The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payments by 25 percent.
The review will see all 234,000 pensioners on the SSNIT pension payroll have their monthly pensions increased by a fixed rate of 19 per cent, plus a redistributed flat amount of GH¢73.58.
By this increment, the minimum paid pensioner will receive GH¢430.58 while the highest paid pensioner receives GH¢169,725.89.
The Director-General of SSNIT, Dr John Ofori-Tenkorang, also mentioned that the projected expenditure on pensions for 2023 will be GHȼ4.3 billion, GHȼ850 million more than last year.
He said, “the Trust remains committed to paying all legitimate benefits accurately and timeously.”
