Ghana Archives - Page 15 of 15 - Pension Policy International

10AprApril 10, 2019

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....

April 10, 2019

News, Slider2019, Ghana

02AprApril 2, 2019

Ghana. FinTechs look to regulator to make Digital Pensions Market more attractive

The Chief Executive Officer (CEO) of IT Consortium Limited, Mr. Romeo Bugyei, has called for closer collaboration between government, regulatory bodies and FinTechs in Ghana to push informal pensions to citizens. He indicated that in order to achieve successful financial inclusion in the county, FinTechs must be supported to enable them efficiently deliver Digital Financial Services (DFS) to Ghanaians. He made this call at a stakeholder forum co-hosted by the Ghana Technology Chamber and the Ghana Chamber...

April 2, 2019

News, Slider2019, Ghana

08NovNovember 8, 2018

Leveraging the Pensions Fund to Promote Mortgage Activities in Ghana.

Ghana’s housing deficit is currently hovering above 1.7 million units. This means the country will require about 700,000 units of houses annually to meet this demand and thus requiring an investment of about $52 billion over a 10 year period. A myriad of factors account for the above mentioned deficit, some of these include; the lack of project continuity resulting from change in governments, rural urban migration, population growth, high cost of mortgage financing etc. On the flip side however,...

November 8, 2018

News, Slider2018, Ghana

17SepSeptember 17, 2018

Pensions and living with your kids

By Markus Goldstein When a government implements a policy, there is often a question about how it will interact and/or displace existing informal practices. For example, awhile back there was a lot of discussion around how government provided insurance would displace (or not) informal risk sharing arrangements that may have been doing a good job of protecting some people from risk. But it’s hard to address this kind of question deeply in a randomized control trial. A lot of the informal...

September 17, 2018

Articles, Labor Market, Pension design2018, Ghana, Indonesia, Public Policy

20FebFebruary 20, 2018

Ghana. Private pension funds hit GH¢9.7bn; expert wants funds used for prudent investments

Private pension funds have maintained their strong growth over the years, reaching a record high of GH¢9.7billion in 2017, from the previous year’s GH¢6.8billion. Data from the sector regulator, the National Pensions Regulatory Authority (NPRA), show that 9.2 billion of the 9.7 billion was accrued from Assets Under Management (AUM) managed by licenced trustees, while some GH¢0.5billion came from the Temporary Pension Fund Account (TPFA). Last year’s figure, which is over 4.5 percent of the country’s Gross Domestic Product (GDP), represents...

February 20, 2018

News, SliderGhana

19FebFebruary 19, 2018

Improving the Targeting of Social Programs in Ghana

By Quentin Wodon This study provides a diagnostic of the benefit incidence and targeting performance of a large number of social programs in Ghana. Both broad-based programs (such as spending for education and health, and subsidies for food, oil-related products and electricity) as well as targetd programs (such as LEAP, the indigent exemption under the NHIS, school lunches and uniforms, or fertilizer subsidies) are considered. In addition, the study provides tools and recommendations for better targeting of those programs in...

February 19, 2018

Books, System SustainabilityGhana, Public Policy, Social Protection, Social Security

30AugAugust 30, 2017

Ghana. SSNIT’s investment strategies must change now – Bright Simons

Vice President of IMANI Africa, Bright Simons, is advising Social Security and National Insurance Trust (SSNIT) to urgently change its investment strategies it is to see a turnaround from its current bleak standing. Speaking on Eyewitness News, Mr. Simons noted that about half of the money SSNIT has invested is generating negative returns. “When you look at how much SSNIT invests and the mechanisms through which it invests, you have to start becoming very worried. No wonder SSNIT itself says that...

August 30, 2017

News, SliderGhana

06JulJuly 6, 2017

Ghana. Government should address Tier Two Pension issues – Forum

The forum for Public Sector Registered Pension Schemes has given the Government up to the end of July to resolve outstanding issues regarding the Tier Two Pension Scheme. Mr Isaac Bampoe Addo, the Chairman of the forum, at a news conference in Accra, said since 2010 when the scheme commenced, goverment had about 80 months' arrears of their five per cent monthly deductions to be paid to their respective custodian fund managers. The forum the Government should transfer all contributions deducted...

July 6, 2017

News, SliderGhana

19AprApril 19, 2017

NPRA baits informal workers

The National Pensions Regulatory Authority (NPRA) has slashed the registration fee for corporate trustees wishing to operate in the informal sector from GH¢5,000 to GH¢1,000, as part of measures aimed at enticing more trustees to rope non-formal workers into the pension scheme. The authority has also reduced the individual trustee informal sector licensing fee from GH¢5,000 to GH¢500. The measures, which took immediate effect, are expected to help encourage high participation of corporate trustees in the informal sector. The reduction in the...

April 19, 2017

NewsGhana

29MarMarch 29, 2017

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...

March 29, 2017

NewsGhana

April 2019

Ghana. NPRA To Unify Pension Schemes By 2021—Wireko Brobbey

Ghana. FinTechs look to regulator to make Digital Pensions Market more attractive

November 2018

Leveraging the Pensions Fund to Promote Mortgage Activities in Ghana.

September 2018

Pensions and living with your kids

February 2018

Ghana. Private pension funds hit GH¢9.7bn; expert wants funds used for prudent investments

August 2017

Ghana. SSNIT’s investment strategies must change now – Bright Simons

July 2017

Ghana. Government should address Tier Two Pension issues – Forum

April 2017

NPRA baits informal workers

March 2017

Ghana. Informal sector players to enroll on pension schemes