The Director-General of the Social Security and National Insurance Trust (SSNIT), Kwesi Afreh Biney, has announced a 10% increase in monthly pensions, effective in 2026.
Speaking at a ceremony in Accra on January 8, he explained that SSNIT based the 2026 indexation rate on several factors, including the long-term sustainability of the Fund, the projected average inflation of 8% ± 2% by the end of 2025, and salary increases among active contributors.
“The current indexation exceeds the recent inflation rate and it is to ensure that inflation does not erode pensioners’ benefits. SSNIT will extend benefits to 2,964 more pensioners by increasing the minimum monthly pension by 36%, from GH¢300 to GH¢400.”
SSNIT approved the new indexation in compliance with Section 80 of the National Pensions Act, 2008 (Act 766), after consulting the National Pensions Regulatory Authority (NPRA).
