Business News of Wednesday, 16 July 2025

Source: www.ghanaweb.com

SSNIT outlines key benefits for employees and employers

Philip Kofi Senyah is the General Manager of Operations at SSNIT play videoPhilip Kofi Senyah is the General Manager of Operations at SSNIT

Philip Kofi Senyah, General Manager of Operations at the Social Security and National Insurance Trust (SSNIT), has highlighted the multiple benefits of the scheme for both employers and employees, urging full compliance and participation.

Speaking at an Employers' Breakfast Meeting on July 16, 2025, Senyah emphasised the importance of employers directly managing their SSNIT contributions to minimise errors.

“Because these activities are done by you yourself, if the figures are wrong, you’ll know,” he said.

He cautioned that relying on third parties could result in errors, particularly when employers are not present during data entry or submission.

Senyah also underscored the convenience and transparency offered by SSNIT’s digital systems.

“You can go there anytime and access your own information. It’s available 24/7,” he noted, adding that this would soon be enhanced through the introduction of a virtual office.

He revealed that SSNIT currently pays monthly pensions to over 257,000 retirees, made possible by the consistent contributions of active workers.

He also discussed the Invalidity Pension, which supports workers who become unable to continue working due to health conditions or disability.

“The burden will now be shifted to SSNIT, not the employer. You are pushing that risk to SSNIT,” he explained.

Additional benefits he mentioned included the Survivors’ Benefit, which offers financial support to the families of deceased contributors, and SSNIT’s broader role in providing financial security after retirement.

Senyah encouraged employers to actively support their employees in contributing to SSNIT, stressing that the system plays a critical role in national social protection.



DR/MA

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