The Social Security and National Investment Trust has categorically denied claims by the opposition NPP that it has been �forced� to pay the debt of Mr. Ibrahim Mahama, junior brother of President Mahama.
According to SSNIT, it has nothing to do with the debt owed by Engineers and Planners, a company owned by Mr. Ibrahim Mahama.
The NPP at a recent press conference alleged that SSNIT, has been forced by the president to use funds belonging to Ghanaian workers to retire a GH�57.2 million debt owed by his brother.
According to the NPP, the bank at the time was being owed a total of GH�330 million debt, with Ibrahim Mahama being the largest debtor, making up 19.2% of total debt.
But SSNIT says records and other relevant documentations available at Merchant Bank Ghana clearly indicate that the debt has not been redeemed.
A statement issued by the management of SSNIT, said it is guided by corporate governance that will enable it sustain the pension scheme for future generations.
The statement further explained that �SSNIT will never relegate its collective responsibility of keeping the sustainability of the contributors� pension fund to the defrayment of independent debts contracted through an independent investee company like Merchant Bank�.
It expressed its commitment to the �provision of a superior mandatory basic first tier pension scheme to all its members when they fall due�.
It also assured the general public, workers and pensioners that it will do everything possible to protect their pension funds into the future.
<<Print>>