2. 04/01/2016 PRESENTATION COVERAGE EXTENSION TO THE INFORMAL ECONOMY “GHANA’S EXPERIENCE” BY NTHC TRUSTEES LIMITED MANAGER’S OF THE SSNIT INFORMAL SECTOR FUND

3. 04/01/2016 CONTENT Background Information. Country Information. Informal Economy Market Market Structure. Challenges. Recommendations.

4. 04/01/2016 Background Information SISF established by SSNIT in May, 2005 NTHC Trustees Manager’s of the Fund In December 2008, The National Pensions 2008 (ACT 766) was gazetted. This is referred to as the Three-Tier Pension Scheme

5. 04/01/2016 What are the objectives of the New Pension Scheme? What are the objectives of the New Pension Scheme? For better fund management. To provide pension benefits that will ensure retirement income security for workers. To ensure that every worker receives retirement benefit on time. Investment income generated by the pension scheme in which contributions accumulated are tax exempt. Provision of Healthcare Premium for all Contributors.

6. 04/01/2016 Country Information Country Information  Stable democratic country since 1992  Real non-oil GDP growth for 2015 is forecast at 3.4%  Population estimated at 27.7 million  Working population is about 17.8 million  Dependant population is about 9.9 million

7. 04/01/2016 Informal Economy Informal Economy Origin of the informal Sector Structural adjustment programme in the mid 80’s Percentage of the working population

8. 04/01/2016 Market Structure 20% from the formal sector 80% from the informal Sector. Funds under management as at June, 2015 Ghana CedisUS DollarsNamibian $ GHS 72 MillionUSD 18.4 MillionN$ 233.6 Million

9. 04/01/2016 Challenges Challenges Cultural / Religious issues Politicized issues Past experiences with defunct institutions Economic situation. Decongestion exercise. Fire outbreaks. Growing numbers of our clientele base vi-sa-vi field staff strength

10. 04/01/2016 Recommendations Recommendations Management Commitment. Selecting the right personnel. Training programmes. Software

11. 04/01/2016 Thank you and God Bless you