Business & Finance

Government Clears Arrears Owed SSNIT – Finance Minister

Finance Minister Cassiel Ato Forson has communicated the clearance of all arrears owed to the Social Security and National Insurance Trust (SSNIT).

Speaking at the inauguration ceremony of the new Board of Trustees on June 3, 2025, Dr Forson reiterated the government’s commitment to sustaining the country’s pension system.

“I want to assure you that the government is current on all payments due to SSNIT…We are determined to continue honouring 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.

 

Source: https://opemsuo.com/author/hajara-fuseini/

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