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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.

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