The Social Security and National Investment Trust has categorically denied claims by the opposition NPP that it has been “forced” to pay the debt of Mr. Ibrahim Mahama, junior brother of President Mahama.
According to SSNIT, it has nothing to do with the debt owed by Engineers and Planners, a company owned by Mr. Ibrahim Mahama.
The NPP at a recent press conference alleged that SSNIT, has been forced by the president to use funds belonging to Ghanaian workers to retire a GH¢57.2 million debt owed by his brother.
According to the NPP, the bank at the time was being owed a total of GH¢330 million debt, with Ibrahim Mahama being the largest debtor, making up 19.2% of total debt.
But SSNIT says records and other relevant documentations available at Merchant Bank Ghana clearly indicate that the debt has not been redeemed.
A statement issued by the management of SSNIT, said it is guided by corporate governance that will enable it sustain the pension scheme for future generations.
The statement further explained that “SSNIT will never relegate its collective responsibility of keeping the sustainability of the contributors’ pension fund to the defrayment of independent debts contracted through an independent investee company like Merchant Bank”.
It expressed its commitment to the “provision of a superior mandatory basic first tier pension scheme to all its members when they fall due”.
It also assured the general public, workers and pensioners that it will do everything possible to protect their pension funds into the future.