The Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), Christopher Boadi-Mensah, has stated that pension assets under management in Ghana have increased significantly from about GH¢80 billion to GH¢108 billion since he assumed office.
According to him, the growth reflects strong leadership, sound strategy and improved management within the pensions sector.
Speaking on Asempa FM’s Ekosii Sen show, Mr. Boadi-Mensah said the Authority recorded about 26 per cent growth in pension assets in 2025.
“When I took over from the financial perspective in 2025, we grew by about 26 per cent. The assets under management were about GH¢79 billion and now we have about GH¢108 billion,” he stated.
He noted that his vision is to further increase pension assets to appreciable levels before the end of his tenure.
“These things require strategy and leadership to get there,” he said.
Mr. Boadi-Mensah explained that the growth in pension assets has been influenced by economic indicators, treasury bill rates, investment returns and contributions made by workers.
He, however, identified non-compliance by some employers, particularly regarding Tier Two pension contributions, as one of the major challenges facing the sector.
“Most of the time the challenge is employers who are not compliant, especially when it comes to Tier Two,” he explained.
According to him, the Authority is intensifying efforts to ensure compliance and improve public understanding of pension contributions.
“So we are bringing leadership into the place and trying to let people know our mandate is so important that we have to work,” he stated.
The NPRA CEO said management has recognised the need to prioritise employer compliance to ensure workers receive their full pension benefits.
“Management realised that employer compliance is very important, so we are looking at making sure people are actually paying,” he added.
Mr. Boadi-Mensah further disclosed that many workers are unaware of where Tier Two pension contributions should be paid after making payments to the Social Security and National Insurance Trust (SSNIT).
According to him, the Authority has therefore intensified education and sensitisation efforts targeted at employers and workers alike.
“We have realised that because of lack of education, a lot of people after paying SSNIT don’t know where to pay the Tier Two, so we have taken it upon ourselves to educate people, employers in particular,” he said.
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