pensions house
pensions house

Workers in Tamale on Wednesday embarked on a procession through some principal streets within the metropolis to mark this year’s Labour Day demanding improved pension packages to improve the welfare of pensioners in the country.

They carried placards with varied inscriptions expressing need for improved working conditions of workers in terms of enhanced salaries to translate into better pension packages for them during retirement.

They later converged at the Jubilee Park in Tamale where they were addressed by various leaders of labour unions in the Region.

Madam Felicia Kraja, Acting Northern Regional Secretary of the Trades Union Congress (TUC), who read the Secretary General of TUC’s message, said “Currently, Ghana’s total working population is estimated at 13 million, just about 1.5 million ( representing 11.5 percent of the total working-age population) have access to pension under the Social Security and National Insurance Trust.”

Madam Kraja said “This means over 11 million working people (mainly in the informal economy) do not have access to social security. This is not acceptable in a rich and proud middle-income country like Ghana. Something has definitely gone-wrong in our economic and social policy.”

She, therefore, appealed to the government to take steps to correct the situation saying, “We are expecting concrete plans and a road map for Universal Pension Coverage in Ghana in the 2020 Budget and Economic Policy Statement.”

Mr Salifu Saeed, Northern Regional Minister, expressed need for government and other stakeholders to work together to build a sustainable pension scheme, saying “This calls for an inclusive approach that involves fund managers, investors and contributors to effectively translate pension polices into concrete results for beneficiaries”.

Mr Saeed also spoke about industrial harmony appealing to Organized Labour to endeavour at all times to use dialogue as the best option for settling dispute when confronted with a challenge relating to the welfare of their members.

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