Josiah
The Social Security and National Insurance Trust (SSNIT) increased the minimum monthly pension from GH¢300 to GH¢396.58 in 2025, representing a 32.2% increase in the lowest benefit paid under the scheme.
The adjustment followed an average 12% increase in pension benefits implemented in January 2025.
Figures contained in the National Pensions Regulatory Authority (NPRA) 2025 Annual Report also show that the average monthly pension rose from GH¢1,776.81 to GH¢1,990.03 during the year.
SSNIT paid a total of GH¢7.6 billion in pension benefits in 2025, while contributions to the scheme amounted to GH¢9.7 billion.
The scheme ended the year with 2.14 million active contributors and 261,928 pensioners.
SSNIT’s total assets also increased to GH¢30.6 billion, with the Trust recording a nominal investment return of 23.8%.
The growth in SSNIT’s assets formed part of a broader expansion in Ghana’s pensions industry.
According to the NPRA report, total pension assets under management increased by 28.9%, rising from GH¢86.09 billion in 2024 to GH¢111.1 billion in 2025.
The regulator attributed the growth to continued pension contributions and investment returns, although it noted that the pace of expansion was slower than in the previous year.
The NPRA explained that lower inflation and interest rates contributed to positive real returns for pension funds but also reduced investment income from fixed-income assets.
Despite the prevailing economic conditions, the regulator said the pensions industry remained financially sound and resilient, with sufficient liquidity to protect contributors’ retirement savings.
The Authority said growth in assets under management, positive investment performance, improved diversification and sound liquidity indicators supported the sector’s performance throughout 2025.
The NPRA, however, said it would continue to strengthen supervision and risk management across the pensions sector to safeguard pension assets and maintain public confidence.
Its priorities will include improving the quality of pension data, promoting prudent diversification of investments and monitoring emerging risks.
The regulator said it would also use its Risk-Based Supervisory System (RBSS) to support more proactive and evidence-based supervision of the industry.
Source: Omanghana
