SSNIT effects 12% pension increment; GH₵510m disbursed for January 2025

The Social Security and National Insurance Trust (SSNIT) disbursed GH₵510.21 million in pensions to 253,601 retirees for January 2025, marking a 12% increase in payouts due to the annual indexation process.

The adjustment, compliant with Section 80 of the National Pensions Act, 2008 (Act 766), was made in consultation with the National Pensions Regulatory Authority (NPRA).

For January, the highest pension under PNDC Law 247 was GH₵201,792.37, while the lowest was GH₵396.58. Under Act 766, the highest monthly pension was GH₵28,703.01, with a minimum of GH₵300 for new pensioners. This follows December 2024’s disbursement of GH₵454.05 million to 252,766 pensioners.

SSNIT emphasized the importance of securing retirement by fully insuring earnings and announced the next pension payment for February 20, 2025.