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The president, Nana Addo Dankwa Akufo-Addo, said that the government's over $ 3 billion in government arrears, which have been in arrears for more than six years, will be settled by the end of the year. 2020.
According to him, the Ministry of Finance has already made arrangements for the payment of 200 million GH ¢ and a bond of 700 million GH ¢ for the withdrawal of arrears due to the SSNIT this year.
"As I told you last year, more than 3 billion ¢ pension funds, funds overdue for six years and on which TUC has complained largely, have been Transferred in 2017 from the temporary pension fund account of the Bank of Ghana (TPFA) to the appropriate occupational pension scheme, "said the president Wednesday at the ceremony of May 1, 2019 in Accra.
"I am told that the Ministry of Finance has made arrangements for the payment of $ 200 million and a bond of $ 700 million for the withdrawal of arrears due to the SSNIT. This will leave $ 800 million in arrears that will be included in next year's budget, "he added.
Acknowledging that there were unresolved issues with SSNIT and the National Pension Regulatory Authority (NPRA), President Akufo-Addo stated that he had instructed the Minister of Finance to provide him with the information. Employment and Labor Relations to consult with both instances so that they define all outstanding issues over the next three years. month.
"Pension fund management and trustees have a great deal to do to create and maintain the confidence of workers, just as we should create trust between workers and new private companies, but it is equally important to create trust between the workers and the state-established SSNIT, "he said.
Deploring the poor living conditions of some retirees, President Akufo-Addo said he would ensure that a universal pension plan is put in place to ensure a robust economy and a prosperous society for all.
This year's theme was "Sustainable Pensions for All – The Role of the Social Partners".
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