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The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged under the National Pensions Act 2008 Act 766 with the administration of Ghana’s Basic National Social Security Pension Scheme and to cater for the first tier of the contributory three-tier scheme. The Trust is currently the largest non-bank financial institution in the Ghana. The primary responsibility is to replace part of lost income of Ghanaian workers or their dependants due to old age, invalidity, or loss of life.
The Trust was established in 1972 under NRCD 127 to administer the National Social Security Scheme. Prior to 1972, the Scheme was administered jointly by the then Department of Pensions and the State Insurance Corporation. The Trust administered a Provident Fund Scheme, and this was converted into a social insurance pension scheme which was reformed in January 2010 by an Act of Parliament. The Act was enacted on December 12, 2008 to replace the previous-Cap 30 & SSNIT Pension Schemes. Read more >>>
NTHC Limited is the pioneer investment banking firm in Ghana. It has accumulated decades of experience and expertise since its establishment in 1976 under the auspices of National Investment Bank to serve as a catalyst for the creation of a stock exchange in Ghana.
NTHC started business soon after incorporation and was authorized to operate as a National Mutual Fund in that same year. National Trust Holding Company (NTHC) was established.
In that same year, NTHC was authorized by Legislative Instrument (L.I 1093/76) to operate as a Mutual Fund. NTHC commenced business in Dyson House on the Kwame Nkrumah Avenue in Accra with seven staff. Read more >>>
SIC Insurance Company Limited is the nation's largest general insurer, and has a nationwide coverage. Its lines of insurance include motor, accident, travel, marine, aviation, oil and gas.
SIC was incorporated as State Insurance Corporation by Executive Instrument in 1962 (E.I. 17). It continued in existence by the State Insurance Corporation Instrument, 1965 (LI 424), made under section 5 of the Statutory Corporations Act, 1964. The name of the company was changed to State Insurance Corporation of Ghana by virtue of the State Insurance Corporation (Amendment) Instrument. SIC Insurance Company Limited is one of the oldest non-life insurance companies in Ghana. It traces its roots to the year 1955, when the Gold Coast Insurance Company was established. It was renamed Ghana Insurance Company in 1957, when Ghana attained independence. Read more >>>
1. Social Security & National Insurance Trust (SSNIT) - 43.48% 2. State Insurance Company (SIC) - 19.70% 3. National Investment Bank (NIB) - 19.70% 4. AccreCon Consulting Limited - 12.39% 5. NTHC Group (Provident Fund) - 4.73%
The history of the Bank can be traced to the end of the Second World War. Agitations from the indigenes against foreign imports led to a general boycott by the local population led by Association of West African Merchants (AWAM). The colonial administration decided to establish an entity that would facilitate the involvement of private indigenous persons in business. The Gold Coast Industrial Development Corporation (GCIDC) was therefore established in 1952 with budgetary appropriations to enable it provide financial support to the indigenes for the establishment of their own businesses.
After independence, the GCIDC became known as the Ghana Industrial Corporation (GIDC) with the Government of Ghana as the controlling body. The government transformed the GIDC into the National Investment Bank (NIB) by an act of Parliament (Act 163). The NIB was incorporated as an autonomous joint state-private institution on March 22, 1963. It was established primarily to promote and strengthen rapid industrialization in all sectors of the Ghanaian economy. NIB was therefore the first development bank in Ghana.