Assessment of the informal sector social security and national insurance trust (SSNIT) scheme contribution among artisanal workers in Kasoa

Abstract

This study investigates artisanal workers' participation in the SSNIT Informal Sector Fund (SISF) and other pension plans in Kasoa, focusing on critical factors influencing subscription, plan evaluation, and barriers to access. Data analysis from Chapter 4 reveals that a significant majority (86%) of surveyed artisans are not subscribed to SISF, yet among subscribers, a notable proportion (85.71%) have enrolled within the last 3 to 5 years. Evaluation of pension plans reveals disparities across demographic factors, with gender, age, and occupation influencing subscription rates. Females and certain occupations, like businessmen/women and traders, exhibit higher participation rates. Regression analysis underscores the impact of knowledge about SISF and socio-economic, financial, and geographical access on subscription decisions, advocating for enhanced awareness and accessibility measures. Chi-Square Test results highlight associations between socio-economic, financial, and geographical access and subscription rates, emphasizing the need to address barriers related to income, education, and geographic accessibility to promote pension scheme participation among artisanal workers.