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.

• Read also: Rock City withdraws bid to purchase 60% SSNIT stake in 4 hotels

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.