Ghana. Pensions regulator to ensure about 11m informal sector workers have pension schemes – CEO
The National Pensions Regulatory Authority (NPRA) has said that it is working on new policies to ensure that the more than 10 million workers in the informal sector are able to access a pension scheme.
The current three-tier pension system does not favour the informal sector in that most workers do not have a regular source income like salaries which is a major factor that inhibits their contribution to a pension scheme.
Thus, workers in the informal sector and their respective households are always in danger of not saving towards pensions throughout their productive lives.
But with initiatives such as micro pensions, which is a relatively new concept, informal sector workers can easily access pension schemes where they can make their contributions via mobile money among other benefits.
In an interview with Citi Business News, Chief Executive Officer of the National Pensions Regulatory Authority, Hayford Atta Krufi said the Authority is currently working on a pension scheme for cocoa farmers which will be replicated for other identifiable occupational groups in the informal sector.
Read more @Mobile Ghana Web
