Former President John Dramani Mahama has pledged to establish a comprehensive pension scheme for workers in the informal sector should he win the upcoming general elections. This promise was made during the launch of the National Democratic Congress (NDC) manifesto, where Mahama outlined his vision to support the welfare of informal sector workers who have long been excluded from formal pension arrangements.
Addressing the gathering at the manifesto launch, Mahama highlighted the significance of the informal sector in Ghana’s economy. He emphasized that the majority of Ghanaian workers fall within this sector, yet they lack the financial security that formal sector employees enjoy through pension schemes. According to Mahama, this disparity is a critical issue that his administration plans to address comprehensively.
“The informal sector is the backbone of our economy, but these hardworking Ghanaians have been left out of the social protection framework for too long. Our plan is to create a pension scheme specifically designed for them, ensuring that they can retire with dignity and security,” Mahama stated.
The proposed pension scheme would cater to market women, artisans, farmers, small business owners, and other self-employed individuals who contribute significantly to the economy but do not have access to formal retirement benefits. Mahama assured that the scheme would be flexible and tailored to meet the unique needs of informal workers, allowing them to contribute according to their income levels.
This initiative is part of the broader social protection policies that the NDC intends to implement if elected. Mahama’s promise has been met with positive reactions from various informal sector groups, who have long advocated for such a policy. Many see it as a step towards greater inclusion and fairness in the country’s social security system.
The NDC’s manifesto, which was launched with much fanfare, also included other key promises such as improving healthcare, education, and infrastructure. However, the proposed pension scheme for informal sector workers has emerged as one of the standout pledges, resonating with many Ghanaians who feel overlooked by the current system.
As the election draws closer, Mahama’s promise is expected to be a major talking point, particularly among informal sector workers who are eager for a change that could secure their future. The NDC leader called on Ghanaians to support his vision and vote for a government that prioritizes the welfare of all citizens, regardless of their employment status.
The establishment of a pension scheme for the informal sector could mark a significant shift in Ghana’s social protection landscape, offering hope to millions who currently face an uncertain retirement.
