Ato Forson Announces GH¢4.40 Billion Payment to SSNIT and Second-Tier Pensions to Protect Workers

According to a report by TV3 Ghana on Friday October 23, 2026, Finance Minister Dr Cassiel Ato Forson has announced that the government has paid more than GH¢4.40 billion to the Social Security and National Insurance Trust (SSNIT) and towards Second-Tier Pension obligations.

The payments are intended to help protect workers’ pensions and ensure that the government meets its financial responsibilities towards pension schemes. The announcement highlights the government’s efforts to address pension-related obligations and support the welfare of workers.

SSNIT plays an important role in Ghana’s pension system by managing the basic national social security scheme for workers in the formal sector. The Second-Tier Pension Scheme, on the other hand, forms part of Ghana’s three-tier pension system and is designed to provide additional retirement benefits to workers.

The payment of more than GH¢4.40 billion is therefore significant to workers who depend on pension contributions and benefits to support themselves after retirement. Meeting these obligations is important for maintaining confidence in the pension system and ensuring that workers’ retirement savings are protected.

The announcement comes after Dr Ato Forson disclosed that the government had released GH¢24.8 billion to statutory funds since January 2026.

Statutory funds are established under specific laws to support various public services and national development priorities. Government payments into these funds are important for ensuring that institutions receive the resources required to carry out their responsibilities.

The GH¢24.8 billion release covers statutory fund obligations, while the GH¢4.40 billion payment relates specifically to SSNIT and Second-Tier Pension obligations. The figures should not be treated as separate additional payments unless further details confirm this.

The Finance Minister’s announcement is expected to draw attention to the government’s financial commitments, particularly regarding pension payments and the management of public funds.

Workers and pension contributors will be watching developments closely to see how the government continues to meet its obligations and support the long-term sustainability of Ghana’s pension system.

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