Investment Times

John Kwaning Mbroh, CEO of the National Pensions Regulatory Authority (NPRA), has assured the public about the future stability of the Social Security and National Insurance Trust (SSNIT). This reassurance follows a valuation study by the International Labour Organisation (ILO), which projected a complete depletion of SSNIT’s reserves by 2036 if no corrective measures are taken. The ILO report indicated that starting in 2029, SSNIT’s total income—including contributions, investment income, and other revenue streams—would be insufficient to cover annual expenditures, potentially leading to a depletion of reserves by 2036. The primary cause of this projected instability is attributed to delayed...