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 2008 (Act 766). These changes take
effect from 1 January 2026.
With effect from 1 January 2026:
The maximum
insurable earnings level has been increased from GHS 61,000.00
to GHS 69,000.00, resulting in a maximum monthly First Tier
contribution of GHS 9,315.00.
The minimum
insurable earnings level for 2026 is GHS 587.79, with a
corresponding minimum monthly contribution of GHS 79.35.
Important Notice: While SSNIT may still be in the
process of distributing formal public notices, they have begun circulating
formal letters to institutions confirming these revised levels.
Employers and SSNIT scheme members affected by this change must ensure that
correct contributions are remitted by the 14th day of the following month.
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 | 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: 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 ...
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 ...