The Social Security and National Insurance Trust (SSNIT) has sanctioned a 10 per cent rise in pension payments for 2026.

The adjustment, approved in consultation with the National Pensions Regulatory Authority (NPRA), will provide all pensioners with a 6 per cent fixed increase, supplemented by a portion of the remaining 4 per cent redistributed among beneficiaries.

This redistribution aims to give larger effective increases to pensioners at the lower end of the payment scale.

Under the new arrangement, pensioners currently receiving the minimum monthly pension of GH¢300.00 will see their payments rise to GH¢409.56 in 2026, marking a 36.52 per cent increase—substantially above the general indexation rate.

Speaking at a press conference in Accra, SSNIT’s Chief Actuary, Evelyn Adjei, highlighted, “SSNIT has also raised the minimum monthly pension for new retirees from GH¢300.00 to GH¢400.00, reinforcing the pension floor across the scheme.”

She explained that in determining the 2026 indexation, factors such as salary growth among active contributors, projected inflation of 8 ± 2 per cent by the end of 2025, and the long-term sustainability of the fund were carefully considered.

While higher-income pensioners will see increases closer to the full 10 per cent, Ms Adjei noted that lower-income retirees are expected to benefit most from the flat redistribution and the strengthened minimum pension.