Social Security and National Insurance Trust
 | This article needs to be updated. (July 2014) |
| Social Security and National Insurance Trust | |
 Official seal | |
| Agency overview | |
|---|---|
| Formed | 1965 |
| Jurisdiction | Republic of Ghana |
| Headquarters | Accra, Greater Accra Region, Ghana |
| Employees | 2,200 |
| Agency executives |
|
| Website | www |
The Social Security and National Insurance Trust, is an agency of the government of Ghana. Its "job description", according to its website, is to administrate the National Pension Scheme. In so doing, the trust owns major amounts of stock in Ghana's principal companies, and is an important part of Ghana's economy. The trust's top management has changed since 7 January 2017 so the information there is wrong.
Investments
Stock Portfolio
For example, the trust owns:
- 10% of Accra Brewery Company Limited; [1]
- 25% of Aluworks; [2]
- 30% of Ghana Commercial Bank; [3]
- 20% of HFC Bank; [4] and
- 20% of SG-SSB (SG Social Security Bank).[5]
- 10% of Africa World Airlines; [1]
- 40% of West Hills Mall.[2]
End of lump sum payment
From the 1st of January 2020 all workers who attain the age of 60 years would not receive the lump sum payment anymore as was stated in PNDC Law 247. The lump sum payments had been transferred to the second tier fund managers.[3]
References
- ^ https://www.ghanaweb.com/GhanaHomePage/business/SSNIT-injects-3-4-million-dollars-into-Africa-World-Airlines-251124
- ^ "SSNIT owns 40% in West Hills Mall". Graphic Business. Retrieved 9 January 2015.
- ^ 122108447901948 (2019-10-25). "SSNIT lump sum ends 2019". Graphic Online. Retrieved 2019-10-25.
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External links
Sources
- Social Security and National Insurance Trust website
- Index of Ghana company PDFs from Gold Coast Securities
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