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 | Revised Maximum and Minimum Insurable Earnings for 2026
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), has revised the maximum and minimum insurable earnings for 2026, in line with section 63(3) of the National Pensions Act ...
Ghana | SSNIT Maximum Insurable Earnings for 2025
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), has revised the maximum insurable earnings for 2025 from GHS 52,000.00 to GHS 61,000.00. This adjustment aligns with ...
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 ...
Ghana Product User Guide
To aid our users in the understanding and application of compliance in Ghana, PaySpace has released an external Product User Guide. This is a "How to guide" to follow during country implementations, company maintenance, and for support queries.