National Pensions Regulatory Authority

 

National Pensions Regulatory Authority logoThe National Pensions Regulatory Authority (NPRA)  was established by the National Pensions Act, 2008 (Act 766).

Vision

Ensuring Retirement Income Security

Mission

To Regulate Pensions through effective policy direction to secure income for the retired and the aged in Ghana.

Core Values

Professionalism | Integrity | Consistency | Teamwork | Responsibility

Objective of the Authority

The object of the Authority is to regulate and monitor the operation of the Scheme and ensure the effective administration of pensions in the country.

Functions

To achieve its objectives, the Authority shall:

  • Be responsible for ensuring compliance with this Act;
  • Register occupational pension schemes, provident funds and personal pension schemes;
  • Issue guidelines for the investment of pension funds;
  • Approve, regulate and monitor trustees, pension fund managers, custodians and other institutions that deal with pensions as the Authority may determine;
  • Establish standards, rules and guidelines for the management of pension funds under this Act;
  • Regulate the affairs and activities of approved trustees and ensure that the trustees administer the registered schemes;
  • Regulate and monitor the implementation of the Basic National Social Security Scheme;
  • Carry-out research and ensure the maintenance of a national data bank on pension matters;
  • Sensitize the public on matters related to the various pension schemes;
  • Receive and investigate complaints of impropriety in respect of the management of pension schemes;
  • Promote and encourage the development of the pension scheme industry in the country;
  • Receive, and investigate grievances from pensioners and provide for redress;
  • Advise government on the general welfare of pensioners;
  • Advise government on the overall policy on pensions in the country;
  • Request information from any employer, trustee, pension fund manager or custodian, any other person or institution on matters related to retirement benefit;
  • Charge and collect fees as the Authority may determine;
  • Impose administrative sanctions or fines; and
  • Perform any other functions that are ancillary to the object of the Authority.

CHIEF EXECUTIVE OFFICER

Mr. Kofi Anokye Owusu-Darko

Mr. Kofi Anokye Owusu-Darko

Address

National Pensions Regulatory Authority
P. O. GP 22331,
Accra – Ghana

Contact Details

Phone: +233 (0) 302 972 020
E-mail: info@npra.gov.gh
Website: www.npra.gov.gh