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General News on Thursday, April 11, 2019
Source: dailyguidenetwork.com
2019-04-11
Dr. John Ofori-Tenkorang
The Social Security and Social Security Fund (SSNIT) has indicated that it has exceeded its revenue target for 2018.
According to the Trust, it raised 1.82 billion GHC in 2018, against a target of 1.81 billion GHC.
Laurette Korkor Otchere, SSNIT Assistant General Manager, Operations and Benefits, made this revelation during an interview with DAILY GUIDE last week.
She said the number of active contributors had increased to 1,533,942 in December 20187, noting that the increase had raised the contributor-pension ratio to 8: 1.
The Deputy Executive Director further stated that "the contributions had also increased significantly", adding that GH ¢ 1.82 billion had been collected, compared to GH ¢ 1.81, representing a performance of 100.1%.
Expansion
It also revealed that "in December 2018, 12,973 new establishments were registered, exceeding the target of 11,190".
She emphasized that the SSNIT would extend to the informal sector of the country's economy to extend social security coverage to a greater number of Ghanaians "so that they are not left" without resources "when they end up. to retire. "
Measures
The gains were made possible by the introduction of several initiatives under the new leadership of the SSNIT, she said.
According to her, the initiatives included the establishment of a results – oriented performance monitoring aimed at changing the staff 's attitude towards the achievement of objectives, an operation of the company. mbad inspection and registration, enhanced and consistent supervision of branch activities, dynamic collection implementation, rewards system for the best performers. operational activities and ongoing professional development of staff.
Compliance rate
The Deputy Executive Director reported that "the new initiatives have resulted in a corresponding increase in the compliance rate of employers and employees in private institutions".
She added that "the rate of compliance of registered private workers was 81.7%; the highest since the implementation of Law 766 in 2010. "
According to her, "the compliance rate of the institutions was 68.1%, which is also the highest since 2010."
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