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Only 14,314 self-employed contribute to SSNIT - Ofori-Tenkorang

Only 14,314 self-employed workers contribute to the Social Security and National Insurance Trust (SSNIT), representing some 0.8 per cent of the 1.7 million contributors on the scheme. In all, there are about 11.5 million people in the informal sector in the country. And as part of measures to reverse this trend, the national pension fund has started engaging stakeholders on ways to expand pension coverage to the self-employed and informal sector workers. The engagement started in Accra yesterday with some selected state institutions, civil society organisations (CSOs), members of the Parliamentary Select Committee on Employment and Social Welfare and some state enterprises. It was on the theme: “Expanding pension coverage to the self-employed and informal sector workers.” The fund will also engage trade unions, creative arts industry players, selected media persons and other segments of the population. Significance The Director-General of SSNIT, Dr. John Ofori-Tenkorang, said it had be...