PENSION CASH RETRIEVED BY SSNIT (2017 - 2018)

SSNIT recoups GH¢378m from defaulting employers

The Social Security and National Insurance Trust (SSNIT) has recovered more than GH¢378 million in less than three years from prosecutions made on employers and organisations after a forensic audit of their books revealed they have defaulted in paying monthly contributions of their workers for some years now.
A breakdown of data shows that, in 2017, SSNIT recovered GH¢111.1 million from 17,320 cases initiated against employers and organisations; recovered GH¢158.7 million in 2018 from 19,914 cases initiated; and again has retrieved GH¢108.2 within the first half of this year against a target of GH¢191.4 million, meaning more than 56 percent of the 2019 target has been achieved.


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