Director-General of the Social Security and National Insurance Trust (SSNIT), Kofi Bosompem Osafo-Maafo says management has made strides in the improvement of the trust.
According to him, management has adopted three key pillars to steer the affairs of the scheme indicating that the sustainability of the scheme, adoption of state-of-the-art technology and ensuring that benefits are adequate are but a few strategies to ensure that the scheme is sustained.
Speaking at the 2024 annual operations and benefits conference in Elmina in the Central Region, the Director General noted that the conference is expected to provide strategies to expand the coverage of the scheme while using appropriate technologies.
Although contributions from the private and public sectors are greatly improving steadily, Osafo-Maafo expressed worry over the indebtedness of public sector institutions to the trust.
“From management’s perspective, the strategic direction of this institution is based on three pillars. The sustainability of the scheme and its improvement. Indeed, we have made significant strides in improving the sustainability of the scheme. This is going to be done through the expansion of coverage, enforcement of compliance, prudent investment of funds and responsible governance of the Trust and its investments.”
“Secondly, the adoption of state-of-the-art technology for the management and maintenance of accurate and complete data, reliable financial data on members and also for improving our efficiency. And indeed, for those who have been here long enough, I think that there is good evidence that technology has definitely improved.
“I think if you were to look ten years ago, if you were going out you needed a pickup truck and four or five people or more to carry the various boxes across.”
“Today, that task is not as arduous and in fact, I believe that our MIS team are going to ensure that all you will require in the future, you could probably put in your pocket or put in a very small bag and you could get going. his year’s conference discussions.”
“The third pillar is to ensure benefits are adequate. We’ve taken significant strides to ensure that this aspect has improved significantly. And indeed, if we look at the data that we have for the private sector, the public sector, and also total contributions, there have been marked improvements. But as I always say, we can always do better and each year, we must strive to do better.”
