SSNIT Board Inauguration: Finance Minister Warns Against Politically-Motivated Asset Sales
Finance Minister Dr. Cassiel Ato Forson has inaugurated a new Board of Trustees for the Social Security and National Insurance Trust (SSNIT), urging the members to uphold prudence, integrity, and transparency in the management of the country’s pension funds.
Speaking at the swearing-in ceremony held in Accra, Dr. Forson underscored the critical role of SSNIT in securing the financial future of Ghanaian workers and retirees, describing it as “an institution we will all need one day—when we retire.”
The Minister reminded the Board of the enormous responsibility placed on their shoulders, stressing that their decisions will directly affect the lives of millions of contributors.
“The people of Ghana have entrusted their future into your hands. Your actions must reflect the weight of that responsibility,” Dr. Forson said.
He expressed concern over some previous investment decisions made by the Trust, noting that the new Board must adopt a more strategic and accountable approach. In a direct warning, Dr. Forson cautioned against the politically influenced disposal of SSNIT assets.
“Please don’t sell state assets to politicians. The President will not accept it, and as your sector Minister, I will be the first to oppose it,” he warned.
Assuring the Board of government’s commitment to supporting the Fund, Dr. Forson noted that all outstanding payments owed to SSNIT by the government had been cleared. He pledged continued collaboration between the Finance Ministry and the Trust to ensure its financial sustainability.
Chairperson of the newly inaugurated Board, Nana Ansah Sasraku III, acknowledged the significance of their mandate and assured stakeholders of their commitment to responsible stewardship.
“We are prepared, united, and committed to ensure that the trust resources are managed with integrity and foresight,” he stated.
Members of the SSNIT Board of Trustees are:
Nana Ansah Sasraku III – Chairperson
Hon. Thomas Nyarko Ampem, MP – Member
Mr. Kwesi Afreh Biney – Member
Ms. Ama Serwaa Bonsu – Member
Mr. Michael Bozumbil – Member
Dr. Emmanuel Adu-Sarkodee – Member
Mr. Abdul-Moomin Gbana – Member
Ms. Salamatu Braimah Mahama – Member
Mr. Thomas Tanko Musah – Member
Mr. Benjamin Arkaah Otoo – Member
Dr. Frank A. Odoom – Member
Ms. Gifty Adishetu Mahama Biyira – Member
The new Board takes office at a time when public scrutiny of SSNIT’s investments and asset management practices has intensified, making its role crucial to restoring public trust and ensuring long-term pension security.
