Jan 23, 2024 1 min read

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

Mercans Recommends

View PDF

Ghana revises the minimum and maximum insurable earnings
Size

737.56 KB

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read