GEA CEO Emphasizes Importance of Collaboration with SSNIT

GEA CEO Emphasizes Importance of Collaboration with SSNIT

The Chief Executive Officer of the Ghana Employers’ Association (GEA), Alex Frimpong, has emphasized the importance of collaboration between employers, employees, and the Social Security and National Insurance Trust (SSNIT) to ensure the sustainability of the trust. Speaking at a forum, Frimpong noted that employers play a critical role in the affairs of the trust, and it is essential to build a strong relationship between all stakeholders.

The relationship between employers, employees, and SSNIT is crucial to the success of the trust. Employers have a legal obligation to deduct employee contributions and add their share to remit to SSNIT. However, non-remittance of contributions can affect the trust’s ability to pay benefits to pensioners. Additionally, pensioners often face challenges when transitioning from monthly pay to pension pay.

Public education and sensitization are necessary to deepen the understanding of how SSNIT works and to address misconceptions. Many people do not understand how the trust works, and this lack of understanding can lead to negative perceptions.

Frimpong urged all stakeholders to work together to ensure the trust remains solid and able to protect contributors in their old age. He emphasized the need for transparency and accountability in the management of the trust. By working together, employers, employees, and SSNIT can build a strong and sustainable trust that benefits all stakeholders.

The key points of Frimpong’s message include:

1.Employers’ critical role in the affairs of the trust

2.Importance of building a strong relationship between all stakeholders

3.Need for public education and sensitization

4.Challenges facing pensioners and the trust

The call to action is clear: all stakeholders must work together to ensure the sustainability of the trust and protect the interests of contributors.

Story by Fada Amakye from Daily Sun online