September 2025
29Sep

Ghana. NPRA to roll out basic pensions education in schools

The National Pensions Regulatory Authority (NPRA) has announced plans to introduce basic pensions education at tertiary, secondary, and vocational institutions as part of efforts to enhance financial literacy and expand pension coverage in Ghana. During a courtesy call on the Minister of Education, the Chief Executive Officer (CEO) of NPRA, Chris Boadi-Mensah, acknowledged the minister’s personal contributions to the growth of NPRA and the pensions industry during his tenure as Minister of Employment and Labour Relations, especially establishing NPRA’s Tamale...

September 29, 2025
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24Sep

Leveraging pension funds as an alternative source for climate funding in Ghana

Ghana can unlock a transformative source of climate finance by strategically channelling part of its growing pension fund assets into climate-aligned investments. With pension assets reaching GH¢86.23 billion as of 2024, the country has significant untapped potential to bridge climate financing gaps. Directed deployment of this capital into renewable energy, sustainable agriculture, and resilient infrastructure, enabled under existing NPRA and SEC guidelines, offers a scalable pathway to accelerate progress toward national climate commitments, deliver on the Sustainable Development Goals (SDGs),...

September 24, 2025
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22Sep

Ghana Unlocks Pension Assets for Economic Transformation

Ghana’s ambitious 24-Hour Economy initiative has secured a groundbreaking partnership with the country’s largest pension fund to channel retirement savings into infrastructure development and small business financing, addressing the program’s estimated $4 billion funding gap through domestic capital mobilization. With domestic pension assets projected to reach GHC 100 billion (≈$8.3 billion) by 2025, the government signed a memorandum of understanding with Petra Trust Company Limited, Ghana’s leading corporate pension trustee, to invest retirement funds through Ghana Infrastructure Investment Fund (GIIF)...

September 22, 2025
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10Sep

Ghana. Retired Officials Face Scrutiny Over Dual Salary Entitlements

Ghana grapples with constitutional questions as debate intensifies over whether retired public officers should receive full compensation when appointed to new positions, potentially earning combined monthly payments exceeding ₵115,000. The controversy centers on retired Chief Justices who collect ₵65,000 monthly pensions while earning ₵50,000 as Council of State members, creating what critics call an unsustainable fiscal burden during economic uncertainty. U.S.-based legal scholar Professor Stephen Kwaku Asare has emerged as a prominent voice challenging the practice. The academic has questioned why...

September 10, 2025
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August 2025
22Aug

The Causal Influence of Pension on the Participation of Older Workers in the Ghanaian Labour Market

By George Domfe, Kwadwo Opoku & Antoinette Tsiboe-Darko Population ageing has stirred up policy discourse on pension coverage in developing economies. While in most of these countries, a smaller proportion of older persons receive pensions in the form of regular payments from the state, a considerable proportion of them engage in active work to maintain their livelihood. These descriptions are typically true of Ghana. However, it remains unclear in the Ghanaian literature whether the absence of a pension is a...

August 22, 2025
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13Aug

Ghana’s pension fund assets grow by 39.5% in 2024

The 2024 Financial Sector Report on pension activities has revealed that Ghana’s pension fund assets increased by 39.5% in 2024 compared to the previous year. This growth brought the total value of pension fund assets to a record GH¢86.23 billion in 2024, up from GH¢61.8 billion in 2023. The report attributed the increase to stricter enforcement against employers defaulting on mandatory contributions, higher enrolment, partial government repayment of arrears, and favourable investment returns. Private pension schemes, comprising Tier 2 and Tier 3,...

August 13, 2025
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12Aug

Ghana. Pensions Regulatory Authority urges churches to own tier three pensions, register members

Dr Williams Ohene-Adjei, the Bono, Bono East, and Ahafo Regional Manager of the National Pensions Regulatory Authority (NPRA), urged churches to own the Tier Three Pension and register their congregations under the scheme to guarantee their future financial security. He explained that every individual working in the informal sector could register, join, contribute to and benefit from the tier three pension scheme. He asked the churches to set aside some of the dues paid by members and contribute to the pension...

August 12, 2025
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July 2025
31Jul

Ghana. SSNIT’s strategic investments stabilise economy

The Social Security and National Insurance Trust (SSNIT) has invested GH¢2.42 billion in the country’s financial services sector. The fund currently holds shares in 22 of the 36 companies listed on the Ghana Stock Exchange, thereby playing a stabilising role in the economy. SSNIT’s current investment in Information and Communications Technology (ICT) companies stands at over $500 million, making it the largest institutional investor in the country’s telecommunications sector. The Director-General (D-G) of SSNIT, Kwesi Afreh Biney, who made this known in...

July 31, 2025
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29Jul

Ghana’s Social Security @ 60: Vice President urges broader coverage for informal sector

Vice President Professor Naana Jane Opoku-Agyemang has called on the Social Security and National Insurance Trust (SSNIT) to extend pension coverage to informal sector workers and the self-employed. Speaking, Monday, at the launch of the 60th Anniversary Celebration of the inception of a national social security scheme in Ghana, the Vice President commended stakeholders for its transformation from a provident fund, in 1965, into a three-tier pension scheme. She, however, urged management and staff to do more to ensure inclusivity. The Vice...

July 29, 2025
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03Jul

Ghana. Eleven-member board for National Pensions Regulatory Authority inaugurated

Mr Rashid Pelpuo, the Minister of Labour, Jobs and Employment has inaugurated the new governing board of the National Pensions Regulatory Authority (NPRA) with the charge to accelerate the expansion of pension coverage to the informal sector. He said the informal sector held a significant share of Ghana’s working population and untapped pension contributors hence innovative policies and tailored products must be developed to harness and protect their hard-earned savings. Mr Pelpuo said their appointment came at a time when Ghana’s...

July 3, 2025
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