The Social Security and National Insurance Trust (SSNIT) has approved a 10 per cent increase in pension payments for 2026.
The upward adjustment approved in consultation with the National Pensions Regulatory Authority (NPRA), will see all pensioners receive a 6 per cent fixed increase, plus a redistributed portion from the remaining 4 per cent.
The redistribution is designed to provide higher effective increases for pensioners at the lower end of the pension scale.
As part of the adjustment, pensioners currently receiving the minimum monthly pension of GH¢300.00 will see their payments rise to GH¢409.56 in 2026. This represents a 36.52 per cent increase, significantly higher than the overall indexation rate.
Addressing a press conference in Accra, the Chief Actuary at SSNIT, Evelyn Adjei, noted “SSNIT has also increased the minimum monthly pension for new pensioners from GH¢300.00 to GH¢400.00, strengthening the pension floor across the scheme”.
She added that factors considered in setting the 2026 indexation rate included salary growth among active contributors, projected inflation of 8 ± 2 per cent by the end of 2025, and the long-term sustainability of the pension fund.
While higher-income pensioners will receive increases closer to the 10 per cent rate, the Chief Actuary noted that lower-income pensioners are expected to benefit the most due to the flat redistribution amount and the strengthened minimum pension.
