The Director-General of the Social Security and National Insurance Trust (SSNIT), Kwasi Afreh Biney, has disclosed that the government has fully settled the GH¢1.05 billion it owed the Trust in 2024.
According to him, most of the payments were made in cash. He claimed that the state had cleared the entire outstanding amount by the end of March 2025.
“Most of the payments have been cash, in fact, more than 70% of the payments have been cash,” he said.
Mr. Biney made the disclosure during an interview on Joy News. He indicated that the government used a short-term financial instrument to cover part of its obligations for the final quarter of last year.
“The only time that there was an instrument was from October to December last year. So we had an instrument issued in December, which was a T-bill, so it’s actually a short-term instrument maturing this year that was issued for October, November, and December,” he said.
In providing details of the debt accumulation, he said, “So, for 2024, the government owed 1 billion and 50 million cedis, but by the end of March 2025, the government had paid that in cash”.
He further revealed that for “2025, there’s no arrears, we didn’t enter”. He added that for 2026, the government made advance payments.
“In fact, by the time we’re entering 2026, the government had actually paid ahead,” he said.