An economist and Professor of Finance, Godfred Bokpin, has stated Ghana’s contemporary minimal salary for public region people is not anything to jot down domestic about. He mentioned that people deserve greater than what they're getting. In his view, the contemporary salary is nowhere close to what people are speculated to receive. Ghana’s day by day minimal salary became revised with impact from January 1st, 2022, from GH¢12.fifty three to GH¢13.fifty three. But Prof. Bokpin believes the quantity is woefully inadequate. “Our minimal salary is nowhere close to minimal at all. The people deserve greater than this. Perhaps whilst we're going for negotiations we ought to go together with facts for comparison,” he stated. He made the commentary for the duration of the Ghana National Association of Teachers’ (GNAT) Investment Forum held on the University of Ghana on Wednesday, June 29, 2022. Regarding investments via way of means of the Social Security and National Insurance Trust (SSNIT), he mentioned that the investments had been walking withinside the negatives over the last periods. He consequently entreated the control of SSNIT to scale up their efforts in that area. “The returns of the investments had been terrible and that is wherein I accept as true with SSNIT ought to up their game,” he stated. He delivered that “In phrases of pensions coverage, we aren't doing badly at all.” The Director of the SSNIT, Dr. John Ofori-Tenkorang, however, refuted the declare that their investments are walking into the negatives. He as a substitute said that SSNIT is the satisfactory shape of pension scheme any employee can get. “The SSNIT scheme is the satisfactory that you could ever get everywhere else as a long way as pensions is concerned, in case you do not be part of to make contributions you're harming yourself,” he stated.
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