Financial Investment And its Issues

About this resource

A comprehensive BECE revision course that explores employment, employer–employee relationships, social security and Ghana’s three-tier pension scheme. Students learn the responsibilities of employers and employees, pension contribution requirements, retirement eligibility and pension calculations through clear explanations, practical examples, interactive activities and examination-style questions.

What you will be able to do

• By the end of this course, students should be able to:
• 1. Define employment, employer and employee accurately.
• 2. Explain the relationship between employers and employees.
• 3. Describe social security and the importance of pension schemes.
• 4. Identify the three tiers of Ghana's pension scheme.
• 5. Explain the roles of SSNIT and the National Pensions Regulatory Authority (NPRA).
• .

Contents

The course is organised into nine sections: 1. Employment, Employer and Employee – Key definitions, characteristics and relationships. 2. Social Security and Pensions – Meaning, purpose, administration and coverage. 3. The Three-Tier Pension Scheme – Structure, contribution rates and the National Pensions Act, 2008. 4. Duties of an Employer – Registration, contributions, deadlines, record keeping and penalties. 5. Duties of an Employee – Registration, monitoring contributions and fulfilling social security obligations. 6. Qualifying for a Pension – Contribution periods, retirement ages and eligibility requirements. 7. Why Social Security Matters – Benefits to workers, families and the nation. 8. Practical Application – Real-life scenarios, discussions, role-play and field activities. 9. BECE Revision and Assessment – Knowledge checks, examination-style questions, revision exercises and exam strategies.