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Inside FEB <strong>16</strong>, 2018 .qxp_Layout 1 2/15/18 8:05 PM Page 8<br />
WWW.DAILYHERITAGE.COM.GH<br />
DAILY HERITAGE FRIDAY, FEBRUARY <strong>16</strong>, 2018 11<br />
Politics<br />
“There are greater things to be achieved in<br />
every new year, and each and everyone must<br />
prepare themselves to be great, not by words of<br />
the mouth, but by a lot of sacrifices.”<br />
— Michael Bassey Johnson<br />
Ghana retires @60<br />
GHANA IS now<br />
60 and attained<br />
its own retirement<br />
age on<br />
March 6, 2017.<br />
She would have<br />
received a letter indicating she<br />
was to retire about six months<br />
ago and would have gone<br />
through Social Security and National<br />
Insurance Trust (SSNIT)<br />
processes to begin the working<br />
out of Ghana's Pension.<br />
We are by this assuming that<br />
Ghana@60 worked for the Civil<br />
Service or Public Service or for a<br />
dutifully respectful private company<br />
that paid its employees<br />
contributions.<br />
If Ghana@60 was self-employed<br />
and did not make contributions<br />
for pension then it will<br />
be assumed she has saved<br />
enough to look after herself or<br />
still has a profitable business that<br />
will continue to look after her.<br />
Anecdotal evidence points to<br />
the fact that many persons who<br />
have served their country diligently<br />
for between 35 and 40<br />
years and therefore eligible for<br />
full pension have obtained sums<br />
of money that cannot look after<br />
them for more than a week. For<br />
some others, it can only serve<br />
them for a few days.<br />
Social Security and<br />
National Insurance Trust<br />
All that period however, they<br />
diligently paid into Social Security<br />
and National Insurance<br />
Trust their contributions or it<br />
was the responsibility of their<br />
employer in most instances the<br />
Ghana government to do that.<br />
How faithfully that was done will<br />
forever be one of the internal<br />
wranglings between SSNIT and<br />
Government but that is not the<br />
basis of this article.<br />
One is even assuming that<br />
some way somehow, Ghana@60<br />
managed to acquire land and<br />
struggled over the better part of<br />
20 years to put up a three- bedroom<br />
house still not fully completed<br />
to taste but habitable. The<br />
struggle had not only been in<br />
looking for money but also dealing<br />
with itinerant artisans who<br />
inflate prices at will and buy<br />
cheaper products but at the same<br />
prices as good and durable materials.<br />
If Ghana@60 was still in<br />
rentable accommodation then<br />
the situation will be worse.<br />
The amount of money paid<br />
to pensioners is so pathetic.<br />
Anywhere else the Government<br />
who decides on how much to<br />
pay workers, the salaries, on<br />
which pensions are calculated<br />
will take responsibility and make<br />
an effort to address the poverty<br />
among pensioners. Yet through a<br />
liberal, free market driven economy,<br />
Government has taken the<br />
decision, not to influence prices<br />
of goods and services and leave<br />
pensioners to be hanged out dry.<br />
A double whammy against the<br />
Ghanaian pensioner.<br />
There has been no study assessing<br />
how much it costs for<br />
any Ghanaian adult to live in<br />
Ghana but a back of the envelope<br />
calculation for a single adult<br />
will require GH¢20.00 per day<br />
just for basic upkeep, food and<br />
water only. It does not include<br />
rent, clothing, paying for utilities,<br />
cost of healthcare and even the<br />
most basic social activity.<br />
Minimum daily wage<br />
How is it that the Tripartite<br />
Committee of Government,<br />
Employers and Workers represented<br />
by the Trades Union<br />
Congress can agree on the minimum<br />
daily wage of GH¢8.00<br />
equivalent to GH¢1.00 per hour<br />
for the eight-hour day. A Ghanaian<br />
works under the blazing hot<br />
sun for an hour and can only<br />
buy a small ball of kenkey with<br />
the earned wage. What happened<br />
to a living wage? Ghanaian<br />
workers are made to suffer<br />
throughout their lives and yet<br />
this sacrifice is not universal.<br />
Others have made it their prerogative<br />
to feed fat on the national<br />
cake and get away with it.<br />
The National Service Scheme<br />
scam is all but forgotten. The<br />
national cake or pie which represents<br />
the Ghanaian economy is<br />
not being grown with any degree<br />
of seriousness to ensure that<br />
everyone gets enough to keep<br />
body and soul together.<br />
Life after pension<br />
Many Ghanaian pensioners<br />
do not survive more than five<br />
•Prof. Agyeman Badu Akosa, author<br />
years post-retirement. Many are<br />
dead from poverty and misery<br />
and this includes middle class<br />
persons, yet elsewhere pensioners<br />
have become the new group<br />
to be wooed.<br />
Most of them through flexible<br />
home mortgages are able to<br />
acquire their homes early in their<br />
careers and finish paying for the<br />
house before they are 55 or 60<br />
years old. By the time they retire<br />
Backyard farming or gardening of organically grown vegetables<br />
is a good start, rearing chickens for eggs and poultry meat,<br />
ducks, turkey and keeping small ruminants of goats and sheep,<br />
and free range pigs can create an integrated farm. The goats,<br />
sheep, pigs and poultry manure will help to fertilise the soil for<br />
the organically grown vegetables.<br />
they would have finished educating<br />
their children who are ready<br />
to leave the house to start their<br />
own lives.<br />
The parents downsize their<br />
home from a three or four-bedroom<br />
to a two-bedroom house<br />
when their children fly the nest<br />
and invest the remainder of the<br />
equity from which they can get<br />
another income in addition to<br />
their work and state pensions.<br />
They have spare cash and many<br />
live a content life.<br />
Sadly this cannot be said of<br />
the Ghanaian worker. Welcome<br />
to mother Ghana on your sixtieth<br />
birthday. How long you will<br />
survive depends on what new<br />
strategies are put in place for<br />
your benefit?<br />
Ghanaian senior citizen<br />
Who speaks for the Ghanaian<br />
senior citizen? Being invited to a<br />
lunch on Independence Day is<br />
not enough. Pensioners in<br />
Ghana must have a loud single<br />
voice to articulate their concerns<br />
but most especially each must<br />
adopt a hobby which can be<br />
translated into a business to earn<br />
extra money post-retirement.<br />
Many have taken this up to their<br />
eternal happiness. Many can also<br />
jump into the fray.<br />
Backyard farming or gardening<br />
of organically grown vegetables<br />
is a good start, rearing<br />
chickens for eggs and poultry<br />
meat, ducks, turkey and keeping<br />
small ruminants of goats and<br />
sheep, and free range pigs can<br />
create an integrated farm. The<br />
goats, sheep, pigs and poultry<br />
manure will help to fertilise the<br />
soil for the organically grown<br />
vegetables.<br />
What is troubling is that lawmakers,<br />
parliamentarians in<br />
Ghana and the political appointees,<br />
do not pay SSNIT contributions<br />
and yet are the ones<br />
who together with the Board of<br />
SSNIT decide on how much<br />
pensioners must be paid. SSNIT<br />
pays its staff very well but are<br />
unable to invest pension funds<br />
in such a way as to create an<br />
equalisation with the cost of living<br />
in Ghana. Why should politicians<br />
not contribute to the<br />
nation's pension fund? Celebrations<br />
of Ghana's diamond jubilee<br />
must attempt to answer.