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The National Pensions Regulatory Authority (NPRA) as part of its 2017 National Educational Campaign, has educated workers in two (2) regional capitals namely; Bolgatanga in the Upper East and Wa in the Upper West Region on the 3-Tier Pension Scheme under the Swiss Secretariat for Economic Cooperation (SECO) Project. The Authority expressed the need for workers in the informal sector to register and participate in a Group or Personal Pension Scheme under the Voluntary 3rd Tier Pension Scheme to enable them also enjoy retirement benefit in their old age.

The 2-day fora, organised for the Informal Economy Sector Workers in each of the two regional capitals was chaired by the Corporate Affairs Manager, Mr. Emmanuel Awuku Dagbanu.

In his opening remarks, he stated that the programme was part of activities by the NPRA to increase participation of Informal Sector Workers in the Group / Personal Pension Scheme which was specifically designed to meet their needs. He challenged workers in the informal sector to take advantage of the new 3-Tier Pension Scheme, by joining the 3rd Tier Voluntary Scheme to enjoy pension benefits in their old age.

Mr. Russell Galer, Lead Consultant for the SECO Project on his part said the Swiss Government recognised the essence of assisting the Ghanaian Government to implement the 3-Tier Pension Scheme. He stressed that the problems related to pensions were worldwide and entreated the participants to save towards their old age to enjoy retirement benefits. He further acknowledged the fact that since 85% of the Ghanaian working force are in the Informal Sector they are urged to participate in the voluntary 3rd Tier Scheme to secure income in their old age.

Both fora attracted over four hundred and fifty (450) participants.

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Over the years, concerns have been raised and agitations made by public servants over inadequacies of the level of pensions to sustain a respectable life for retired public servants. Of particular concern to most workers’ groups has been the low pensions received by workers ... | Readmore