The Social Security and National Insurance Trust (SSNIT) has approved a 10 percent increase in pension payments for 2026, following consultations with the National Pensions Regulatory Authority (NPRA). This adjustment includes a fixed 6 percent increase for all pensioners, plus a redistributed portion from the remaining 4 percent aimed at providing higher effective increases to lower-income pensioners.
Pensioners currently receiving the minimum monthly pension of GH¢300 will see their payments rise to GH¢409.56 in 2026, marking a significant 36.52 percent increase—substantially above the general indexation rate. Additionally, SSNIT has raised the minimum monthly pension for new pensioners from GH¢300 to GH¢400, strengthening the pension floor across the scheme.
According to Evelyn Adjei, Chief Actuary at SSNIT, factors influencing the 2026 indexation rate included salary growth among active contributors, a projected inflation rate of 8 ± 2 percent by the end of 2025, and the need to ensure the long-term sustainability of the pension fund. The increase reflects a balanced approach to supporting pensioners while maintaining fund health.
While pensioners with higher incomes will receive increases closer to the full 10 percent, the redistribution and strengthened minimum pension ensure that lower-income pensioners benefit most from this adjustment, enhancing social protection for the most vulnerable retirees.
