SSNIT stops undertaking for pensioners' loan

Ho, Jan. 07, GNA - The Social Security and National Insurance Trust (SSNIT) has stopped providing undertakings to enable pensioners to obtain loans from their Bankers.

This is because some pensioners have been abusing the system over the years, Mr Bliss Dusu, Acting Branch Manager told the Ghana News Agency in an interview on Thursday.

Some pensioners called at the GNA Office in Ho to express their frustration at the alleged refusal of SSNIT Management in Ho to guarantee their loan applications.

The pensioners also complained of not being given pay advice by SSNIT to enable them to know how much was due them as monthly pension pay. Mr Dusu said the decision notwithstanding, the banks could still do business with pensioners without necessarily involving SSNIT. "Pensioners are their clients and they should be able to do business with them without necessarily involving SSNIT," he said, and advised banks to re-design their loan formats for pensioners and relate to them as customers.