SSNIT

Name

SSNIT

Legal name

Social Security and National Insurance Trust

Website

https://ssnit.org.gh

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Public Pension Administration

NAICS

Pension Funds (525110), Health and Welfare Funds (52512), Social Assistance (624)

SIC

Finance Services (6199), Accident & Health Insurance (6321)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Disability Benefits Administration (BPAIAKAC), Healthcare-Linked Social Benefits Administration (e.g., Medicaid/Means-Tested Health Coverage) (BPAIAKAH), Government Benefit & EBT / Social Program Cards (FSAMANAF)

Keywords

• Pension administration
• Social security contributions
• Retirement benefits
• Pension fund management
• Invalidity benefits

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Social Security Contributions: Mandatory contributions from employees and employers under the National Pensions Act, 2008. SSNIT collects contributions and pays pensions to beneficiaries. The scheme paid GH¢600 million monthly to over 260,000 pensioners, totaling GH¢6.77 billion in 2025.
2. Investment Returns: SSNIT invests its portfolio across banks, insurance, hospitality, real estate, manufacturing, and energy sectors. The Trust is the largest single institutional investor on the Ghana Stock Exchange. Asset base grew from GH¢20 billion in 2024 to GH¢25 billion in 2025.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

SSNIT administers Ghana's statutory national pension scheme, collecting mandatory social security contributions from formal-sector employees, employers, and self-employed contributors, and paying out Old Age, Invalidity, Survivors, and Emigration benefits. Membership and benefit access are supported by a Self-Service Portal, Mobile App, USSD service, MVP Prepaid Card, and a Telehealth Service, supplemented by subsidiary facilities including the Trust Hospital and the Labadi Beach Hotel.

Product overview

SSNIT (Social Security and National Insurance Trust) is Ghana's national pension scheme administrator operating under the National Pensions Act, 2008. The organization offers a comprehensive pension scheme with four core statutory benefits: Old Age Benefit, Invalidity Benefit, Survivors Benefit, and Emigration Benefit. Beyond the core pension scheme, SSNIT provides digital service channels including the Self-Service Portal and Mobile App for 24/7 member access. The Member Value Programme (MVP), launched in July 2026, extends benefits through an SSNIT-branded prepaid Visa card with Ecobank Ghana, providing digital healthcare, retail discounts, and travel benefits. The organization also operates healthcare facilities through Trust Hospital and invests in hospitality assets including Labadi Beach Hotel.

Differentiator

Problem solved

Functional benefit

Products and services

• Old Age Benefit

Quantifiable outcome

• 60% guaranteed pension right outperforms OECD average of 52% and EU average of 54%
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Ecobank GhanacoreStrategic or Co-development Partner · 8 July 2026Ecobank Ghana partnered with SSNIT to deliver the Membership Value Programme (MVP), providing SSNIT-branded prepaid Visa cards offering digital healthcare services, discounts, reduced airfares, and secure cashless payments to contributors and pensioners.
• Trust HospitalcoreStrategic or Co-development Partner · 1 July 2026Trust Hospital partnered with SSNIT to develop a comprehensive telehealth service for pensioners as part of the Member Value Programme.
• National Health Insurance AuthoritycoreStrategic or Co-development Partner · 1 July 2026The National Health Insurance Authority collaborated with SSNIT on the telehealth service for pensioners.
• Fenaam Industries LimitedminorGTM or Marketing Partner · 1 July 2026Fenaam Industries Limited announced it will contribute 1.2 pesewas from every Peeva beverage bottle sold to support healthcare for pensioners as part of SSNIT's CSR initiatives.
• National Pensioners AssociationcoreStrategic or Co-development Partner · 1 July 2026SSNIT collaborated with the National Pensioners Association to celebrate pensioners and announce the Member Value Programme.
• Trades Union Congress (Ghana)coreStrategic or Co-development Partner · 23 March 2026SSNIT organized regional forums in collaboration with Ghana's Trades Union Congress to deepen pension literacy among workers and strengthen collaboration with organized labour.
• MVP Partners (Various)coreGTM or Marketing PartnerSSNIT's Membership Value Programme includes over 50 partner businesses across sectors including airport services, electronics, entertainment, fashion, food & beverage, healthcare, hospitality, transport, and travel. Partners include HQ Meet and Assist, Novotec Ghana, Electroland, Club Smooth, Hilly's Bridal, Eddy's Pizza, Avis Car Rental, Qatar Airways, IHG Hotels, and many more offering discounts to SSNIT members.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Employees Provident Fund (EPF) - Malaysia: Larger established statutory pension fund with extensive member services and significant AUM; comparable as a national mandatory scheme with broad product set including invalidity, withdrawal, and retirement benefits.
• Employees Provident Fund Organisation (EPFO) - India: India's statutory retirement fund administrator managing contributions for hundreds of millions of members; comparable in providing old-age, survivors, and invalidity benefits through a national trust model.
• Social Security Administration (SSA) - United States: U.S. federal agency administering retirement, disability, and survivors benefits under a mandatory contribution model; broadly comparable as the canonical global statutory pension administrator.
• National Pension Commission (PenCom) / PFA Operators - Nigeria: Nigeria's pension regulator overseeing licensed Pension Fund Administrators running mandatory contribution-based retirement savings accounts; comparable in managing pension assets across Africa's largest economy with similar challenges of informal-sector coverage.
• South Africa Government Employees Pension Fund (GEPF): Africa's largest pension fund by AUM, providing retirement and related benefits for South African government employees; broader in scale but directly comparable as an African statutory pension administrator with an investment portfolio.

Regional players

• National Health Insurance Authority (NHIA) - Ghana: Ghana's national health insurance scheme administrator collaborating with SSNIT on telehealth services for pensioners; related Ghanaian statutory entity operating in an adjacent benefits-administration space.

Direct peers

• National Social Security Fund (NSSF) - Kenya: Kenya's statutory pension scheme with mandatory contributions, broad benefit structure, and significant investment portfolio; comparable in scale and remit as a national social security administrator.
• National Pension Fund (NPF) - Tanzania: Tanzania's national pension scheme managing mandatory contributions and an investment portfolio across multiple sectors of the Tanzanian economy; directly comparable regional pension fund mandate.
• National Pension Scheme Authority (NAPSA) - Zambia: Zambia's statutory national pension scheme administrator operating under similar mandatory contribution legislation; directly comparable mandate, scale, and challenge of pension delivery across Sub-Saharan Africa.

Others

• Ecobank Ghana: SSNIT's strategic partner for distributing the MVP Prepaid Visa card to contributors and pensioners; comparable as an adjacent enabler/financial-services partner rather than a pension competitor.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SSNITGhana
• YouTubeyoutube.com/channel/UC7HW1-u_LEb1X4qn-kzYrww
• Facebookweb.facebook.com/ssnitghana/?_rdc=1&_rdr
• LinkedInlinkedin.com/company/ssnit/posts/?feedView=all
• Instagraminstagram.com/ssnitghana
• TikToktiktok.com/@ssnitghana?_r=1&_t=ZS-98BoJEP5evy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SSNIT