Accra, Ghana//-The Social Security and National Insurance Trust (SSNIT) has announced a 10% increase in monthly pensions in 2026.
According to SSNIT, all retirees on its payroll as of December 31, 2025, will get an average 10% rise in monthly pensions.
The National Pension Scheme noted that the 10% indexation, which is nearly double the 5.4% inflation rate recorded in December 2024, indicates its commitment to preserving pensioners’ purchasing power.
“It is also important to state that the current indexation is higher than the recent inflation rate. What that means is that every pensioner on the payroll has been covered by inflation,” said the Director-General of SSNIT, Kwesi Afreh Biney, emphasising the Trust’s commitment to retirees’ wellbeing.
Speaking during a brief ceremony in Accra on January 8, SSNIT stated that the 2026 indexation rate was based on several variables, such as the overall impact on the Fund’s long-term sustainability, the predicted average inflation of 8% + 2% by the end of 2025, and salary increases among active contributors.
In compliance with Section 80 of the National Pensions Act, 2008 (Act 766), the new indexation was approved after consultation with the National Pensions Regulatory Authority (NPRA).
Additionally, 2,964 additional pensioners will benefit from SSNIT’s 36% rise in the minimum monthly pension from GH¢300 to GH¢400.
Mr Afreh Biney emphasised the scheme’s focus on equitable retiree allowance: “This is testament to our commitment to ensure that those at the lower end are as protected as possible, while ensuring sustainability,” he noted.
The highest-earning SSNIT pensioner will receive GH¢213,991.47 per month in 2026, up from GH¢201,792.37 as of December 31, 2025.
According to SSNIT, pensions will total more than GH¢7 billion in 2026, with more than GH¢580 million paid out each month.
Regarding the scheme’s expansion and viability, the Trust disclosed plans to add more than 200,000 additional participants by 2026.
It concluded that pension increases will differ, with higher earners receiving increases closer to the 10% indexation while lower-income pensioners will benefit more from the flat amount and increased minimum pension.
