• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

SSNIT targets 614% rise in self-employed contributors by year-end

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
147
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

SSNIT targets 614% rise in self-employed contributors by year-end

The Social Security and National Insurance Trust (SSNIT) has reported a substantial increase of nearly 300% in the number of self-employed individuals actively participating in the basic social security scheme. This remarkable surge comes in the wake of the Self-Employed Enrolment Drive (SEED) program, which was launched less than a year ago.

Previously, SSNIT counted a mere 14,000 self-employed contributors in its scheme, but this figure has now surged to 57,000 (300% increase), marking a significant transformation within a relatively short span. Dr. John Ofori-Tenkorang, the Director-General of SSNIT, revealed these numbers at a SSNIT-Trades Union Congress (TUC) event in Accra.

The SEED initiative represents SSNIT’s commitment to extending pension coverage to all workers, including the self-employed. Dr. Ofori-Tenkorang expressed optimism, stating, “I am hoping that maybe by the end of the year, we will double this figure and reach another 100,000 contributors (614% increase). If we maintain this growth trajectory, in just two or three years, we could well surpass the one million mark.”

One of the core objectives of SEED is to ensure that self-employed individuals have access to the same pension products as their counterparts in traditional office settings. The program aims to bridge the pension gap and integrate the vast informal sector workforce into the social security system.

Before SEED, only about 1.9 million out of an estimated 10 million workers in Ghana were covered by the SSNIT scheme, with a mere 32,000 self-employed contributors, representing a mere two percent of the total. Recognizing the unique challenges faced by self-employed individuals, Dr. Ofori-Tenkorang explained that SSNIT has streamlined the enrollment process, requiring only a Ghana Card and offering contributions via mobile money, making it more accessible for the self-employed.

With approximately 6.7 million self-employed individuals in Ghana, of which around 3.1 million fall within the 15 to 45 age range, the growth potential for SEED is substantial. Dr. Ofori-Tenkorang expressed confidence in the program’s trajectory, highlighting the need to ensure that self-employed individuals enjoy the same pension benefits as office workers.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Furthermore, Dr. Ofori-Tenkorang emphasized the cost-effectiveness of utilizing the Ghana Card and an electronic remittance system, which has significantly improved efficiency in the contribution process.

SSNIT’s efforts extend beyond SEED, with a nationwide campaign involving regular engagement with self-employed associations and workplaces. The campaign aims to educate and enroll eligible individuals into the pension scheme, using initiatives such as ‘You Are Wanted’ activities, weekly workplace visits, and multimedia advertising.

The success of SSNIT’s SEED program demonstrates a substantial step toward enhancing pension coverage in Ghana and expanding inclusivity within the social security system.

Tags: Self-Employed Enrolment Drive (SEED)SSNITSSNIT targets 614% rise in self-employed contributors by year-end
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.