Business News of Thursday, 2 January 2020Source: Myjoyonline.comSSNIT increases pensions by 11% in 2020File photoThe Social Security and National Insurance Trust (SSNIT) has announced an increase in pensions by at least 11% for 2020. Director-General of SSNIT, Dr John Ofori-Tenkorang announced Thursday in Accra as part of the review in pension indexation. According to SSNIT, “The approved overall indexation rate of 11% for 2020 is higher than the forecasted inflation rate of 8.0% for 2020. According to SSNIT, 70% of pensioners will receive 11% or more as an effective increase in their pensions. The new indexation rate will increase the current pensions paid by GH¢ 243 million for the year 2020.

Source: GhanaWeb January 02, 2020 13:07 UTC