The Director General of the Social Security and National Insurance Trust, (SSNIT), Dr. John Ofori-Tenkorang has indicated that his outfit is willing to participate in the second round of the Domestic Debt Exchange Programme (DDEP).

According to him, the terms of the offer are more favorable than the initial DDEP, hence the decision to subscribe.

He was speaking at the 2023 edition of employers’ breakfast meeting.

The SSNIT held an engagement with employers in the country to deliberate on how to ensure the prompt payment of SSNIT contributions of their employees. The Trust as of June 2023 had retrieved ¢132million arrears through court cases.

Dr. Ofori Tenkorang said the Trust will make sure enough it has liquidity to pay pensions when they are due.

“Government has tabled a new offer for pension funds that are holding government bonds, and the terms of the offer are certainly better than the first so we will look at it and then we will subscribe and make sure that we have enough liquidity to be able to pay immediate benefits when they are due”, he said.

A Deputy Director General of Operations and Benefits at SSNIT, Pearl Nana Ama Darko urged employers to be compliant and pay SSNIT contributions of their employees.

The Trust also indicated that it has been able to implement the SSNIT and GhanaCard numbers merger, which has improved the Trust’s identification system, enhanced onboarding of new Members and eliminated costs of printing new cards.

According to the Trust, the merger will greatly facilitate the ease of doing business with the Trust, improve contributions collection and claims processing.

The 2023 edition of Employer’s breakfast meeting was held under the theme “Providing Pensions for all, the role of the employer”.