SSNIT slams treasury bills comparison
The Social Security and National Insurance Trust (SSNIT) has rejected claims that contributors would earn better returns by investing their contributions in treasury bills. Director-General Kwesi Afreh Biney stated at a media event in Accra on October 30 that SSNIT offers far greater long-term value through lifetime pension payments, invalidity coverage, and survivor benefits—features absent in short-term instruments, such as treasury bills.
“Treasury bills stop paying when you withdraw, but SSNIT pays for life, with yearly increases and survivor benefits,” Biney said. “We are there for you and your family even after you are gone.” He emphasized that SSNIT functions as a lifelong safety net, providing income security not just for contributors but also for their dependents.
Biney added that the trust manages more than GH¢24.5 billion in assets invested across banking, energy, real estate, and hospitality, ensuring strong and sustainable returns. The engagement was part of SSNIT’s 60th anniversary activities under the theme “A Legacy of Service,” aimed at correcting public misconceptions and strengthening media partnerships to promote awareness of social protection in Ghana.
