The Social Security and National Insurance Trust (SSNIT) increased the minimum monthly pension from GH¢300 to GH¢396.58 in 2025, giving retirees a 32.2% rise in the lowest benefit paid under the scheme.
The increase followed an average 12% adjustment in pension benefits that took effect in January 2025.
The latest figures are contained in the National Pensions Regulatory Authority’s (NPRA) 2025 Annual Report, which also shows that the average monthly pension increased from GH¢1,776.81 to GH¢1,990.03.
SSNIT paid GH¢7.6 billion in pension benefits during the year, while contributions to the scheme reached GH¢9.7 billion.
The pension scheme ended 2025 with 2.14 million active contributors and 261,928 pensioners.
Its total assets also rose to GH¢30.6 billion, with SSNIT recording a nominal investment return of 23.8%.
The growth in SSNIT’s assets formed part of a wider expansion in Ghana’s pensions industry.
The NPRA said total pension assets under management increased by 28.9%, from GH¢86.09 billion in 2024 to GH¢111.1 billion in 2025.
“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 GHS 86.09 billion in 2024 to GHS 111.1 billion in 2025,” the report stated.
The regulator said the increase was supported by continued contributions and investment returns, although growth was slower compared with the previous year.
It explained that lower inflation and interest rates contributed to positive real returns for pension funds but also reduced investment income from fixed-income assets.
Despite these conditions, the NPRA said the pensions industry remained financially sound and capable of protecting contributors’ retirement savings.
“Overall, the pensions industry remained financially stable, liquid, and resilient in 2025. Growth in AUM, positive investment performance, improved diversification, and sound liquidity indicators supported the industry’s performance during the year,” the Authority said.
The NPRA, however, said it would continue to tighten supervision and risk management across the sector to protect pension assets and maintain confidence in the system.
It said its focus would include improving the quality of pension data, encouraging prudent diversification of investments and monitoring emerging risks.
“The Authority will therefore continue to strengthen data-quality controls, promote prudent diversification, monitor emerging risks, and use the implemented RBSS to support proactive and evidence-based supervision,” the report said.
