Ghana. NPRA raises alarm bells – Only 6% informal sector workers on pension scheme
Only about 600,000 out of an estimated 10.2 million workers in the informal sector are currently enrolled on at least a pension scheme, the Chief Executive Officer (CEO) of the National Pensions Regulatory Authority (NPRA), Mr Hayford Attah Krufi, has disclosed.
He said the figure represented just six per cent of all informal sector workers who form 85 per cent of the country’s entire active labour population.
“As a regulatory authority, we are worried that only six per cent of workers in the informal sector are on one pension scheme or another,” he said, adding that “per the current numbers, the future is, indeed, very bleak for a significant number of informal sector workers”.
Some workers in the informal sector have, however, called on corporate trustees and fund managers of such pension funds to be visible in the smaller towns and communities to enable them (workers) to access the services of fund managers.
Pensions week
Mr Krufi was speaking at a public lecture as part of the National Pension Week celebration at the Jophus Anamuah-Mensah Conference Centre of the University of Education, Winneba (UEW).
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