SSNIT targets 2.8m active members by 2028

The Social Security and National Insurance Trust (SSNIT) is setting an ambitious target of 2.8 million active members by 2028. This initiative aims to adapt to the evolving landscape of work and bolster retirement security for a broader range of Ghanaian workers, encompassing both formal and informal sectors.

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the success of SSNIT depended on the confidence and contributions of workers, employers, the government and other stakeholders.

Nana Ansah Sasraku III, Chairman of the SSNIT Board of Trustees, revealed this goal during a stakeholder engagement in Accra. He emphasized that organized labor is a crucial partner in Ghana's pension system, underscoring that SSNIT's success hinges on the collective confidence and contributions of workers, employers, and the government.

Sasraku highlighted the changing employment patterns in Ghana, noting the rise of roles like software developers, ride-hailing drivers, and online traders. Many of these workers currently fall outside the formal pension system, making scheme reforms essential for greater inclusivity. Data shows over 80 percent of Ghana's workforce operates in the informal sector.

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Many of those workers, he stressed, were outside the formal pension system, making it necessary to reform the scheme to make it more inclusive.

SSNIT's current active membership stands at over 2.1 million as of July 2026, a significant increase from around 820,000 in 1991. The Trust plans to achieve its 2028 target by increasing membership by roughly 300,000 each year. Total contributions exceeded GH¢12 billion by the end of 2025, with GH¢6.7 billion collected in the first half of 2026.

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trust, transparency, accountability and good service were vital to the sustainability of the pension system.