The Social Security and National Insurance Trust (SSNIT) has announced a 10 percent increase in monthly pensions for all 261,920 pensioners on its payroll as of December 31, 2025, effective January 2026.
The 2026 pension indexation was undertaken in consultation with the National Pensions Regulatory Authority (NPRA) and in line with Section 80 of the National Pensions Act, 2008 (Act 766).
Under the new structure, all SSNIT pensioners will receive a fixed six percent increase, with the remaining four percent redistributed as a flat amount of GH¢91.56.
This redistribution mechanism is aimed at offering greater relief to low-income pensioners.
As a result, pensioners currently receiving the minimum pension of GH¢300 will see their monthly benefit rise to GH¢409.56, representing an effective increase of 36.52 percent.
New pensioners joining the scheme in 2026 will receive a minimum monthly pension of GH¢400.
At the upper end, the highest-earning pensioner, who received GH¢201,792.37 as of December 31, 2025, will now earn GH¢213,991.47 per month in 2026.
Speaking at the 2026 pension indexation announcement in Accra, Mr. Kwesi Afreh Biney, Director-General of SSNIT, said the increase and redistribution model were designed to protect low-earning pensioners in line with the solidarity principle underpinning social security.
He explained that while pensions were increased by 12 percent in 2025 against an inflation rate of 23.8 percent, the 2026 indexation of 10 percent exceeds the December 2025 inflation rate of 5.4 percent, translating into a real growth of nearly five per cent.
“It is important to state that the current indexation is higher than the recent inflation rate. What that means is that every pensioner on the payroll has been covered by inflation,” Mr. Biney said, adding that the move reaffirmed the Trust’s commitment to pensioner welfare.
He further assured pensioners of SSNIT’s resolve to grow the fund sustainably while ensuring improvements in benefits as economic conditions improve.
Chief Actuary of SSNIT, Mrs. Evelyn Adjei, said the 2026 indexation rate was informed by salary growth among active contributors, projected average inflation of 8 ± 2 percent, and assessments of the Fund’s long-term sustainability.
She disclosed that about 70 percent of pensioners would benefit from the full 10 percent increase, at an additional cost of GH¢616.6 million to the Scheme. SSNIT is projected to pay over GH¢7 billion in pensions in 2026, with monthly disbursements exceeding GH¢580 million.
Mrs. Adjei noted that the decision balanced prevailing economic conditions with SSNIT’s statutory responsibility to preserve the real value of pensions while safeguarding the Scheme for future generations.
Also speaking, Mr. Frank Mobila, General Manager in charge of Benefits at SSNIT, said the pension adjustment underscored the Trust’s commitment to protecting the dignity and purchasing power of pensioners.
“The 2026 indexation focuses on cushioning low-income pensioners and strengthening the minimum pension floor, while maintaining responsible pension adjustments across the Scheme,” he said.
As of December 2025, SSNIT paid monthly pensions to 261,920 beneficiaries, while its active contributor base stood at about 2.1 million, comprising roughly two-thirds private sector workers and one-third public sector employees.
