Audio By Carbonatix
The Director of Research and Policy at the Trades Union Congress, Dr Kwabena Nyarko-Otoo, believes the current challenges facing the Social Security and National Insurance Trust (SSNIT) are the result of serious managerial problems.
According to him, the management structure at SSNIT is flawed, which has resulted in the pension scheme's inability to pay pensioners the wages due to them. He argued that this is evident in the poor choices the fund has made over the years.
Speaking on the JoyNews National Dialogue on Pension Reforms on Thursday, July 25, he said “There are serious issues with pensions in Ghana. But most of it has to do with the reforms we did and it also has to do with SSNIT. Its management of our pension resources has not been the best.
Dr Nyarko-Otoo said this is demonstrated by the pension scheme's recent botched decision to sell 60% of its stake in four hotels to the Minister for Food and Agriculture and Member of Parliament for Abetifi Constituency, Bryan Acheampong's Rock City Hotel.
“Things we have known about SSNIT over the last few years illustrate clearly that pension fund management is a serious problem,” he added.
Latest Stories
-
Ukraine, global conflict, and emerging security uuestions in the Sahel
21 minutes -
Either defer new royalty regime or abolish Growth and Sustainability Levy – Chamber of Mines to government
53 minutes -
The Suit is a shroud ; the fugu is our resurrection
1 hour -
NDC appoints Inusah Fuseini as Ayariga steps down from Ayawaso East primary probe committee
1 hour -
T-bills auction: Government exceeds target by 246%; interest rates fall sharply to 9.9%
1 hour -
Lands Minister arrives in South Africa for annual African mining investment conference
2 hours -
Frank Quaye Writes: Nullify Ayawaso East primary to protect NDC’s integrity and goodwill
2 hours -
Medeama survive Samartex test to reach FA Cup last eight
2 hours -
Vote- buying, party reform, and the unfinished business of internal democracy in the NDC
2 hours -
Mahama Ayariga withdraws from NDC Ayawaso East probe as Majority Caucus demands cancellation of primary
2 hours -
Majority caucus calls for cancellation of Ayawaso East primary over vote-buying allegations
2 hours -
Jachie-Pramso SHS appeals for support as headmaster hails discipline
3 hours -
NDC committee given February 10 deadline to submit Ayawaso East vote-buying report
4 hours -
Abossey Okai spare parts dealers threaten one-week strike over new VAT regime
5 hours -
Sentencing is not a lottery -Lawyer defends Agradaa’s sentence reduction
5 hours