President John Mahama has outlined plans to automate the operations of the National Pensions Regulatory Authority (NPRA) in a bid to improve efficiency, transparency, and regulation of the nation’s growing pension fund assets.
The announcement was made during the State of the Nation Address delivered to Parliament on February 27, 2025.
“This year, the NPRA will fully automate its internal operations, and the pension industry will be regulated. This is critical to safeguarding the growing pension fund assets,” President Mahama stated.
In addition to automation, the government is focusing on pension inclusion for informal sector workers, who make up the majority of the workforce in Ghana.
To address the low pension coverage in the informal sector, which currently stands at just 11%, the government will launch an Informal Sector Pension Inclusion Initiative.
This initiative aims to encourage participation in micro pension schemes among self-employed individuals, traders, artisans, and other informal workers.
President Mahama also emphasized the government’s commitment to maintaining strict fiduciary responsibility over both the NPRA and the Social Security and National Insurance Trust (SSNIT).
“We will maintain strict fiduciary responsibility for the operations of the NPRA and SSNIT,” he assured.
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