Deloitte Ghana has declared its commitment to help businesses and workers transform their perspectives on pensions. The firm aims to build confidence and empower people to take deliberate steps towards securing their future. This initiative was highlighted at a webinar focused on "Securing Tomorrow Today" on June 22, 2026.
Gloria Boye-Doku, a Partner in Tax and Legal at Deloitte, stressed that the future does not simply happen to us. Instead, our decisions, investments, and commitments today shape it. She emphasized that a deeper understanding and action now will determine the quality of tomorrow. Ghana's business environment is constantly changing, making employees more interested in how social security systems operate and what benefits they can expect.
This drive for better pension engagement aligns with Ghana's broader economic stability and efforts to improve social welfare. The national pension scheme's performance is a key part of this assurance. Ghana's 60% guaranteed pension rate after 20 months of contributions significantly outstrips global averages. The Organisation for Economic Co-operation and Development (OECD) average is slightly over 52%, and the European Union (EU) average is around 54%.
Kwesi Afreh Biney, the Director General of SSNIT, confirmed Ghana's pension scheme is performing exceptionally well. He stated that SSNIT extends pension coverage aggressively to the informal economy. Mr. Biney highlighted that Ghana's guaranteed pension rights are better than those in the United Kingdom, Germany, and the USA. This success indicates a strong foundation for future pension planning in the country.
Boye-Doku underscored that securing tomorrow requires active responsibility from all parties. Regulators, fund managers, employers, and employees must take deliberate action. She urged businesses to strengthen their compliance frameworks and prioritize governance. Pension contributions should be seen as a critical part of employee well-being, not just a routine obligation. For individuals, especially young professionals, she advised active engagement with pension contributions and informed decision-making.
SSNIT is developing a new plan to reach the informal sector, which makes up 80% of Ghana's working population. This expansion is crucial for broadening pension coverage and ensuring more Ghanaians have financial security in retirement. Continued collaboration, innovation, and transparency among policymakers and regulators remain essential. These factors will drive confidence and long-term sustainability within the national pension system.
The webinar connected participants with experts from the National Pensions and Regulatory Authority (NPRA) and SSNIT. It allowed them to understand Ghana's social security landscape better. Participants explored new developments, discussed common challenges, and identified practical steps for informed decisions. This collaborative approach aims to strengthen the entire pension ecosystem in Ghana.