The Social Security and National Insurance Trust's Director-General said Labadi Beach Hotel paid SSNIT GH¢17.8 million in dividends for 2024 and is expected to deliver a larger payout this year once accounts are audited, citing the hotel's strong profitability with profit before tax exceeding GH¢67 million.
17 June 2026 · Joy Online →
SSNIT Director-General Kwasi Afreh Biney has firmly declared that neither Labadi Beach Hotel nor La Palm Royal Beach Hotel will be sold, dismissing speculation about the Trust's hospitality investments. He cited Labadi Beach Hotel's strong performance, noting it paid ¢17.8 million in dividends for 2024 and achieved profit before tax exceeding ¢67 million.
17 June 2026 · Joy Online →
SSNIT Director-General Kwasi Afreh Biney has cautioned against unilateral increases to Ghana's retirement age, arguing that such changes must emerge from broad national consultations. While acknowledging that longer lifespans and demographic shifts have strengthened the case for extending retirement age, he emphasised that any decision must balance pension sustainability, employment creation, and opportunities for younger generations.
17 June 2026 · Joy Online →
The SSNIT Director-General cautioned against hastily extending Ghana's retirement age, warning it could delay employment opportunities for young people by up to seven years. He acknowledged longer lifespans and stronger health outcomes support working past 60, but argued the decision must weigh unemployment rates and job availability, and require broad stakeholder consultation rather than institutional decisions.
17 June 2026 · Joy Online →
The Director-General of Ghana's Social Security and National Insurance Trust argues that while life expectancy has increased and many Ghanaians remain active beyond the current retirement age of 60, extending retirement age requires broader stakeholder deliberation on employment rates, unemployment, and job availability—not longevity considerations alone.
17 June 2026 · Joy Online →