Ghana’s pension industry recorded significant growth in 2025, with Social Security and National Insurance Trust (SSNIT) pension payments reaching GH¢7.6 billion and total pension assets under management climbing to GH¢111.1 billion, according to the National Pensions Regulatory Authority (NPRA).
The NPRA 2025 Annual Report revealed that the minimum SSNIT monthly pension increased by more than 32%, rising from GH¢300 to GH¢396.58 after the implementation of a 12% pension increment in January 2025. The average monthly pension also improved from GH¢1,776.81 to GH¢1,990.03, providing higher retirement income for pensioners across Ghana.
SSNIT Contributions and Investment Performance Boost Pension Fund Growth
The report noted that SSNIT collected GH¢9.7 billion in pension contributions during 2025, with 2.14 million active contributors and 261,928 pensioners benefiting from the national pension scheme.
SSNIT’s investment portfolio continued to strengthen, with total scheme assets increasing to GH¢30.6 billion, supported by a 23.8% nominal investment return. The strong investment performance contributed to the Trust’s ability to improve pension payouts while maintaining financial stability.
Ghana Pension Industry Assets Reach Record GH¢111.1 Billion
The NPRA disclosed that Ghana’s pension sector experienced robust expansion, as Assets Under Management (AUM) increased by 28.9%, rising from GH¢86.09 billion in 2024 to GH¢111.1 billion in 2025.
According to the regulator, the growth was driven by consistent pension contributions and strong investment returns, despite lower inflation and declining interest rates reducing earnings from fixed-income investments.
“The pensions industry continued its strong growth trajectory, with a notable rise in Assets Under Management (AUM). Total pension fund assets increased by 28.9% from GH¢86.09 billion in 2024 to GH¢111.1 billion in 2025,” the report stated.
NPRA Affirms Stability of Ghana’s Pension Industry
The National Pensions Regulatory Authority said Ghana’s pension sector remained financially stable, resilient and liquid, ensuring the protection of workers’ retirement savings.
The Authority attributed the industry’s strong performance to positive investment returns, improved portfolio diversification, healthy liquidity levels and sustained growth in pension fund assets.
“Overall, the pensions industry remained financially stable, liquid, and resilient in 2025. Growth in Assets Under Management, positive investment performance, improved diversification, and sound liquidity indicators supported the industry’s performance during the year,” the NPRA stated.
NPRA to Strengthen Pension Fund Oversight and Risk Management
Looking ahead, the regulator announced plans to further enhance supervision of Ghana’s pension industry by improving data quality, strengthening risk management practices, promoting prudent investment diversification and monitoring emerging financial risks.
The Authority said it will continue implementing its Risk-Based Supervisory System (RBSS) to support proactive, evidence-based regulation and ensure pension funds remain secure for contributors and retirees.
Source: newsthemegh.com