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Ghana Card will save SSNIT $126 million (Director General)

Of the projected 10 million Ghanaians who are employed in the formal and informal sectors, just 2 million, he claims, are active SSNIT contributors and have received biometric identity cards, however attempts are being made to enlist the other 8 million.

Dr. Ofori-Tenkorang stressed the significance of the GhanaCard in a press conference on the sidelines of the 2022 TUC/SSNIT Regional Engagement program on Tuesday in Kumasi, in the Ashanti region. The GhanaCard has effectively replaced the SSNIT’s own “SSNIT Card,” which has been printed at a cost of $7 per issue since 2014.

Dr. Ofori-Tenkorang said that by registering and integrating all 10 million working Ghanaians with at least one survivor into the SSNIT system using their national ID cards, up to $126 million might be saved over the long run.

The GhanaCard will be the only biometric card used to register the remaining 8 million working Ghanaians onto the SSNIT system, saving us around $56 million. In addition, we would save nearly $70 million if every survivor of the 10 million potential contributors used the GhanaCard. In the long run, this would save SSNIT $126 million, according to the SSNIT boss.

The vice president was trying to make this point, therefore it shouldn’t be taken out of context, Dr. Ofori-Tenkorang continued. You would recognize that what the Vice President said was accurate if you considered the long-term advantages of the GhanaCard to SSNIT.

According to Regulation 7(1) of the National Identity Register Regulations, 2022, L.I 2111, which mandates the use of the GhanaCard as identification for “transactions pertaining to individuals in respect of pensions” and “transactions that have social security implications,” the GhanaCard has been the only identification recognized by SSNIT since July 1, 2022.

To be able to access pensions and other social security-related services, trust members have to integrate their SSNIT and NIA numbers. Employers must now compile contribution reports and issue payments solely using the NIA numbers of their employees.

The sole payment method accepted by voluntary donors is their NIA numbers.

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