The Chief Executive Officer of the National Pensions Regulatory Authority, Mr. Christopher Boadi-Mensah, held a pivotal stakeholder engagement on February 9, 2025, at the NPRA Boardroom. The meeting brought together pension managers, fund managers, and custodians to discuss the future of Ghana’s pension sector. In his address, the CEO underscored the importance of a robust and inclusive pension system that caters not only to formal sector employees but also to the millions of self-employed individuals in the informal sector. He emphasized the need for innovative micro-pension schemes and digital solutions to expand coverage and ensure financial security for all Ghanaians.
Key discussions centered on enhancing pension fund performance, strengthening compliance, and restoring public confidence in the system. The CEO acknowledged the challenges posed by economic fluctuations, including inflation and debt restructuring, and called for stronger governance and transparency in fund management. He stressed the urgency of addressing delays in benefit payments and improving employer compliance, noting that trust in the pension system is crucial for its sustainability. Industry leaders at the meeting shared insights on regulatory improvements, investment strategies, and policy adjustments needed to secure pension funds against economic uncertainties.
In a call to action, the NPRA CEO reaffirmed the Authority’s commitment to a hands-on, collaborative approach in policy implementation and regulatory oversight. He assured stakeholders that the NPRA would not be a passive regulator but an active partner in driving reforms that benefit both industry players and pension contributors. “This is not just about policies; it’s about people’s lives,” he stated, urging all stakeholders to work together in building a pension system that guarantees financial dignity in retirement. The engagement marked a significant step toward a more resilient and inclusive pension framework for Ghana.
