• About
  • Advertisements
  • Terms of Use
  • Contact
Friday, June 27, 2025
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

Your contributions are safe – SSNIT reacts to ILO report

by The Sikaman Times
April 29, 2024
Your contributions are safe – SSNIT reacts to ILO report
ShareTweetSendShareSend

The Social Security and National Insurance Trust (SSNIT) has dismissed claims suggesting that the scheme may face challenges in meeting its financial obligations to beneficiaries in the future, as highlighted in the 2020 International Labour Organisation Actuary Report.

Acknowledging the speculative nature of the report’s findings, the scheme firmly stated that these projections do not align with the current realities on the ground.

Addressing journalists in Accra on Monday, Joseph Poku, Chief Actuary of SSNIT, reassured contributors that the scheme remains robust and well-positioned to cater to their needs.

“You cannot lift everything in there and say SSNIT is collapsing in the next 12 years; it is far from the truth. These are the processes. You take a period of 75 years, and then, based on reasonable assumptions, you make projections. But remember, if you alter the assumptions, the results will differ. So, don’t take the report at face value; consider it alongside the underlying assumptions,” he further stated.

Mr. Poku also clarified that, despite occasional delays in government contributions, the government has fulfilled its commitments up to January 2024. Ongoing engagements continue to ensure sustained support.

“Monthly contributions have been paid up to January 2024,” he said, adding, “While we recognise that March payments should have been made by now, it’s important to note that the government has fully covered January’s contributions and part of February’s as well. Any delays are minimal, considering the overall timeline,” he said.

 

Source: CitiNewsRoom

*****
Never miss out on the news. Get your valuable breaking news and other vital content by following The Sikaman Times on WhatsApp Channel

*****

Advertisement Advertisement
Tags: FeaturedILOInternational Labour OrganisationPensionSSNIT
ShareTweetSendShareSend
Previous Post

OPINION: SSNIT must show proof of reserves

Next Post

Financial sector restructuring was a necessary evil – Lecturer at MIG Business Forum

Related Posts

Dr. Alex Kombat of GRA
Business

GRA announces rollout of Modified Taxation System to improve informal sector compliance

June 27, 2025
BudgIT Ghana urges GRA-MMDA collaboration as research reveals gaps in informal sector tax knowledge
Business

BudgIT Ghana pushes GRA-MMDA collaboration to close gaps in informal sector tax knowledge

June 27, 2025
Bridget Otoo
Communication

Mahama appoints Bridget Otoo as presidential staffer

June 27, 2025
Martin Kpebu
Communication

Martin Kpebu urges end to in-camera hearings in CJ removal petitions

June 27, 2025
Mahama appoints new Bank of Ghana governing board
Banking & Finance

BoG reportedly reverses termination of recruits, places them on extended probation

June 27, 2025
Innovation and Start-up Bill to be passed by December 2025 – Communications Ministry
Business

Innovation and Start-up Bill to be passed by December 2025 – Communications Ministry

June 26, 2025
Next Post
Financial sector restructuring was a necessary evil – Lecturer at MIG Business Forum

Financial sector restructuring was a necessary evil – Lecturer at MIG Business Forum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • AAMUSTED researchers urge governance reforms in emerging-market universities to address key challenges

    AAMUSTED researchers urge governance reforms in emerging-market universities to address key challenges

    48 shares
    Share 19 Tweet 12
  • Stakeholders chart path for inclusive innovation economy at AyaHQ roundtable

    2 shares
    Share 1 Tweet 1
  • GRA announces rollout of Modified Taxation System to improve informal sector compliance

    1 shares
    Share 0 Tweet 0
  • Innovation and Start-up Bill to be passed by December 2025 – Communications Ministry

    1 shares
    Share 0 Tweet 0
  • BoG reportedly reverses termination of recruits, places them on extended probation

    1 shares
    Share 0 Tweet 0
The Sikaman Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western

Recent News

Dr. Alex Kombat of GRA

GRA announces rollout of Modified Taxation System to improve informal sector compliance

June 27, 2025
BudgIT Ghana urges GRA-MMDA collaboration as research reveals gaps in informal sector tax knowledge

BudgIT Ghana pushes GRA-MMDA collaboration to close gaps in informal sector tax knowledge

June 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2024 - The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2024 - The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2025
The Sikaman Times