The National Pensions Regulatory Authority (NPRA) on Thursday 20th October, 2016 opened its second zonal office in Tamale after the first one in Kumasi at the beginning of the year. Prior to the opening of the Zonal Office, the Authority on Tuesday, 18th October, 2016 sensitized over 250 informal sector workers in a forum on how they can participate in the 3-Tier pension scheme.
The Tamale Zonal Office is expected to take care of the three northern regions, including Northern, Upper East and Upper West Regions.
In a speech read by the Board Chairman of the Authority, he indicated that the opening of the Tamale Office demonstrated the Authority’s quest and efforts to decentralize its activities and to create awareness and bring pensions administration closer to workers and its stakeholders.
He said though there were difficulties and challenges, with the cooperation of all stakeholders, the Authority can build a robust pension industry in Ghana such that no retiree will lead the life of a destitute.
He assured all stakeholders that NPRA is dedicated to protect and safeguard pension funds and that NPRA is putting in place proper structures to secure the pensions funds for all contributors.
The Hon. Deputy Minister of Employment and Labour Relations, Hon. Baba Jamal, commended the Authority for the effort in opening the Tamale Zonal Office.
He however, cautioned the Authority to be vigilant and not hesitate to crack the whip on any service provider who go contrary to the rules and regulations of the schemes and the directives of the Authority.
He urged the Authority to build a strong regulatory body that will protect the huge pension funds that will be in the hands of the private pension managers in the few years to come.The Chief Executive Officer of the Authority, Mr. Kofi Anokye Owusu-Darko in an interview after the opening encouraged the informal sector workers to take advantage of the 3rd –Tier Voluntary Provident Fund and the Personal Pension Scheme to secure income for their old age.