THE National Pensions Regulatory Authority (NPRA) has announced plans to roll out a comprehensive pension digital platform aimed at significantly increasing pension coverage among informal sector workers across the country.

The initiative forms part of a broader policy direction by the Authority to introduce targeted incentives that will encourage workers in the informal economy to enrol onto personal pension schemes and secure their retirement income.

Speaking at a media engagement in Accra, the Deputy Chief Executive Officer of the NPRA, Mr Victor Azuma Mejida, disclosed that only 1.2 million informal sector workers, representing about 16 per cent, were currently enrolled in pension schemes, a situation he described as inadequate.

He explained that the Authority had developed a policy framework tailored specifically to the informal sector, including the introduction of a special-purpose pension scheme with attractive incentives to drive participation.

In addition, he said, the forthcoming pension digital ecosystem would simplify the process of registration and contribution payments for both formal and informal sector workers, thereby removing barriers that had historically limited participation.

“We have made significant progress and will soon launch the platform to commence implementation. We are optimistic that this initiative will greatly improve pension coverage, particularly among informal sector workers,” he stated.

Mr Mejida emphasised that the informal sector remained the largest segment of Ghana’s workforce, yet its participation in pension schemes continued to lag behind due to limited awareness, irregular income patterns and the absence of flexible, tailored pension products.

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