JoyNews organized a national dialogue to explore essential reforms needed to safeguard Ghana's pension.

In recent times, the management and utilization of Ghana's pension funds have faced intense scrutiny, raising significant concerns about the security and sustainability of these crucial financial reserves.

Ghana's pension system has undergone significant changes since the establishment of the Social Security Act in 1965.

The original framework was predominantly pay-as-you-go, placing a heavy financial burden on the government.

Recognizing the unsustainability of this model, reforms were introduced in 2008 through the National Pensions Act (Act 766).

This Act established the current three-tier system, aimed at diversifying pension resources, enhancing fund management, and ensuring long-term sustainability.

However, questions remain about the effectiveness of these reforms. Are pensioners satisfied with the current system? How well are the pension funds being managed?

The dialogue aimed to address these questions by bringing together a diverse pool of stakeholders, including policymakers, financial experts, researchers, pension fund managers, pensioners, civil society organizations, and representatives of workers' unions.

Audience can join the conversation via the feed below: