The Executive Director of the Africa Centre for Retirement Research (ACRR), Abdallah Mashud, has raised concerns over Ghana’s stagnant minimum pension, which has remained at GH¢300 for the past seven years.
He described the situation as deeply worrying, noting that this is the amount many pensioners still receive each month.
Mr. Mashud, who also serves as the Lead Researcher at ACRR, emphasised that pensioners continue to receive as little as GH¢300 — a figure that has not changed since 2019.
He disclosed that findings from a survey of 1,700 pensioners across all 16 regions of Ghana revealed troubling insights.
According to the data, seven out of ten retirees believe that the benefits provided under the current social security programme are inadequate, while four out of five respondents strongly agree that the pension indexation policy must be reformed to reflect inflation and ensure fairer financial protection for low-income retirees.
Mr. Mashud further revealed that three out of every five Ghanaian pensioners live in poverty, struggling to maintain a decent standard of living based on the global poverty threshold of $2 per day.
He expressed optimism that by January 2026, a new and more equitable minimum pension would be announced to better support pensioners and enhance their quality of life.
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