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Three-tier pension to increase retirement income security for workers – NPRA

The three-tier pension system will enhance pension benefits and increase retirement income security for workers both in the formal and informal sectors of the economy and improve on the nation’s economic future. Mr Hayford Attah Krufi, Chief Executive Officer, National Pensions Regulatory Authority (NPRA), said the three-tier pension system, which …

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SSNIT OBS Contract case adjourned to January 22

The state is having difficulty in producing witnesses to testify in the case of former Social Security and National Insurance Trust (SSNIT) boss, Ernest Thompson and four others who have been charged for causing financial loss to the state. According to Mr Richard Gyambiby, a Senior State Attorney the state …

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DVLA, NIC database to be integrated to eliminate uninsured vehicles

The National Insurance Commission (NIC) and the Driver Vehicle and Licensing Authority (DVLA) will integrate their motor insurance database next year, to eliminate commercial vehicles without insurance cover on the road. The integration would enable passengers to use their mobile phones to check whether commercial vehicles they are about to …

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Challenges with NHIS hindering quality malaria care, other basic health services

Deprived communities and vulnerable groups are contending with various challenges related to the National Health Insurance Scheme (NHIS) as they try to get access to basic health care, a situation that is undermining the country’s efforts to scale-up effective malaria case management and also accelerate Ghana’s march towards universal health …

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Health sector pensioners assured of lump sum payments come January 2020

The Board of Trustees (BoT) of the Health Sector Occupational Pension Scheme (HSOPS) has assured its contributors that they are reasonably ready to take over payments of lump sum come January 2020. Dr Derek Amoateng, the Chairman of the Board of Trustees of the Health Sector Occupational Pension Scheme, gave …

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Re-look at the subsidy base of NHIS – Abban

Mr Alexander K. Abban, the Deputy Minister of Health, says Ghana has to adopt a health financing strategy that would propel the level of progress towards achieving Universal Health Coverage (UHC) by year 2030. He said to achieve a breakthrough, there was the need to have a re-look at the …

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Insurance companies called to market annuities for pensioners

Insurance companies have been tasked to consider marketing annuities for pensioners instead of allowing them carry their lump sums home. Mr Kofi Andoh, Deputy Commissioner of the National Insurance Commission (NIC), said although annuities are not part of the country’s insurance products, it would be good for industry players to …

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State to produce IT Expert in SSNIT OBS Contract case

The State is to provide an Accra High Court with an Information Technology (IT) expert from the SSNIT to inform it as to when logs or files relating to the Operational Suit (OBS) Contract could be made available. This has been necessitated because Mr Rahman Mujeeb Ahmed, Counsel for John …

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Supreme Court throw’s out former SSNIT CEO’s application for special leave

The Supreme Court has dismissed an application for leave brought by Ernest Thompson, former Boss of the Social Security and National Insurance Trust (SSNIT), on the grounds that his circumstance for the application had not been met. Thompson had gone to the Supreme Court with a motion on notice for …

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Ensure transparency in Pension Trustee Administration – CEO

William Asiedu Yeboah, the Chief Executive Officer of Negotiated Benefits Trust Company Limited (NBC Ghana Trust), has called for transparency in corporate and individual trustee administration. Commenting on the impact of the banking reforms on pension funds, the NBC Ghana Trust CEO stressed that the board of trustees for each …

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