The Social Security and National Insurance Trust (SSNIT) has assured workers that its hotel assets are not up for sale as it deepened its nationwide pension literacy campaign with a regional forum in Takoradi alongside the Trades Union Congress (TUC).
The engagement in Takoradi formed part of a series of joint SSNIT-TUC regional forums aimed at improving workers’ understanding of the national pension scheme and encouraging broader participation, particularly among informal sector workers.
SSNIT Director-General Kwesi Afreh Biney, who has been leading the nationwide forums, used the Takoradi engagement to directly address persistent public speculation about the Trust’s hospitality assets. He assured attendees that SSNIT is not selling any of its hotels and confirmed that plans are underway to strengthen the Trust’s presence in the hospitality industry and improve profitability. The assurance comes after SSNIT’s La Palm Royal Beach Hotel posted an audited profit of GH¢1.7 million in 2025 and Labadi Beach Hotel recorded profits exceeding GH¢77 million during the same period, reversing years of losses.
Mr. Afreh Biney also praised the government for consistently paying its employees’ contributions to the Trust from 2025 through January 2026, a notable improvement from a previous pattern of prolonged defaults that had strained the scheme’s operations.
TUC Deputy Secretary-General Dr. Kwabena Nyarko Otoo described the engagement as fruitful, saying workers who attended now have a sharper understanding of how the scheme operates and how to plan effectively for retirement.
As previously reported by NewsGhana, SSNIT’s total assets under management grew 25 percent in a single year, rising from GH¢20.4 billion in 2024 to over GH¢25 billion by December 2025. The Trust currently has 2.1 million active contributors and more than 261,000 pensioners receiving benefits, with investment returns recovering to 8.03 percent in 2025 from negative 4.18 percent in 2024.
The forums are being held under the national theme “Empowered Unions, Secure Futures,” and have covered multiple regions including Koforidua, Kumasi, Tamale, Bolgatanga, and now Takoradi. SSNIT has set a target of reaching 2.4 million active contributors by the end of 2026.
