Ghana: Maximum and Minimum Insurable Earnings for 2023
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), has increased the maximum insurable earning for 2023 from GHS 35,000.00 to GHS 42,000.00. The upward adjustment is in accordance with section 63 (3) of the National Pensions Act 2008 (Act 766).
The minimum insurable earning for 2023 has also been increased from GHS 365.33 to GHS 401.76 following the raise in the National Daily Minimum Wage.
In effect, from 1 January 2023, the maximum and minimum contributions payable to SSNIT will be GHS 5,670.00 and GHS 54.24 respectively.
Related Articles
Ghana: SSNIT Maximum and Minimum Insurable Earnings for 2024
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Authority (NPRA) has increased the maximum insurable earnings for 2024 from GHS 42,000.00 to GHS 52,000.00 The upward adjustment is in accordance ...
Ghana - Increased Minimum Wage
The Ghanaian government has announced an increase to the minimum wage from 14.88 GHS to 18.15 GHS. This is effective as of January 1st, 2024. This increment will have a direct effect on the SSNIT maximum and minimum insurable earnings as well as the ...
Zimbabwe - POBS Insurable Earnings Update - June 2024
The National Social Security Authority (NSSA) announced an update for all employers and stakeholders regarding the maximum insurable earnings per employee. Effective June 1, 2024, the new maximum amount of monthly earnings subject to contributions ...
Zimbabwe: POBS insurable earnings Quarter 4
The National Social Security Authority would like to advise all employers & stakeholders of changes to the Self -Adjusting Framework for determining the monthly POBS maximum insurable earnings per employee. In terms of SI 64 of 2022 gazetted on 01 ...
Zimbabwe: POBS insurable earnings Quarter 3
The National Social Security Authority would like to advise all employers & stakeholders of changes to the Self -Adjusting Framework for determining the monthly POBS maximum insurable earnings per employee. In terms of SI 64 of 2022 gazetted on 01 ...