Finance Minister inaugurates SSNIT Board; questions some past investments decisions

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new Board of Trustees for the Social Security and National Insurance Trust (SSNIT). He emphasized the need for prudence, integrity, and transparency in managing Ghana’s pension funds.

During the ceremony in Accra, Dr. Forson highlighted SSNIT's national importance. He reminded the board that everyone will rely on it when they retire.

He stressed that Ghanaians have entrusted their future to the board. Their actions must reflect this significant responsibility.

Dr. Forson questioned some past investment decisions by SSNIT. He urged the new board to create a better path forward.

He warned against selling state assets to politically connected individuals. He stated firmly, “Please don’t sell state assets to politicians.” The President will not accept such actions, and he will oppose them as well.

The Finance Minister assured the Board that the government is current on all payments due to SSNIT. He pledged continued support from his Ministry to keep the Fund solvent and effective.

Chairman Nana Ansah Sasraku III acknowledged the challenges ahead but expressed readiness. “We are prepared, united, and committed,” he said about managing trust resources with integrity.

Here are the members of the newly constituted SSNIT Board of Trustees:

1. Nana Ansah Sasraku III – Chairperson
2. Thomas Nyarko Ampem, MP – Member
3. Kwesi Afreh Biney – Member
4. Ama Serwaa Bonsu – Member
5. Michael Bozumbil – Member
6. Dr. Emmanuel Adu-Sarkodee – Member
7. Abdul-Moomin Gbana – Member
8. Salamatu Braimah Mahama – Member
9. Thomas Tanko Musah – Member
10. Benjamin Arkaah Otoo – Member