The Deputy Minister for Finance, Mr Thomas Nyarko Ampem, has announced a major breakthrough in the long-standing financial impasse between the Social Security and National Insurance Trust (SSNIT) and the National Pensions Regulatory Authority (NPRA).

Speaking through his Facebook page, the Deputy Minister confirmed that after years of delayed or deferred payments, SSNIT has now begun fulfilling its full financial obligations to the NPRA.

He disclosed that the resolution followed intensive negotiations between the two institutions, resulting in SSNIT’s adoption of a quarterly payment schedule to ensure regular and predictable transfers to the pensions regulator.

“I am happy to report that this situation has been successfully resolved.

SSNIT has already made two complete quarterly payments this year, demonstrating its renewed commitment to compliance and to the stability of Ghana’s pensions regulatory framework.”

The development marks a significant step toward strengthening Ghana’s pensions administration system, ensuring that both the Trust and the Regulatory Authority operate within a framework of transparency, accountability, and financial discipline.

The Deputy Minister commended both SSNIT and NPRA for their cooperation, emphasising that the government remains committed to fostering institutional harmony within the pensions sector to safeguard the retirement benefits of workers across the country.

He added that the Ministry would continue to monitor compliance to sustain the progress achieved and ensure long-term financial sustainability within the nation’s pensions ecosystem.