News

July 3, 2026

Pensions to Improve as Economy Recovers- President Mahama

President John Dramani Mahama has pledged that as the economy improves, Government will improve not only wages and salaries for the active workforce but also pensions for retirees who have served the nation.

The President made the pledge while addressing this year’s Republic Day Senior Citizens’ Luncheon, an annual event held to honour the wisdom, resilience and patriotism of Ghana’s elderly population.

He said Government remained committed to restoring economic stability, creating jobs, expanding opportunities for the youth, strengthening healthcare, improving education, modernising agriculture and accelerating industrial transformation.

President Mahama said the 24-Hour Economy and Accelerated Export Development Programme were laying the foundation for sustained economic growth that creates opportunities across every region of the country, adding that Government was investing in skills, technology, manufacturing and value addition to build a nation that produces and exports more.

“We are investing in growing the economy, and I pledge to our senior citizens that as the economy improves, we will improve not only wages and salaries for the active working population, but also pensions for those who have sacrificed tirelessly for our dear nation, Ghana,” he said.

He said these efforts were being pursued alongside stronger democratic institutions, greater accountability and prudent management of public resources for the benefit of both present and future generations.

The President also announced that the Ghana Medical Trust Fund, known as MahamaCares, had been established to support senior citizens dealing with non-communicable and age-related diseases, and urged the elderly to take advantage of the initiative.

He said Government remained committed to improving social protection systems and strengthening healthcare services to ensure older Ghanaians could age with dignity and peace of mind, describing dignity, security, accessible healthcare and social protection as things senior citizens deserved above all else.

Richard Aniagyei, ISD