Finance minister inaugurates SSNIT board, warns against politically-motivated asset sales

Minister of Finance, Dr Cassiel Ato Forson in a pose with members of the SSNIT board

The Minister of Finance, Dr Cassiel Ato Forson, has inaugurated a new Board of Trustees for the Social Security and National Insurance Trust (SSNIT), with a strong call for prudence, integrity, and transparency in the management of Ghana’s pension funds.

Addressing the newly sworn-in members at a ceremony in Accra, Dr Forson emphasized the vital national importance of SSNIT, reminding the board that it is an institution “we will all need one day when we retire.”

He stressed that the people of Ghana have entrusted their future into the board’s hands, and therefore, their actions must reflect the weight of that responsibility.

Dr Forson also questioned some of SSNIT’s past investment decisions and charged the new board to chart a new course.

He warned against any attempts to sell state assets to politically connected individuals, stating unequivocally, “Please don’t sell state assets to politicians. The President will not accept it, and as your sector minister, I will be the first to oppose it.”

The finance minister assured the Board that the government is up to date on all payments due to SSNIT and pledged continued support from the Ministry to ensure the Fund remains solvent and effective.

Chairman of the newly constituted Board, Nana Ansah Sasraku III, acknowledged the magnitude of the task ahead but expressed the Board’s readiness to deliver.

“We are prepared, united, and committed to ensure that the trust resources are managed with integrity and foresight,” he said.

Members of the SSNIT Board of Trustees:

1. Nana Ansah Sasraku III – Chairperson
2. Thomas Nyarko Ampem, MP – Member
3. Kwesi Afreh Biney – Member
4. Ama Serwaa Bonsu – Member
5. Michael Bozumbil – Member
6. Dr Emmanuel Adu-Sarkodee – Member
7. Abdul-Moomin Gbana – Member
8. Salamatu Braimah Mahama – Member
9. Thomas Tanko Musah – Member
10. Benjamin Arkaah Otoo – Member
11. Frank A. Odoom – Member
12. Gifty Adishetu Mahama Biyira – Member

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