The Social Security and National Insurance Trust (SSNIT) has confirmed its growth over the past six decades with an emphatic 300 per cent sustainability assurance.
Mr. Philip Kofi Senyah, General Manager in charge of operations at SSNIT while interacting with media practitioners at the 2025 Media Connect in Kumasi announced that SSNIT was poised to operate effectively in the years ahead.
The Kumasi Media Connect, attended by media practitioners from Ashanti, Ahafo, Bono and Bono East regions, was under the theme: “A legacy of service” as part of SSNIT’s 60th anniversary celebrations.
The forum was also to strengthen its collaboration and empowering the media to promote accurate and balanced reportage on social security issues.
Mr. Senyah announced that currently SSNIT has over 257,000 pensioners on its payroll and pays GHc5.1 billion monthly in pension with GHc201,000 being the highest and GHc300 as the lowest pension.
He said SSNIT can boast of 2.09 million active contributors as of August 2025 from 340,000 in 1965.
The General Manager said as at September 2025, about 96,000 active employers had registered with the Scheme and that 120,000 self-employed have since 2023 been registered with the Self Employed Enrolment Drive (SEED) noting that social security is a national security issue hence the introduction of SEED to cater for all employees from the informal sector.
Mr. Senyah said, in spite of challenges, SSNIT had consolidated its sustainability in investments emphasising that the Scheme would not die so long as it had ensured strategies by way of investments to regenerate active and successful operations.
General Manager Senyah explained that 95% of SSNIT investment in the area of Financial, Real Estate, Energy, ICT, Manufacturing, Food and Beverages and Agriculture among others are geared towards expanding the economy.
He said SSNIT’s Assets under management as at September 2025 amounted to GHc24 billion.
“With investment in various sectors of the economy in 22 out of 34 companies listed in the Ghana Stock Exchange (GSE) and 45 companies not listed in the GSE, SSNIT is 300 percent sustainability assured, “Mr. Senyah said.
He, therefore, dispelled fears that the scheme would die with time stressing that the scheme would be strong and ran without any problems in the ensuing years.
He called on employers to comply with regular payment of workers contributions to further push SSNIT’s sustainability agenda.
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