The Social Security and Housing Finance Corporation (SSHFC) has once again demonstrated strong institutional performance, qualifying for a one-month performance bonus for its entire staff under the national framework for state-owned enterprises.
The achievement was announced after the State-Owned Enterprises Commission completed its assessment for the 2025 financial year, awarding SSHFC an overall positive performance rating. The result marks another milestone in the Corporation’s ongoing transformation under the leadership of Managing Director Saloum Malang and the guidance of the SSHFC Board.
Financial records show impressive growth over the past three years. Total income surged from over D401 million in 2023 to more than D1.04 billion in 2025, while total assets rose from D8.54 billion to nearly D11 billion in the same period. Members’ funds, a key indicator of the Corporation’s long-term strength, increased substantially from D8.33 billion to D10.11 billion.
In 2025, SSHFC declared D246.5 million in interest to its members — a significant jump from the previous year. The Corporation also recorded notable improvements in mortgage repayment collections and contribution inflows, signaling better compliance and operational efficiency.
Governance standards remained high, with timely submission of financial reports and clean audited accounts across all funds.
Management expressed gratitude to the Government of The Gambia, the Board of Directors, staff, employers, contributors, pensioners, and development partners for their sustained support.
“We remain committed to delivering excellent social security and housing finance services, enhancing customer experience, and creating sustainable value for all Gambians,” a statement from SSHFC said.
The latest performance bonus and financial results underscore SSHFC’s growing role as a stable and impactful institution driving national development in social protection and housing finance.
