The Social Security and National Insurance Trust (SSNIT) increased pension benefits in 2025, raising the monthly minimum pension by more than 32 percent while paying out GH¢7.6 billion in benefits to retirees, the National Pensions Regulatory Authority (NPRA) has disclosed in its 2025 Annual Report.
The SSNIT pension increment represents a significant boost for Ghanaian retirees, with the monthly minimum pension rising from GH¢300 to GH¢396.58 following an average pension increment of 12 percent effective January 2025. The average monthly pension also increased from GH¢1,776.81 to GH¢1,990.03, according to the NPRA’s latest report on Ghana’s pensions industry performance.
The NPRA report revealed that SSNIT contributions received during the year rose to GH¢9.7 billion, reflecting growing participation in Ghana’s social security system. The SSNIT pension scheme ended the year with 2.14 million active contributors, 261,928 pensioners, total assets of GH¢30.6 billion, and a nominal investment return of 23.8 percent.
Also read: James Agalga replaces Mahama Ayariga as Majority Leader
These SSNIT statistics underscore the financial strength of Ghana’s premier social security institution and its capacity to deliver sustainable pension benefits to retirees across the country.
Highlighting the overall performance of the pensions industry, the NPRA said total pension assets under management increased by 28.9 percent to GH¢111.1 billion in 2025, underpinned by sustained contributions and healthy investment returns.
“The pensions industry continued its strong growth trajectory, with a notable rise in Assets Under Management (AUM). Total pension fund assets increased by 28.9% from GHS 86.09 billion in 2024 to GHS 111.1 billion in 2025,” the NPRA report stated.
The NPRA report attributed the industry’s expansion to consistent pension contributions and robust investment performance across Ghana’s pensions sector.
The NPRA report said the industry’s expansion came despite a moderation in growth compared with the previous year, noting that lower inflation and interest rates resulted in positive real returns while moderating investment income from fixed-income portfolios.
The NPRA further expressed confidence in the sector’s resilience, saying it remains well-positioned to safeguard contributors’ retirement savings.
“Overall, the pensions industry remained financially stable, liquid, and resilient in 2025. Growth in AUM, positive investment performance, improved diversification, and sound liquidity indicators supported the industry’s performance during the year,” the Authority said.
The NPRA added that while the sector performed strongly, it would continue strengthening supervision and risk management to protect minimum pension assets and sustain public confidence in Ghana’s social security system.
“The Authority will therefore continue to strengthen data-quality controls, promote prudent diversification, monitor emerging risks, and use the implemented RBSS to support proactive and evidence-based supervision,” the report said.
The NPRA’s commitment to robust oversight ensures that SSNIT pension benefits and the broader pensions industry remain secure for millions of Ghanaian workers and retirees.
CNR