1 month ago
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The Chief Executive Officer (CEO) of the National Pensions Regulatory Authority (NPRA), Mr John Mbroh, has called for intensified education to rope in more informal workers onto the pension scheme.
Mr Mbroh stated this last Wednesday when he paid a courtesy call on the Ga Mantse, NII TackieTeikoTsuru II, to court his support to increase pension coverage for the self-employed in the country.
According to him many self-employed did not factor the importance of being on pension, because they did not see the need to be on pension “that is why the NPRA is calling on subjects such as respected individuals such as Kings, Church leaders Imam and community heads to sensitise them to the benefits of pension scheme.”
He further emphasised the importance of pension planning, especially for self-employed individuals who lack access to traditional employer-sponsored retirement plans.
“By investing in a pension scheme, individuals can ensure a steady income stream during their olden ages.
“The NPRA’s outreach efforts come at a crucial time many self-employed individuals remained unaware of the benefits of pension planning. By engaging with community leaders like the Ga Mantse, the NPRA hopes to increase awareness and encourage more people to take control of their financial status seriously,” he added.
The NPA Boss announced that next year the NPRA planned to increase the nine per cent of self – employed who were on pension to 16 per cent.
The Ga Mantse in response, commended the NPRA for the steps it had taken to enrol more informal sector workers into the pension trust, adding that being on pension did not only secure your future, but also took away certain burden from your children who ended up taking care of you financially..
According to him, a campaign like this would demand a change of mindset because many had not cultivated the habit of saving.
“If the message goes out well and explained properly and if they see the benefits on being on pension, I believe they would be on the pension scheme,” he added.
The Ga Mantse stressed that he was ready to partner with the NPRA to work towards their goal in reaching people, especially in the informal sector to see the benefits of being on pension.
The NPRA Boss was accompanied by the Director of Finance, Mr James Addai, Director of Internal Audit; Mr Gyabaah Anane, Manager Corporate Affairs, Mr Collins Apraku and others.
BY PRECIOUS NYARKO BOAKYE
