Bussiness
Improving Pension Education: SSNIT launches Supplementary Readers Manual for basic schools
The Social Security and National Insurance Trust (SSNIT) has collaborated with the Ghana Education Service (GES) to launch the supplementary readers manual on social security for Junior and Senior High Schools (JHS/SHS).
The Supplementary Readers and Teachers’ Manual on Social Security for students and teachers is meant to deepen students’ awareness of social security issues.
The National Council for Curriculum and Assessment (NaCCA) was a major partner in the development of the manual.
Producing the manual involved breaking down the Pensions Act 2014, as amended to Act 883 into simple concepts for easy understanding.
The launch which was under the theme “Empowering the Youth with Knowledge in Social Security – Preparing For The Future,” was held at the Kumasi Anglican Senior High School in Kumasi.
Director-General of SSNIT, Dr John Ofori-Tenkorang, observed that in spite of the benefits the SSNIT Scheme provides, membership is relatively low which he attributed to a general lack of understanding about social security, the laws governing it and the value it provides.
He therefore said the manual would enable students to insist on their right to social security as potential workers or discharge well their responsibilities as future employers.
Dr Ofori-Tenkorang is hopeful that the initiative would equip the young ones with the requisite knowledge and information needed to achieve SSNIT’s goal of achieving social protection for all workers in Ghana.
Deputy Minister for Education, Rev. Dr John Ntim Fordjour, said the project was to raise the young learners as ambassadors who appreciated the essence of SSNIT contribution for a secured and comfortable future.
The Deputy Minister revealed that out of 11 million working population in Ghana, only 1.7 million were contributing to SSNIT, adding that the 227,000 beneficiaries currently on the monthly payroll of SSNIT could have been more if more workers had contributed to SSNIT during their active work period.
“As financial literacy is a key element in our standard-based and common core curricula, we hope to raise nearly 10 million learners in pre-tertiary schools with knowledge and values that are aligned to the key priorities of national development,” he added.
He acknowledged that introducing social security as part of the new Common Core Curriculum for schools is very significant for today’s education and the future of the scheme.
Rev Dr Ntim Fordjour also appealed to SSNIT to create similar supplementary readers for the early grades.
Meanwhile, Ashanti Regional Director for GES, Mary Owusu Afriyie, believes the initiative would equip the young ones with the knowledge on social security to adequately prepare them for retirement.
She encouraged all students and teachers to take full advantage of the initiative to upgrade themselves for a better future.
Source: www.myjoyonline.com
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
The Minister for Finance Hon. Cassiel Ato Forson has disclosed that a sum of nine hundred and Eighty-Seven Million, Nine Hundred and Sixty-Five thousand and Seventy-Three Ghana Cedis (GHS987,965,073.00) from the Consolidated Fund into the District Assembly Common Fund Account, being the first quarter amount due to the DACF.
Furthermore, the Finance Minister informed the House that a total amount of Two Billion, Thirty- Three Million, Four Hundred and Sixty-Nine Thousand, Six Hundred and Seven Ghana Cedis (GHS2,033,469,607) has been disbursed to the National Health Insurance Fund.
While the Ghana Education Trust Fund has also received a total of Two Billion, Seven and Ten Million, Two Hundred and Twenty-Seven Ghana Cedis (GHS2,710,227,947.00) for the months January, February, March and April,2025.
The Finance Minister disclosed this in his statement to Parliament on the payments to statutory funds on the floor of the House.
In addition, he cautioned that the Administrator of the District Assembly Common Fund is required to ensure that 80% of this amount is transferred directly to the Assemblies without fail and expenditure returns submitted to the Ministry of Finance before subsequent releases will be made.
He added that Members are encouraged to monitor the utilization of these amounts sent to their respective Assemblies in line with the approved guidelines by Cabinet.
In his closing remark, Ato Forson said he’s going to take the concerns of the House seriously.
For his part, the Majority Leader, Mahama Ayariga made known the President’s prioritization of women in the country stating that President Mahama is “Pro-women”.
This is due to the fact that women are going to be the core beneficiaries from the expenditures going to be made by the MMDA’s, he added.
The Minority Leader Alexander Afenyo-Markin questioned the Finance Minister why road contractors have not been paid for more than five months. He said the Minister must not be applauded for since the allocation of these funds were long overdue.
