The Director General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang, has indicated that the Trust has never defaulted in their obligation regardless of the current economic challenges.
This is on the back of calls for SSNIT to review some of its investments in some sectors of the economy.
Admitting that some investments have gone, Dr. Ofori-Tenkorang assured that the large pool of pension funds are safe.
Speaking to George Wiafe on the PM Express, Business Edition, he explained that the SSNIT will continue to embark on reforms to ensure sustainability of the scheme.
“You have to make sure the economy is growing and try to bring in more workers into the scheme and that’s what we are doing. We have a young population that needs to be put to work and that can aid in the growth of the scheme,” he said.
“Concerns of the investments are over grown. We have not defaulted in our obligations no matter how bad the economy may look like. Some of the investments, I must say have gone bad but that doesn’t mean you should say you won’t contribute”, he added.
He furthered that, the move to bring in more informal sector players into the scheme has been positive due to its stakeholder consultation.
“Our mandate is to make sure all workers are covered. We have to face it head-on to make sure everyone is comfortable with the team, getting more workers on the scheme is good. In the past we didn’t tackle certain areas but we are now doing that”, he said.
