Source: Africa Publicity
Ghana’s Social Security and National Insurance Trust (SSNIT) has approved a 10% increment in pension payments for this year.
The increase in the pension payments for 2026 was done in consultation with Ghana’s National Pensions Regulatory Authority (NPRA).
It will result in all pensioners receiving a 6% fixed increase in addition to a redistributed portion of the rest of the 4%.
According to SSNIT, the redistribution seeks to provide higher effective increases for pensioners at the lower end of the pension scale.
It says pensioners across Ghana who currently receive the minimum monthly pension of Ghc 300 will see their payments rise to Ghc 409.56 in 2026, representing a 36.52% rise.
The Chief Actuary at SSNIT, Evelyn Adjei, told journalists at a press conference in Accra that “SSNIT has also increased the minimum monthly pension for new pensioners from Ghc 300 to Ghc 400, strengthening the pension floor across the scheme.”
According to her, factors considered in setting the 2026 indexation rate included salary growth among active contributors, projected inflation of 8 ± 2% by the end of 2025, and the long-term sustainability of the pension fund.
She explained that lower-income pensioners are expected to benefit the most due to the flat redistribution amount and the strengthened minimum pension.
