Don’t sell state assets to politicians – Dr Ato Forson to new SSNIT Board

Minister of Finance, Dr. Ato Forson [M] in a photo with members of the SSNIT Board

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

Addressing the newly sworn-in members at a ceremony in Accra, Dr Forson underscored the vital national importance of SSNIT, reminding the board that it is an institution “we will all need one day, when we retire.”

He highlighted that the people of Ghana have entrusted their future into the hands of the board and that their actions must reflect the gravity of that responsibility.

Dr. Forson also raised concerns about some of SSNIT’s past investment decisions and urged the new board to chart a more responsible path forward.

He issued a stern warning against any attempts to sell state assets to politically connected individuals, stating unequivocally, “Please don’t sell state assets to politicians. The President will not accept it, and as your sector Minister, I will be the first to oppose it.”

The Finance Minister assured the Board that the government is current on all payments due to SSNIT and pledged the Ministry’s continued support to ensure the Fund remains solvent and effective.

Chairman of the newly constituted Board, Nana Ansah Sasraku III, acknowledged the enormity of the task ahead but expressed confidence in the board’s preparedness and commitment.

“We are prepared, united, and committed to ensure that the trust resources are managed with integrity and foresight,” he affirmed.

Members of the SSNIT Board of Trustees:

Nana Ansah Sasraku III – Chairperson

Hon. Thomas Nyarko Ampem, MP – Member

Mr. Kwesi Afreh Biney – Member

Ms. Ama Serwaa Bonsu – Member

Mr. Michael Bozumbil – Member

Dr. Emmanuel Adu-Sarkodee – Member

Mr. Abdul-Moomin Gbana – Member

Ms. Salamatu Braimah Mahama – Member

Mr. Thomas Tanko Musah – Member

Mr. Benjamin Arkaah Otoo – Member

Dr. Frank A. Odoom – Member

Ms. Gifty Adishetu Mahama-Biyira – Member