[ad_1]
The administration of the National Democratic Congress (NCA), led by John Mahama, and the administration of the New Patriotic Party (NPP), led by President Akufo-Addo, are heavily indebted to the Social Security and National Insurance Trust (SSNIT).
Both administrations were cited for poor compliance with public sector pension contributions.
In 2016, for example, the Mahama administration significantly delayed its contributions to the Trust and was discharged in January 2017 because of its due.
The administration of Akufo-Addo also reportedly delayed contributions to the SSNIT in 2018 and currently owes the Trust approximately 915 million Ghc for 2018 only.
These were revealed when SSNIT officials hired the media on Saturday, April 13 in the eastern region.
In 2016 and 2018, SSNIT recorded a decline in revenues.
The administration of Akufo-Addo, for example, was supposed to contribute a total of 1.9 billion Ghc in 2018, but by the end of this year it had only paid 985 million Ghc.
The reasons
SSNIT Director General John Ofori Tenkorang attempted to attribute the Mahama administration's inability to pay its contributions in 2016 to the general election held that year.
Interestingly, there were no elections in 2018, but there were delayed contributions and a shortfall.
Again, the own report of the SSNIT shows that in 2012, which was also an election year, the government was able to make its full contribution.
It is interesting to note that, according to the SSNIT, the private sector has been shown to be very docile in paying contributions unlike the government.
Negotiation
Ofori Tenkorang said the SSNIT was in talks with the Ministry of Finance to settle its debts.
According to him, "we are working with the Ministry of Finance to find a solution and we agreed that this solution would involve some of the cash payments and bonds."
SSNIT's Deputy Director General for Investments, Kofi Osafo-Marfo, is calling for fixed state revenues for debt settlement.
– Daily guide
[ad_2]
Source link
