Peoples Pension Trust (PPT) has partnered the Swiss Capacity Building Facility (SCBF) to introduce new a pension scheme.

The new programme; Scaling Gender-Focused Financial Resilience (SGFR) was launched to commemorate this year’s International Women’s Day.

SGFR will support informal, marginalized, and excluded female workers and entrepreneurs to secure their future through micro-pensions.

Globally 1.8 billion people are working in the informal sector, and in Ghana, this represents approximately 80% of the population. Ghana’s informal sector workforce is predominately women, accounting for 54.9%.

This new programme will catalyse participation in pensions that will allow women to contribute small payments for long-term savings and have access to 50% of their contributions for immediate needs if necessary. The Program is targeted to reach 100,000 new customers, with 60% active female savers.

SGFR will accomplish this by partnering with women-based organisations to improve outreach and leveraging technology-based solutions to increase financial literacy and understanding of the benefits of long-term savings.

“Innovating financial inclusion is at the core of our work. By expanding financial inclusion, we build resilience to protect living standards, advance economic empowerment to increase income and asset building, and improve current and future generations’ living standards.

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