Ghana. NPRA To Unify Pension Schemes By 2021—Wireko Brobbey
The National Pensions Regulatory Authority (NPRA) is expected to unify Ghana’s fragmented pension scheme regime by the year 2021, a Deputy Minister for Employment and Labour Relations, Bright Wireko Brobbey has disclosed.
According to him, Cabinet has already given the approval for the development of a roadmap aimed at unifying all pension schemes which is expected to be completed by 2021.
Currently, the consultation process which involves wider stakeholders is ongoing before it fully takes off with the unification.
The National Pensions Act (766), passed in 2008, stipulates that all parallel pension schemes be unified and brought under the three-tier system but these provisions have not been implemented.
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