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The National Pensions Regulatory Authority has announced that its upcoming Pensions Digital Ecosystem (PDE) will enhance transparency and curb fraud within Ghana’s pensions sector.
The integrated platform will incorporate biometric verification through the National Identification Authority, helping to reduce identity-related fraud and improve the accuracy of contributor data. It will also allow workers to track contributions and benefits in real time, making it easier to identify discrepancies.
According to NPRA, the system will strengthen oversight by providing improved reporting and monitoring tools for trustees, fund managers, and employers, enabling early detection of irregularities.
Chief Executive Officer Christopher Boadi-Mensah explained that the initiative also aims to extend pension coverage to Ghana’s large informal sector. He noted that the digital platform will simplify registration and contributions, allowing traders, artisans, farmers, and self-employed individuals to enroll using mobile and fintech solutions.
With a significant portion of Ghana’s workforce operating outside the formal sector, the Authority believes the PDE will help close the pension coverage gap while improving trust in the system.
The NPRA says the initiative is part of broader efforts to build a more inclusive, transparent, and secure pension system accessible to all workers.
Source: 3news
