• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home News General News 201708

SSNIT Is A Deception; We've Been Deceived For Years – Consultant

30-Aug-2017
/ General News, News
Email
Print
Comments 6
(6)
Comments
Share on Facebook Share on Twitter
 

The Social Security and National Insurance Trust (SSNIT) has lost over GHc20 billion of the taxpayers’ money in the past, and, so, the current $72 million software saga is “peanuts”, a financial consultant, Mr Cudjoe Akpabey, has said.

The Economic and Organised Crimes Office (EOCO) is currently investigating the $72 million software saga. There are concerns that the monies paid for the system have been overpriced, with ICT experts arguing that the cost for the application is outrageous.

The software system, which was undertaken in 2012, is, according to SSNIT, meant to provide customers with convenient services.

Reacting to the saga on Class91.3FM’s Executive Breakfast Show (EBS), Mr Cudjoe said SSNIT should be collapsed.

He told show host Moro Awudu: “I’m the one championing the collapse of SSNIT. Let me tell you this $72million we are talking about is peanuts. I led a team around the year 2000 – 2003 to investigate SSNIT and I will give you the companies and the monies that we’ve lost. In today’s money, it’s about GHc20billion plus several millions of dollars so this is not new.

“SSNIT is not an insurance scheme; it’s not a trust fund. It’s a deception, and we have all been deceived over the years that we have Social Security and National Insurance Trust, but there’s nothing like that. As a matter of fact we are all paying taxes but they tell us it is contribution.

“So all the discussions have been on this law and I have said at several places that let EOCO carry out its investigation , we have also done some in the past but the issue is, is SSNIT viable? No.”

Source: ClassFMonline.com

 

 
 

 

Comments ( 6 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Farms Recovering From Armyworm Invasion - MoFA

Next Post

Quaitoo’s Resignation Honourable – Rev. Asante

 
 

More Stories

Hajj Orientation Gathers Momentum
I’ll Support Tinubu On Nigeria’s Economic Growth, Security – Biden
7 Key Takeaways From Bola Tinubu’s Inaugural Speech
Uganda's President Approves Tough New Anti-Gay Law
Ignore ‘False’ Viral Video Of Ghana's Ambulance For Sale In Dubai - National Ambulance Service
Freddy Blay Dismisses 7% JOHL Shares Diversion Claims
Govt To Supply Textbook-Installed Laptops To SHSs — Dr Bawumia
Search Party Looks For 50 Missing Passengers After Boat Disaster
Power Of Contempt Necessary For Justice Delivery — CJ Nominee
Next Post

Quaitoo’s Resignation Honourable – Rev. Asante

  Local News

  • General News
  • Social
  • Health
  • Education
  • Religion
  • Technology
  • Crime & Justice
  • Travel/Tourism
  • Science/Environment


 
 

 

Other General News Stories

  • Hajj Orientation Gathers Momentum

  • I’ll Support Tinubu On Nigeria’s Economic Growth, Security – Biden

  • 7 Key Takeaways From Bola Tinubu’s Inaugural Speech

  • Uganda's President Approves Tough New Anti-Gay Law

  • Ignore ‘False’ Viral Video Of Ghana's Ambulance For Sale In Dubai - National Ambulance Service

  • Freddy Blay Dismisses 7% JOHL Shares Diversion Claims

  • Govt To Supply Textbook-Installed Laptops To SHSs — Dr Bawumia

  • Search Party Looks For 50 Missing Passengers After Boat Disaster

  • Power Of Contempt Necessary For Justice Delivery — CJ Nominee

  • Non-VAT Registered Importers To Pay 12.5% Upfront

 

 
 

Popular Videos

LATE NEWS DISCUSSION 26/05/23

UNITED SHOWBIZ WITH MZGEE 27/05/23

DAWURO 26/05/23

DAWURO 26/05/23

Kokrokoo Discussion Segment On Peace 104.3 FM (29/05/2023)

LATE NEWS DISCUSSION 26/05/23

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media