Social Security and National Insurance Trust
agency of the government of Ghanawww.ssnit.org.gh
7
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7
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Search complete. 7 mentions across 7 episodes found for "Social Security and National Insurance Trust".
Oct 15, 2026
speaker_11CORRESPONDENT
In cumulative terms, retail sales for the first seven months of 2026 went up by 2.2% compared to the same period of last year.
speaker_11CORRESPONDENT
Also, activities in the manufacturing sub-sector gauged by trends in the collection of direct taxes and private sector contributions to the Social Security and National Insurance Trust pension scheme improved in July 2026.
Winston TackieCORRESPONDENT
That was Newsday's report.
Winston TackieCORRESPONDENT
Moving on, the Ghana Employers Association has outlined five key policy priorities it wants government to address in the 2027 budget to sustain macroeconomic stability and create a more predictable business environment.
Ruth Esenam FiyagbeduHOST
Proceeding to our next news item, La Pleasure Beach redevelopment put on hold.
Ruth Esenam FiyagbeduHOST
The La Traditional Council has announced the suspension of plans by the Social Security and National Insurance Trust to redevelop the demolished La Pleasure Beach resort.
Ruth Esenam FiyagbeduHOST
The decision follows a high-level meeting involving SSNIT, the management of Labadi Beach Hotel, the Minister for Local Government, the Greater Accra Regional Minister, and other stakeholders.
Ruth Esenam FiyagbeduHOST
The Traditional Council remains dissatisfied with the manner in which the demolition was carried out, particularly the lack of prior consultation.
Ruth Esenam FiyagbeduHOST
"What we said at the meeting was that firstly, we were very aggrieved and unhappy about the approach because we were not engaged and involved," he said.
Naa Dedei TetteyHOST
So the story here says, "The committee will be constituted early next week to determine appropriate compensation for persons whose businesses and property were affected by the recent demolition of the La Pleasure Beach.
Naa Dedei TetteyHOST
The committee will be made up of representatives of the Social Security and National Insurance Trust, the La Dadektepo Municipal Assembly, traditional authorities, among others." So the deputy local government minister, um, made this known when she appeared before a committee in Parliament.
Naa Dedei TetteyHOST
Uh, you, you recall her outburst when the demolition happened.
Naa Dedei TetteyHOST
She said she was unaware of this particular exercise.
speaker_4PANELIST
I am from Isra.
Jason SemHOST
So, it reads that the Social Security and National Insurance Trust, SNIT, sought the urgent intervention of the National Security Council Secretariat to address persistent unlawful occupation, encroachment, and unauthorized activities on the beachfront adjoining the undoubtedly in front of the Labadi Beach Hotel and La Palme Royal Beach Hotel.
Jason SemHOST
The two hotel properties form part of the investment portfolio of SNET and constitute significant national hospitality and tourism assets.
Jason SemHOST
SNET, therefore, has a fiduciary responsibility to safeguard these investments, preserve their value, and ensure that they continue to generate sustainable returns for the benefit of contributors and pensioners under the basic national social security scheme.
Kenneth JesseHOST
But it appears that wouldn't be the case with Societe Generale Bank Ghana.
Kenneth JesseHOST
Again, the Social Security and National Insurance Trust has increased its holding in the bank locally by more than 24%, and that will be critical in terms of being a player when it comes to decision-making, and that will ensure that Ghana's interest is protected in all these circumstances when it comes to taking some critical decisions going forward.
Kenneth JesseHOST
For some analysts, looking at the financial muscle of the Moroccan bank, it will be interesting to look forward to see what they'll bring into the market in terms of competition, especially when it comes to some big-ticket transactions going forward.
James EshunCORRESPONDENT
And that was the Business Desk report.
Deborah AdorsuHOST
Social General Group currently holds 60.22% controlling stake in Social General Ghana.
Deborah AdorsuHOST
Under the agreement announced on October 1, The bank will acquire 55.22% while the Social Security and National Insurance Trust will acquire an additional 5%.
Deborah AdorsuHOST
Once completed, the bank will become the new majority shareholder and take over activities, client portfolios and employees of Societe Generale Ghana.
Deborah AdorsuHOST
There are also indications that assurances have been secured to allow senior management positions remain under Ghanaian leadership.
speaker_0HOST
In Ghana, Morocco's Attijariwafa Bank reached an agreement to acquire a fifty-five point two two percent stake in Société Générale Ghana.
speaker_0HOST
Ghana’s Social Security and National Insurance Trust is also expected to acquire another five percent stake.
speaker_0HOST
Another major story came from Airtel Money, which is targeting a valuation of around seven billion dollars for its planned London listing, with trading expected to begin on October fourteenth.
speaker_0HOST
In Egypt, MNT-Halan is also preparing for a stock market listing in Cairo and plans to offer twenty percent of its Egyptian business to investors.