Ghana. 10 Million workers in the informal sector not covered by social security- SSNIT
The management of the Social Security and National Insurance Trust (SSNIT) has met with stakeholders to find ways to expand and deepen the coverage of the basic national social security scheme for the self-employed.
This is because 10 million informal workers in the country are not covered by any social security.
During a speech at the event, the Minister of Employment and Labor, Ignatius Baffour Awuah, praised the SSNIT leadership for the initiative to expand social security coverage to the self-employed in the country.
“In fact, if we want to ensure that we all have a good standard of living, even in our old age, then the best way is to ensure that we get social security,” Mr. Baffour Awuah.
He explained that given the unique benefits the SSNIT scheme provides to members, it is important for the self-employed to join First-Tier.
“I am aware that there are so many pension products, but the difference between SSNIT and the other layers is that while the other layers pay a lump sum, the SSNIT scheme pays you a monthly pension until death, and I think that is something everyone must embrace, ”he said.
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