We, the Management of the Social Security and National Insurance Trust (SSNIT), respond to recent posts circulating on myjoyonline and other media outlets suggesting that SSNIT will be unable to pay benefits by 2036 as a result of depletion in reserves.
The International Labour Organisation (ILO) has issued a stark warning regarding Ghana’s Social Security and National Insurance Trusts (SSNIT), highlighting an impending crisis that could leave pensioners without adequate benefits. “Starting in 2029, total income (contributions, investment income and other income) is no longer sufficient to pay for annual expenditures. "The reserve starts to decrease. During the year 2036, the reserve drops to zero,” the report stated.
NAIROBI,Devastating floods during Kenya’s rainy season, aggravated by climate change, have killed at least 38 people and displaced thousands as rivers burst their banks and inundated low-income neighborhoods.
Sedinam Tamakloe, former "CEO of MASLOC", has been sentenced to 10 years in imprisonment with hard labour. Daniel Axim, former Operational Manager of MASLOC, has also been jailed for five years with hard labour. An Accra High Court on Tuesday, April 16, convicted and sentenced Sedina Tamakloe to 10 years of imprisonment for causing financial loss to the state to the tune of GHS90 million.
Tuesday, April 9, the British Museum (BM) and the Victoria and Albert Museum (V&A) made a historic return of thirty-two royal objects to Ghana. These objects, taken from the Palace in Kumasi during the Anglo-Asante Wars of the 19th century, include items from the Sargrenti War of 1874.
Government Statistician Professor Samuel Annim has revealed that the inflation rate for March 2024 has surged to 25.8 percent, marking a notable increase from the 23.2 percent recorded in February.
