Increase in GHS (GeSY) contributions from March 1, 2020

Increase in GHS (GeSY) contributions from March 1, 2020

M. Target would like to remind that as from March 1, 2020, the contribution rates to the GHS will increase as follows:

  • Each employee will contribute 2.65% of his salary and each employer will contribute 2.90% of the salary of each employee.
  • Each self-employed person will contribute 4% of his/her earnings.
  • Each pensioner, state official and any other person receiving an income will contribute 2.65% of his/her pension, earnings or income.
  • A State Fixed Fund will contribute 4.55% of the earnings and pensions of all beneficiaries.

Our specialists will be glad to assist you with any queries you may have in relation to the above.

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