NPRA to collaborate with Corporate Trustees to ensure growth of pension industry

Managements of the National Pensions Regulatory Authority (NPRA) and the Chamber of Corporate Trustees (CCT) have agreed to collaborate in the area of mobilization, education and sensitisation to facilitate the growth and sustainability of the pension industry in Ghana.

At a meeting in Accra to strategise on improving working relationships to enhance the advancement of the pensions industry in Ghana, the two institutions plan to work together to expand pensions coverage in the informal sector through regular interaction and dialogue

The Chamber of Corporate Trustees of Ghana is the umbrella organisation representing licensed Corporate Trustees in Ghana. It is an autonomous, non-governmental representative body, the Chamber is the central advocacy platform of the private pensions sector of Ghana. It also serves as the hub for sector-wide communication, corporate networking, legislative, advocacy, and capacity building. Knowledge dissemination and policy advocacy in Ghana.

The Chief Executive Officer of the NPRA, Mr Hayford Attah Krufi, expressed the need for the two institutions to deepen collaboration to ensure the growth of the pensions industry. He said the Corporate Trustees are key stakeholders in the industry and called on the Chamber to ensure capacity building for members.

He praised some members of the Chamber for their involvement in the recent National Outreach on Pensions Sensitisation at Dambai in the Oti Region and called on others to up their game to help reach as many as possible Ghanaians who are not on pensions schemes to help enrol them unto pensions schemes.

The President of the Governing Council of the Chamber, Mr Jeo Ampofo noted the Chamber is o conscious of the role of Pensions in the promotion of economic development in the country and will work towards that. He said the Chamber deems Pensions as a tool for social intervention programs through the mobilization of long-term retirement savings.to secure satisfactory retirement income for Ghanaians