The National Pensions Regulatory Authority (NPRA) is urging stakeholders in the industry to enhance collaboration that would inure to the benefit of Ghanaian workers during retirement.

Bono, Bono East, and Ahafo Regions manager of the Authority, William Ohene Adjei, said it is only through effective collaboration that there would be a widening coverage and subsequently rope in more informal workers.

He said as part of the Authority’s 5-year strategic plan, they intend to work towards increasing pension coverage and pension income.

“It is only you (trustees and other stakeholders) and I (NPRA) that can make it possible. The Authority alone cannot do it, but when we all come together as one, through collaborations, we would be able to increase the coverage and growth too”, he said.

Mr. Ohene Adjei also indicated that the Authority is set to roll out some activities with stakeholders, including SSNIT and religious groups, geared towards increasing pension coverage, especially in the informal sector.

“We came out with an agenda to “catch them young” to imbibe pension ideas into the senior high students. We have met some schools and students, and have also had our median “youth in pension” awareness program”, he mentioned.

He revealed that the paramount chief of Goaso has agreed to collaborate with them on the awareness creation “to propagate pension education with the hope of getting about 40 percent of informal workers registered in the Ahafo Region”.

In Ghana, about 85 percent of the working population is in the informal sector, with just about 4 percent registered for pension schemes.

But to increase their focus areas, Mr. Ohene Adjei emphasized that successful plans in the Bono Region would be replicated in the Bono East and Ahafo Regions to register more people.

He made the remarks during the Authority’s end of year stakeholder engagement at Fiapre, near Sunyani.

Some of the participants came from PenTrust, Peoples Pension Trust, Metropolitan Pension Trust, Databank, and Glico Pensions.

Read More @My Joy Online