Your Pension Is Safe: SSNIT Promises Asset Revamp, Not Sale

The Social Security and National Insurance Trust (SSNIT) has confirmed it will not sell off any of its current properties or facilities.

Instead, the organization plans to breathe new life into its existing assets to boost financial returns and create more value for contributors.

This announcement was made by SSNIT’s Director General, Kwesi Afreh Biney, during the opening of the Trust’s new office located at Takyi Plaza on Spintex Road, Accra—SSNIT’s 52nd branch nationwide.

Speaking at the event, Mr. Biney addressed past concerns following public backlash in 2024 when SSNIT considered selling its stakes in Labadi Beach Hotel and other properties labeled as “non-performing.” Many contributors feared this meant their pensions were at risk.

To calm these fears, the Director General made it clear: “We will not sell those facilities. We will turn them around,” he said confidently.

He added that SSNIT is now taking a smarter approach to investment by carefully reviewing its portfolio to focus on areas that offer the highest returns. The goal is to transform underperforming assets into profitable ones instead of offloading them.

“We are looking at which parts of our investments bring us the best value and putting more of our resources into those areas,” Mr. Biney explained.

The shift reflects a renewed strategy under SSNIT’s leadership—aimed at building trust, improving transparency, and making sure the pension fund continues to grow for the benefit of workers and retirees.

In a move toward greater digital access, Mr Biney also revealed that SSNIT will launch a virtual office by the third quarter of 2025. This will allow more Ghanaians, especially in remote areas, to sign up for and manage their pensions online.

The newly opened Spintex Road branch is expected to serve the fast-growing communities in the area and improve convenience for contributors. Mr. Biney assured stakeholders: “We’re committed to growing what we have, not selling it off. Our focus is to create lasting value for our contributors.”