Ghana Federation of Labour Advocates for Increase in Retirement Age to 65

Accra, Ghana – The Ghana Federation of Labour (GFL) is pushing for a reconsideration of the retirement age, advocating for an increase from 60 to 65 years. Dr Abraham Koomson, the Executive Secretary of the Ghana Federation of Labour, emphasized the timeliness of this proposal, highlighting the potential for capable retirees to continue making valuable contributions to the workforce.

Dr Koomson stressed the importance of initiating a dialogue on extending the retirement age, citing examples of retirees who exhibited vigor and fitness. He proposed discussions with stakeholders and the government to explore the possibility of adjusting the retirement age and preventing the waste of valuable institutional memories.

Acknowledging the need for constitutional amendments to accommodate the proposed change, Dr Koomson recognized that it would require comprehensive discussions and engagement with the government. He emphasized the importance of engaging in discussions and exploring the possibility of amending the Constitution to allow individuals without health challenges to contribute meaningfully to the workforce beyond the current retirement age.

Dr Koomson also pointed out that judges in other sectors, such as the judiciary, are allowed to work until the age of 70, highlighting the potential for individuals without health challenges to continue contributing to the workforce.

The proposal for increasing the retirement age has sparked discussions about the potential impact on the labor force and the broader economy. Proponents argue that it could allow for the retention of valuable skills and experience, while opponents raise concerns about potential implications for unemployment rates and opportunities for younger workers.

While the proposal is still in the early stages, it has brought attention to the evolving dynamics of the labor force in Ghana and the potential need for policy adjustments to accommodate demographic changes and shifting retirement trends. As discussions continue, stakeholders will need to consider the potential implications and explore the feasibility of implementing changes to the retirement age.