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Employee Benefits in Ghana 2018

Employee Benefits in Ghana 2018

  • July 2018
  • 40 pages
  • ID: 5637882
  • Format: PDF
  • By GlobalData


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Employee Benefits in Ghana 2018

Ghana’s social security system covers the entire population, including employees and self-employed individuals.The provision of benefits depends on the contributions made by employers, insured employees and self-employed persons.

The Ghanaian social security system has a three-tier pension scheme which was introduced in 2009.The first tier is a mandatory social insurance scheme administered by the Social Security and National Insurance Trusts (SSNIT).

The second tier is a mandatory occupational pension scheme, which is privately managed, and the third tier is a voluntary, privately managed pension scheme funded through contributions from employers and employees.

The report provides in-depth industry analysis, information and insights of the employee benefits in Ghana, including: overview of the state and compulsory benefits in Ghana, detailed information about the private benefits in Ghana, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Ghana.

Key Highlights
- State benefits are granted by the government of Ghana to all employed, self-employed and unemployed persons and their dependents residing in the country.
- Private benefits are granted by employers to employees, over and above state and compulsory benefits.
- A new contributory three-tier pension scheme, under the National Pensions Act 2008, was implemented in 2010.
- State and compulsory benefits encompass a set of benefits such as old-age pension, death and long-term disability pensions, short-term sickness benefits, redundancy benefits, occupational accidents and diseases, maternity benefits, benefits in the case of medical emergencies, fair treatment and compensation.

- This report provides a detailed analysis of employee benefits in Ghana.
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Ghana.

Reasons to buy
- Make strategic decisions using in-depth information related to employee benefits in Ghana.
- Assess Ghanaian employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Ghana.
- Gain insights into key organizations governing Ghanaian employee benefits, and their impact on companies.

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