Ghana. Informal sector players to enroll on pension schemes
Some financial institutions have begun moves aimed at getting more workers in the informal sector to enroll on pension schemes.
According to some reports, about 70 percent of Ghana’s working force that fall under the informal sector do not have any pension scheme.
In an interview with Citi Business News, the Chief Executive Officer of Old Mutual Ghana, George Kojo Addison said talks have begun with associations in the informal sector to increase their interest in pensions as well as get them to enroll on available pension schemes.
“We also have informal sector experiences so what we are going to do is to engage associations like the fisher folks, the farmers and the traders so by engaging them you have access to all their members and we have products and services available for the informal sector as well so that is our approach,” he noted.
Mr. Addison made these comments at the sidelines of the launch of the Old Mutual Pension Trust Ghana.
Old Mutual Ghana recently launched the Old Mutual Pension Trust Ghana.
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