NPRA Urges Ghanaian Employers: Tech Adoption Crucial for Pension Compliance and Worker Security
The National Pensions Regulatory Authority (NPRA) has issued a vital call to action for employers across Ghana: embrace technology to fortify the timely and accurate payment of pension contributions. This crucial message was delivered by Victor Azuma Mejida, the Deputy Chief Executive Officer of the NPRA, who represented the CEO at the Annual General Meeting of the Ghana Employers Association (GEA) on September 18, 2025. His address underscored the indispensable role businesses play in securing the retirement future of their workforce by adhering strictly to the National Pensions Act, 2008 (Act 766).
Leveraging Technology for Pension Integrity and Compliance
Mejida highlighted that employers are not just participants but fundamental pillars in the pension administration ecosystem. He stated, “Employers are among the most important stakeholders in pensions administration. You are the source of funds and vital data for the effective management of pension schemes.” This powerful statement emphasizes that the integrity and functionality of Ghana’s pension system heavily rely on employer diligence. Under Act 766, employers are entrusted with significant responsibilities, including registering and enrolling all employees into mandatory pension schemes and, critically, deducting and remitting contributions within the stipulated timelines. By integrating digital solutions and modern technology, Ghanaian businesses can streamline these processes, ensuring not only compliance but also enhanced efficiency and precision in financial data management – a key step in leveraging Africa’s growing tech landscape for institutional benefit.
The NPRA’s plea serves as a reminder that investing in technological infrastructure for payroll and contribution management is not merely an operational upgrade but a strategic move towards safeguarding employee welfare and upholding legal obligations. Embracing digital tools empowers employers to meet these responsibilities with greater ease and accuracy, ultimately contributing to a more robust and secure retirement system for Ghana’s working population. This proactive approach ensures that workers can look forward to their retirement with confidence, knowing their contributions have been meticulously handled.
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