Dr Cassiel Ato Forson is the Minister of Finance
The Minister of Finance, Dr Cassiel Ato Forson, has assured the newly-inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that the government has fully settled all arrears owed to the pension fund.
Speaking at the official inauguration of the board in Accra, Dr Forson reaffirmed the government’s commitment to a robust and sustainable pension system, stressing that all outstanding obligations to SSNIT have been honored.
“I want to assure you that the government is current on all payments due to SSNIT. We are determined to continue honoring these obligations to safeguard the pensions of Ghanaian workers,” he said.
The Director-General of SSNIT, Kwesi Afreh Biney, backed the Minister of Finance’s statement, disclosing that the government has not only cleared inherited arrears but is also up to date on all current statutory contributions.
The minister’s assurance comes at a time of heightened public interest in the management of pension funds, following widespread calls for greater transparency and accountability in SSNIT’s investment portfolio and governance structures.
Dr Forson’s remarks are expected to bolster public confidence in SSNIT’s financial standing and reaffirm the government’s commitment to protecting the retirement benefits of workers across the country.
The newly-constituted SSNIT Board is chaired by Nana Ansah Sasraku III and comprises representatives from the government, organised labour, and employer groups.
The SSNIT Board has a mandate to provide strategic oversight and ensure sound corporate governance of the Fund.
SP/AE
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel