Do not sell state assets to politicians – Finance Minister tells SSNIT Board

Finance Minister Dr. Cassiel Ato Forson has issued a stern warning to the newly inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT), urging them to resist any pressure to sell state assets to politically exposed persons.

Speaking during the swearing-in ceremony in Accra, Dr. Forson cautioned the board to uphold the public interest in all investment decisions and avoid repeating past mistakes that have raised concerns about the stewardship of pension funds.

“Please do not sell state assets to politicians,” the Minister said emphatically. “The President will not accept it, and as your sector Minister, I will be the first to oppose it.”

His comments come at a time when scrutiny has intensified over SSNIT’s investment decisions, including attempts to divest stakes in key national assets. The Finance Minister stressed that such actions must be guided strictly by value for money, transparency, and the long-term interest of pension contributors.

Dr. Forson reminded the board that SSNIT is a national institution every Ghanaian worker will depend on during retirement, and therefore its leadership must be accountable to the public.

“The people of Ghana have entrusted their pension investments into your care. Be mindful that you are investing our future, our monies, and our everything,” he said.

He further encouraged the board to diversify its investment portfolio, noting that SSNIT was “too heavy on real estates” and needed to explore alternative, profitable sectors.

The new Board of Trustees, chaired by Nana Ansah Sasraku III, pledged to manage the Fund’s resources with integrity and foresight.

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