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Finance Minister inaugurates SSNIT Board; questions some past investments decisions

Wed, Jun 4 2025 9:42 AM
in Business, Ghana General News
finance minister inaugurates ssnit board questions some past investments decisions
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The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new Board of Trustees for the Social Security and National Insurance Trust (SSNIT), with a strong call for prudence, integrity, and transparency in the management of Ghana’s pension funds.

Addressing the newly sworn-in members at a ceremony in Accra, Dr. Forson emphasised the vital national importance of SSNIT, reminding the board that it is an institution “we will all need one day—when we retire.”

He stressed that the people of Ghana have entrusted their future into the board’s hands, and therefore, their actions must reflect the weight of that responsibility.

Dr. Forson also questioned some of SSNIT’s past investment decisions and charged the new board to chart a new course.

He warned against any attempts to sell state assets to politically connected individuals, stating unequivocally, “Please don’t sell state assets to politicians. The President will not accept it, and as your sector Minister, I will be the first to oppose it.”

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The Finance Minister assured the Board that the government is up to date on all payments due to SSNIT and pledged continued support from the Ministry to ensure the Fund remains solvent and effective.

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Chairman of the newly constituted Board, Nana Ansah Sasraku III, acknowledged the magnitude of the task ahead but expressed the Board’s readiness to deliver. “We are prepared, united, and committed to ensure that the trust resources are managed with integrity and foresight,” he said.

Members of the SSNIT Board of Trustees:

                1.           Nana Ansah Sasraku III – Chairperson

                2.           Thomas Nyarko Ampem, MP – Member

                3.           Kwesi Afreh Biney – Member

                4.           Ama Serwaa Bonsu – Member

                5.           Michael Bozumbil – Member

                6.           Dr. Emmanuel Adu-Sarkodee – Member

                7.           Abdul-Moomin Gbana – Member

                8.           Salamatu Braimah Mahama – Member

                9.           Thomas Tanko Musah – Member

                10.        Benjamin Arkaah Otoo – Member

                11.        Dr. Frank A. Odoom – Member

                12.        Gifty Adishetu Mahama Biyira – Member

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

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