Ghana revises minimum and maximum insurable earnings

Changes in minimum and maximum insurable earnings

The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pension Regulatory Authority (NPR) has increased the maximum insurable earning for 2024 from GHS 42,000 to GHS 52,000.

The minimum insurable earning for 2024 has also increased from GHS 401.76 to GHS 490.05 following the rise in the national daily minimum wage.

The increase in both the minimum and maximum insurable earnings is effective from 1 January 2024.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

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Ghana revises the minimum and maximum insurable earnings

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