuel Adu-Sarkodee – Member
7. Abdul-Moomin Gbana – Member
8. Salamatu Braimah Mahama – Member
9. Thomas Tanko Musah – Member
10. Benjamin Arkaah Otoo – Member
11. Frank A. Odoom – Member
12. Gifty Adishetu Mahama Biyira – Member
The Board is expected to provide strategic direction and oversight to SSNIT at a time when public confidence in pension administration is of paramount importance.
With a focus on sustainability, the Board will play a central role in ensuring the long-term viability of one of Ghana’s most vital social protection institutions.
SOURCE: MINISTRY OF FINANCE
