Business

SSNIT to expand its operations

The Social Security and National Insurance Trust (SSNIT) has hinted at intentions to expand its operations and include employees in the informal business sector.

The Trust would like to see more people join the scheme on their own accord.

Only 1.7 million people in Ghana’s 14 million workforce are active contributors to SSNIT.

According to the National Pensions Regulatory Authority (NPRA), the informal sector employs 85 percent of the working population.

Dr. John Ofori-Tenkorang, Director-General of SSNIT, says persons in the informal business sector are not taking  advantage of SSNIT because they believe the plan is just for those in the formal sector.

“What we are going to do starting 2022 is to hit the pavement and go out there to sell the SSNIT. It’s about time we get out of our offices, engage people and let them know that they too are entitled to insure the income they’re making today for the future”, Dr Ofori-Tenkorang said.

According to him, the law allows self-employed people to join the scheme as voluntary contributors.

He was speaking at an employers’ breakfast meeting in Kumasi.

The purpose of the meeting was to strengthen the relationship between SSNIT and employers, improve  employers understanding of the First Tier Scheme’s operations, and assist employers in appreciating  the value of the  social security contributions they pay for their employees, as well as the positive impact  it has on the country’s economy.

Laurette Korkor Otchere, Deputy Director-General in Charge of Operations and Benefits, has charged companies to ensure that their employees’ contributions are paid.

“One of the concerns that has come to our attention is the employers unwillingness to pay contributions for staff on probation and temporary employees. All workers, whether permanent or contract, have a right to social security and you must not deny them of this right”.

The engagement provided forum for employers to address their challenges they faced in dealing with the Trust.

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