The Social Security and National Insurance Trust (SSNIT) has lost over GHc20 billion of the taxpayers’ money in the past, and, so, the current $72 million software saga is “peanuts”, a financial consultant, Mr Cudjoe Akpabey, has said.
The Economic and Organised Crimes Office (EOCO) is currently investigating the $72 million software saga. There are concerns that the monies paid for the system have been overpriced, with ICT experts arguing that the cost for the application is outrageous.
The software system, which was undertaken in 2012, is, according to SSNIT, meant to provide customers with convenient services.
Reacting to the saga on Class91.3FM’s Executive Breakfast Show (EBS), Mr Cudjoe said SSNIT should be collapsed.
He told show host Moro Awudu: “I’m the one championing the collapse of SSNIT. Let me tell you this $72million we are talking about is peanuts. I led a team around the year 2000 – 2003 to investigate SSNIT and I will give you the companies and the monies that we’ve lost. In today’s money, it’s about GHc20billion plus several millions of dollars so this is not new.
“SSNIT is not an insurance scheme; it’s not a trust fund. It’s a deception, and we have all been deceived over the years that we have Social Security and National Insurance Trust, but there’s nothing like that. As a matter of fact we are all paying taxes but they tell us it is contribution.
“So all the discussions have been on this law and I have said at several places that let EOCO carry out its investigation , we have also done some in the past but the issue is, is SSNIT viable? No.”
Source: ClassFMonline.com
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The sad aspect of this SNNIT saga is that TUC Ghana has a representation on the Trust's Management Board. Is it the same case as ndc, create, loot and share? TUC has for along time not been championing the cause of the Ghanaian worker. They take positions on the Trust Board, benefit from the allocation of flats and other booties and turn blind eye to the mistreatment of the worker. Ghanaian workers are too docile for my liking. They should demand accountability from TUC about the happenings at SSNIT. Article ........ office holders retire and are paid end of service benefits meanwhile the worker who suffers to build the consolidated account retires and gets nothing as gratuity but TUC has been adamant since the abolition of end of service benefits by PNDC whose members later became beneficiary of the same benefit they abolished. TUC wake up from your long, long slumber.
When President Kuffour ordered the revolution of Pensions in the year 2007 there was a problem of them building and the management of the building is given to another company to manage and when they came to Parliament and questions were thrown at them concerning of those buildings they could not answer. Also they had given personal loans to their wotker s and
It is better the government change the laws to allow other pension providers so that workers can decide which trust fund they want to manage their cash. SSNIT enough is enough.
I sincerely agree with the writer. SSNIT has been a Scam over the years to contributors.
THAT IS WHY I ALWAYS SUGGEST THAT,THE CONTRIBUTION TO SSNIT BY WORKERS SHOULD BE OPTIONAL SIMPLE.
For years now, I have had a lot of doubts about the operations and performance of this FAT COW which is milked by politicians. Staff appointments are purely on political basis not on qualification and merit. The recent massive corruption by the top bras of the Trust and the ICT head issues lend ample evidence to this. Let me ask SSNIT just one (1) question. How many Ghanaian workers or pensioners who are contributors and for that matter own the Truest have every benefited from their numbers of flats that they construct. The blocks of flats are almost always shared to the staff even retrenched staff and politicians. The Ghanaian contributors should organise a massive demonstration against the Truest akin to what we see on our tv screens elsewhere to elicit immediate government intervention to make the Trust live up to the purpose for which it was established to benefit pensioners and jail all corrupt officials and their businessmen collaborators with exception to none.