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Our Quest Is To Improve Informal Pension Coverage In Ghana – NPRA | General News

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The National Pensions Regulatory Authority (NPRA) as part of its quest to improve informal pension coverage in Ghana and also ensure holistic pension literacy among the populace, is organising its third National Pensions Awareness Week.

The move is to educate and sensitise both formal and informal sector workers on pension matters.

As part of the week’s celebrations, the Authority seeks to organise a Fair on Pensions from Monday, 23rd October to Wednesday 25th October 2023 at the Forecourt of the Accra Metropolitan Assembly each day.

All Pension Scheme providers among other stakeholders are showcasing their pension products and services to the general public to explain and encourage all workers to enrol on pension schemes.

Those already on pension schemes will be guided to enhance their pension benefits when they retire to help alleviate old-age poverty.

The Minister for Employment, Labour Relations and Pensions, Honourable Ignatius Baffour Awuah will open the fair on Monday and will be organised alongside symposia to provide pension knowledge to participants. Participation is free.

The fair which is under the theme, “My Pension; My Future” is expected to provide a platform for identifiable groups like the Driver Unions, Market Women, Ghana Hairdressers and Beauticians Association Tailors and Dressmakers Association, Ghana Hoteliers Association, the Ghana Enterprise Agency and other Individual self-employed to formulate pension schemes for members.

The NPRA places high importance on pensions for all Ghanaians. Pension provision has now become a human rights issue under the United Nations Convention. Pension Schemes have now become the necessary substitute as an old-age security system for the aged, and also as a modern mechanism to provide retirement income to the aged for maintenance of their standard of living.

The self-employed and all employees are encouraged to take advantage of this event to ensure their retirement income security.

Source: Prince Baffour Asamoah/Peace FM Newsroom



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