The Social Security National Insurance Trust (SSNIT) has confirmed that the monthly salary cap for Tier 1 contributions has increased from GHC25 000 to GHC35 000.

This means that the maximum Tier 1 contribution made by both the employee and employer should be 13.5% X GHC35 000 = GHC4 725.

The review takes effect from 1 April 2021.

To ensure that your system is updated with the latest changes, please follow the instructions below to install the software.

Steps to download and install the new tax files: 

• Ensure your payroll system is on Release 5.6a/b
• Your payroll must be in a new pay period
• Click here to access the Downloads page
• Click on the Africa tab
• Download the tax file " Ghana SSNIT change: R56a/b (May 2021)"
• The file "Ghana_202105.zip" will be downloaded to the folder specific to your browser (usually Downloads)

Once the file has been downloaded to your computer:

• Locate the downloaded file Ghana_202105.zip, 
• Right-click on the file and select to open with Windows Explorer
• Click on Extract and select Extract all
• Select your payroll application system folder as destination to extract files, and click Extract
• When prompted to overwrite the files, say Yes

IMPORTANT NOTE: Users must do a general recalculation to ensure that the changes are applied. 

Should you require assistance, contact Sage via e-mail [email protected]