Thursday, June 1, 2023
www.myinfo.com.gh
  • Home
  • News
  • Business
  • Sports
  • Features
  • World
  • History
  • Entertainment
  • Lifestyle
  • JobsNew
  • Others
    • Facts
    • Odd News
    • Health
    • Religion
    • Profiles
    • Relationship
    • Science & Technology
    • Students & Scholarships
No Result
View All Result
www.myinfo.com.gh
  • Home
  • News
  • Business
  • Sports
  • Features
  • World
  • History
  • Entertainment
  • Lifestyle
  • JobsNew
  • Others
    • Facts
    • Odd News
    • Health
    • Religion
    • Profiles
    • Relationship
    • Science & Technology
    • Students & Scholarships
No Result
View All Result
www.myinfo.com.gh
No Result
View All Result

GhanaCard will save SSNIT $126 million – Dir. General

by Obed Makafui
10 August 2022
Share on FacebookShare on Twitter

Director-General of the Social Security and National Insurance Trust (SSNIT) Dr. John Ofori-Tenkorang has reiterated the essence of the GhanaCard to saving the state pensions body several millions of dollars in the long term, if it is properly synced to capture the bio data of all working Ghanaians and their survivors.

According to him, only 2 million of the estimated 10 million working Ghanaians in both the formal and informal sectors are active SSNIT contributors and have been issued with biometric identity cards, while efforts are being made to get the other 8 million on board.

RELATED POSTS

Over 17 million people captured so far on Ghana Card roll – NIA

UCC Lecturer reveals how he travelled to Ghana on his Ghanacard from Germany after misplacing his passport

Speaking with journalists on the sidelines of the 2022 TUC/SSNIT Regional Engagement programme in Kumasi in the Ashanti Region on Tuesday, Dr. Ofori-Tenkorang emphasized the importance of the GhanaCard, which has effectively replaced SSNIT’s own ‘SSNIT Card’, which were being printed at the cost of $7 per issue since the year 2014.

Dr. Ofori-Tenkorang said up to $126 million could be saved in the long term if all the 10 million working Ghanaians with at least one survivor each are registered and integrated into the SSNIT system using their national ID cards.

“We have been able to issue only 2 million SSNIT Cards to our contributors; this means that we will save some $56 million now that the GhanaCard is the sole biometric card to be used to register the remaining 8 million working Ghanaians onto the SSNIT system; that aside, about $70 million would be saved if each survivor of the 10 million potential contributors uses the GhanaCard. This would save SSNIT $126 million overall, in the long term,” the SSNIT boss explained.

“I think this is the point that the Vice President was trying to make, so it should not be taken out of context. If you think progressively about the benefits of the GhanaCard to SSNIT in the long term, you would appreciate that what the Vice President said was apt,” Dr. Ofori-Tenkorang added.

Since July 1, the GhanaCard has been the only identification recognized by SSNIT; this is in compliance with Regulation 7(1) of the National Identity Register Regulations, 2022, L.I 2111 which requires the use of the GhanaCard as identification for “transactions pertaining to individuals in respect of pensions” and “transactions that have social security implications”.

Members of the Trust have had to merge their SSNIT and NIA numbers to be able to access pensions and other social security related services; employers are now required to use only the NIA numbers of their workers to process Contribution Reports and make payments.

Voluntary contributors have also had to pay their contributions using their NIA numbers only.

3 news.com

ShareTweetShareSend
Previous Post

Negligence at 37 Military hospital ‘killed’ Waakye – Maame Dokono

Next Post

I’ll be sharing waakye if I came to ECG to please you – ECG MD to Somanya residents

Related Posts

Professor Kenneth Agyamang Attafuah

Over 17 million people captured so far on Ghana Card roll – NIA

1 June 2023

The National Identification Authority (NIA) has said it has the capacity to capture the remaining two million Ghanaians who are...

UCC Lecturer reveals how he travelled to Ghana on his Ghanacard from Germany after misplacing his passport

26 May 2023

A lecturer at the University of Cape Coast, Dr Emmanuel Acheampong, has revealed how the Ghanacard saved him from missing...

Social Security and National Insurance Trust (SSNIT)

Only 2% of active SSNIT contributors are self-employed – Director-General

12 May 2023

The Director General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang has revealed that a mere...

The new initiative by SSNIT is dubbed Self-Employed Enrolment Drive (SEED)

SSNIT rolls out pension for self-employed workers

12 May 2023

The Social Security and National Insurance Trust (SSNIT), has rolled out an initiative to provide pensions and related benefits to...

Next Post

I’ll be sharing waakye if I came to ECG to please you – ECG MD to Somanya residents

Sammi Awuku offers leadership for growth – JFK showers praises on NLA Boss

TRENDING

Top Chef Star Gail Simmons Shares a Go-to Dessert That Even the Pickiest Eaters Will Love

This Tarte Mascara Is Like a Push-Up Bra for Your Lashes: Don’t Miss a 2 for the Price of 1 Deal

Ali Wong Addresses “Weird” Interest in Her Private Life Amid Bill Hader Relationship

Kim Kardashian Teases Potential New Romance With “Fred” in Kardashians Teaser

Chrishell Stause, Chris Olsen and More Stars Share Their Advice for Those Struggling to Come Out

Sammy Gyamfi ‘takes’ Egyapa Mercer to law school

Who We Are

We are an online platform highlighting political, facts, business, sports entertainment, lifestyle news as well connecting people with jobs, classified, online radio, and scholarship information.

Contact Us

Email: myinfogh@gmail.com




  • Advertise with Us
  • About Us
  • Contact Us

© 2020 Myinfo.com.gh

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Features
  • World
  • History
  • Entertainment
  • Lifestyle
  • Jobs
  • Odd News
  • Students & Scholarships
  • Facts
  • Science & Technology
  • Health
  • Religion
  • Profiles
  • Relationship

© 2020 Myinfo.com.gh