The Social Security and National Insurance Trust (SSNIT), in collaboration with the Trades Union Congress Ghana (TUC), has organised a regional forum in Takoradi to educate workers on pension benefits, address misconceptions and gather feedback to improve the scheme.
The engagement, which is being carried out across the country, aims to increase awareness of the SSNIT scheme in a bid to sustain membership. It also seeks to deepen understanding of the Tier 1 pension scheme, encourage participation from the informal sector and address workers’ concerns about benefits.
The forum was held under the theme: Empowered Unions, Secure Futures: Deepening Pension Literacy Across Ghana.
Speaking at the event, the Director-General of SSNIT, Kwesi Afreh Biney, said the Trust recorded improved investment performance in 2025, indicating a positive outlook for the scheme.
According to him, SSNIT’s investment portfolio grew to over GH¢25 billion in 2025, up from GH¢20.4 billion in 2024, representing a 25% increase.
He attributed the growth to improved performance in investments, including a GH¢77 million profit from Labadi Beach Hotel and a GH¢1.7 million profit from La Palm Royal Beach Hotel, which previously recorded losses.
Mr Afreh Biney said the gains were driven by enhanced accountability and strategies to improve underperforming assets.
He also lauded the government for consistently paying employees’ contributions to the Trust from 2025 to January 2026, adding that SSNIT is confident about the scheme’s trajectory.
Mr Afreh Biney further assured that SSNIT is not selling any of its hotels, noting that plans are underway to strengthen its presence in the hospitality industry and increase profitability.
The Deputy Secretary-General of TUC, Kwabena Nyarko Otoo, described the engagement as fruitful, saying members now have a better understanding of how the scheme works.
He added that the clarity gained would enable workers to plan effectively for their retirement.
