August 2017

30Aug

Ghana. SSNIT’s investment strategies must change now – Bright Simons

Vice President of IMANI Africa, Bright Simons, is advising Social Security and National Insurance Trust (SSNIT) to urgently change its investment strategies it is to see a turnaround from its current bleak standing. Speaking on Eyewitness News, Mr. Simons noted that about half of the money SSNIT has invested is generating negative returns. “When you look at how much SSNIT invests and the mechanisms through which it invests, you have to start becoming very worried. No wonder SSNIT itself says that...

August 30, 2017
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July 2017

06Jul

Ghana. Government should address Tier Two Pension issues – Forum

The forum for Public Sector Registered Pension Schemes has given the Government up to the end of July to resolve outstanding issues regarding the Tier Two Pension Scheme. Mr Isaac Bampoe Addo, the Chairman of the forum, at a news conference in Accra, said since 2010 when the scheme commenced, goverment had about 80 months' arrears of their five per cent monthly deductions to be paid to their respective custodian fund managers. The forum the Government should transfer all contributions deducted...

July 6, 2017
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April 2017
19Apr

NPRA baits informal workers

The National Pensions Regulatory Authority (NPRA) has slashed the registration fee for corporate trustees wishing to operate in the informal sector from GH¢5,000 to GH¢1,000, as part of measures aimed at enticing more trustees to rope non-formal workers into the pension scheme. The authority has also reduced the individual trustee informal sector licensing fee from GH¢5,000 to GH¢500. The measures, which took immediate effect, are expected to help encourage high participation of corporate trustees in the informal sector. The reduction in the...

April 19, 2017
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March 2017

29Mar

Ghana. Informal sector players to enroll on pension schemes

Some financial institutions have begun moves aimed at getting more workers in the informal sector to enroll on pension schemes. According to some reports, about 70 percent of Ghana’s working force that fall under the informal sector do not have any pension scheme. In an interview with Citi Business News, the Chief Executive Officer of Old Mutual Ghana, George Kojo Addison said talks have begun with associations in the informal sector to increase their interest in pensions as well as get...

March 29, 2017
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