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The Social Security and National Insurance Trust (SSNIT) has approved a 10 per cent increase in pension payments for 2026.
The upward adjustment, approved in consultation with the National Pensions Regulatory Authority (NPRA), will see all pensioners receive a 6 per cent fixed increase, plus a redistributed portion from the remaining 4 per cent.
The redistribution is designed to provide higher effective increases for pensioners at the lower end of the pension scale.
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As part of the adjustment, pensioners currently receiving the minimum monthly pension of GH¢300.00 will see their payments rise to GH¢409.56 in 2026. This represents a 36.52 per cent increase, significantly higher than the overall indexation rate.
Addressing a press conference in Accra, the Chief Actuary at SSNIT, Evelyn Adjei, noted, “SSNIT has also increased the minimum monthly pension for new pensioners from GH¢300.00 to GH¢400.00, strengthening the pension floor across the scheme.”
She added that factors considered in setting the 2026 indexation rate included salary growth among active contributors, projected inflation of 8 ± 2 per cent by the end of 2025, and the long-term sustainability of the pension fund.
While higher-income pensioners will receive increases closer to the 10 per cent rate, the Chief Actuary noted that lower-income pensioners are expected to benefit the most due to the flat redistribution amount and the strengthened minimum pension.
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