The Minister for Employment and Labour Relations, Ignatius Baffour-Awuah, has stated that Social Security and National Insurance Trust (SSNIT) will change its policy and refrain from investing in non-profit social ventures. The aim is to protect the funds of contributors and ensure their financial security.

Concerns were raised by the Public Accounts Committee (PAC) after the 2021 Auditor General's report showed that 10 companies, including Metro Mass Transit and Kumasi Abattoir, had not paid dividends to SSNIT for the past decade.

PAC emphasized the need for SSNIT to manage funds effectively to ensure timely payment of members' benefits.

The Minister acknowledged the importance of good investments to maintain the value of contributions and assured that SSNIT's policy direction would prioritize profit-driven ventures, especially for companies like Metro Mass Transit and Kumasi Abattoir, which provide social services.

The Minister asserted that SSNIT's financing of social projects would undergo a policy decision review to ensure contributors' funds are utilized optimally and profitability is prioritized going forward.