Recent News

  • SSNIT increases monthly pension payment by 20%

    The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payment by 20 percent for 2016.

    Thus, the minimum wage for current pensioners will increase to ₵296.89 from ₵230.00.

  • Transfer of Funds from the Temporary Pension Fund Account (TPFA) to Registered Schemes

    The National Pensions Regulatory Authority (NPRA) has transferred funds from the Temporary Pension Fund Account (TPFA) at the Bank of Ghana to the first batch of employers in the private sector, who have registered under the mandatory 2nd Tier Occupational Pension Scheme and successfully gone through the application, validation and due diligence on the compliance process

  • Compulsory Enrolment of Employers without Registered 2nd Tier Schemes

    The National Pensions Regulatory Authority (NPRA) has assigned Corporate Trustees to Employers who have failed to enroll under the mandatory 2nd Tier Occupational Pension Scheme, for immediate and compulsory enrolment.

  • Leapfrog Investment acquires 25 percent stake in Petra Trust

    Leading International Investor, Leapfrog has acquired a 25 percent stake in Petra Trust after investing fresh capital into the firm.

  • LeapFrog invests in Ghana’s Petra Trust

    LeapFrog Investments, the specialist investor in financial services in Africa and Asia, has taken a stake in one of Ghana’s largest pension trustee companies, Petra Trust.

  • SSNIT increases pensions

    The Social Security and National Insurance Trust (SSNIT) in accordance with section 80 of the National Pensions Act, 2008 (Act 766) has increased (indexed) pensions-in-payment for 2013.

  • Ghana plans 7-year bond auction this year

    The Bank of Ghana (BoG) is expected to issue a seven-year government bond by the end of December.

    This will be the next bond issue following a successful issue last Thursday.

  • Govt to realize almost 900 million cedi proceeds from last week’s bond issue

    The Bank of Ghana on behalf of government will today receive almost 900 million cedis as payment from investors who participated in last week’s bond issue.

    The 300 million cedi five year bond which is to fund on- going road projects was oversubscribed by almost 300 percent with a little over 90 percent of the bids coming from foreign investors.

  • Producer price index slips to 18.0% in July

    The annual producer price inflation fell to 18.0 percent in July from 19.1 percent in June, due in part to slower increases in food prices.

    The acting Government Statistician, Dr. Philomena Nyarko, explained at a news conference in Accra that the ex-factory prices of goods for all industry rose on average by 18 percent in July 2012 compared to the same period in 2011.

  • Over-subscribed five-year bond would help stabilize the cedi – Minister

    Finance Minister, Dr. Kwabena Duffour is optimistic inflows from yesterday’s oversubscribed five year bond issue would help stabilize the cedi.

    The bond was oversubscribed by a record high of almost 300 percent.