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Business & Economy

SSNIT Disburses GH₵510.21M in January 2025 Pensions

SSNIT disbursed GH₵510.21 million in January 2025 pensions, reflecting a 12% increase, benefiting 253,601 retirees under Act 766.

SSNIT Targets 2.8 Million Members by 2028 as It Widens Pension Net
Isaac Kofi Tsoenamawu
Jan 18, 2025

Social Security and National Insurance Trust (SSNIT) has disbursed a total of GH₵510.21 million in pensions to 253,601 retirees for January 2025.

The payment, made on January 16, 2025, according to SSNIT demonstrates their commitment to providing timely and reliable support to pensioners.

The disbursement represents a 12% increase in monthly pension payouts as part of SSNIT’s annual indexation process for 2025. The adjustment was done in consultation with the National Pensions Regulatory Authority (NPRA) and complies with Section 80 of the National Pensions Act, 2008 (Act 766).

For January 2025, the highest monthly pension under PNDC Law 247 amounted to GH₵201,792.37, while the lowest pension for existing beneficiaries was GH₵396.58. Under Act 766, the highest monthly pension reached GH₵28,703.01, with the minimum for new pensioners set at GH₵300.

In December 2024, SSNIT disbursed GH₵454.05 million to 252,766 pensioners. During that period, the highest monthly pension under PNDC Law 247 stood at GH₵186,777.58, while the lowest was GH₵409.10. For pensions under Act 766, the highest monthly amount was GH₵26,506.66, with the minimum remaining at GH₵300.

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Next pension payment is scheduled for February 20, 2025.

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