pension Archives - Wontumi Online

10 Sep

Private SSNIT Contributors Up 2.7%

wontumionlineBusinesspension, private sector, SSNIT

The total number of private sector SSNIT contributors, which partially gauges employment conditions, improved by 2.7 percent to 1,007,341 in May 2024, according to the Bank of Ghana’s Monetary Policy Report. This compares to 980,808 for the same period in 2023. Cumulatively, for the first five months of 2024, the total number of private sector contributors increased by 4.8 percent to 5,063,676, from 4,829,487 recorded over the corresponding period in 2023, the report noted. Additionally, the number of jobs advertised in selected print and online media, which partially gauges labor demand in the economy, remained largely unchanged in June 2024…

No Second Round Of DDEP For Pension Funds – Ofori-Atta Assures

wontumionlineNewsDDEP, Domestic Debt Exchange Programme (DDEP), Finance Minister Ken Ofori-Atta, pension

Finance Minister, Ken Ofori-Atta, has explained that there will not be another round of domestic debt restructured. An earlier report had indicated that whiles the minister was making an address at the ongoing IMF/World Bank Spring meetings, he hinted at a possible debt restructuring targeted at pension funds. According to him, the statement he made was misconstrued to mean he said there would be a second round of DDEP. “We are not planning a second round of the domestic debt exchange programme for pension funds. I think it was a misunderstanding,” he is quoted by myjoyonline.com He maintained that the…

We’ve Paid ¢2.4bn To Pensioners As Of August 2022; Never Defaulted – SSNIT Boss

wontumionlineBusinessbenefits, pension, SSNIT, SSNIT Pension scheme

The Social Security and National Insurance Trust (SSNIT) has paid about ¢2.4 billion as benefits to retired workers as of August 2022. This is slightly higher than the amount paid during the same period in 2021. According to the Director General, Dr. John Ofori-Tenkorang, this is expected to surpass the ¢3.2 billion paid the entire last year. “We pay every 3rd Thursday of the month. Last year, we paid ¢3.2 billion as benefits to our members (pensioners)”, he disclosed at the launch of the Mobile Service Week at Ho in the Volta region. “This year, up until August ending [August…