Government commits GH¢4.4 billion to SSNIT, second-tier pensions

Finance Minister Dr Cassiel Ato Forson has announced that the government has paid more than GH¢4.40 billion to the Social Security and National Insurance Trust (SSNIT) and towards the settlement of second-tier pension obligations.

He said the payments formed part of the government's commitment to protecting workers' retirement benefits, meeting its financial obligations and ensuring the responsible management of public funds.

“Government has paid over GH¢4.40 billion to SSNIT and for Second-Tier Pension obligations,” Dr Forson stated.

“This helps protect workers’ pensions and shows our commitment to managing public money responsibly and meeting our obligations,” he added.

The payments are expected to support the country's pension system and help ensure that workers' retirement benefits are safeguarded.

The announcement follows an earlier disclosure by the Finance Minister that the government had released GH¢24.8 billion to statutory funds since January 2026.

According to Dr Forson, the funds were released on time and in full to enable the beneficiary institutions to carry out their respective mandates without delays in funding.

The statutory funds support key sectors of the economy, including education, healthcare, road maintenance and local development. Beneficiary institutions include the Ghana Education Trust Fund (GETFund), the National Health Insurance Fund, the District Assemblies Common Fund (DACF), the Ghana Medical Trust Fund and other statutory agencies.

Dr Forson has emphasised the importance of timely releases to ensure that these institutions have the financial resources required to provide essential services and implement development programmes for the benefit of Ghanaians.

Pension contributions and payments remain critical to securing workers' financial wellbeing after retirement, while timely transfers to statutory funds help sustain public services and development initiatives across the country.