Business Hilights
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Ghana set to capture 1m informal sector workers on new pension scheme

As part of growing continental efforts to increase the content of captives in tax baskets, the National Pensions Regulatory Authority (NPRA) of Ghana will some begin the registration of about one million informal sector workers on its new three-tier pension scheme before the end of the year.

Even here in Nigeria, the federal government had made related move but was incapacitated by lack of database, a senior tax consultant with the Federal Inland Revenue Service (FIRS) confided in Business Hilights weekend.

According to a report from the Ghana News Agency (GNA), Corporate Affairs Manager of NPRA, Mr. Emmanuel Awuku Dagbanu, disclosed this at an outreach programme in Bolgatanga to sensitise the public on the new scheme which involves informal sector workers.

He said it was a nationwide programme that sought to register all informal sector workers on to the scheme to enable them to have better retirement packages in future.

He said “It is envisaged that the inclusion of workers in the informal sector in the new three tier pension scheme will enable them save towards their old age or even as an invalid. This will improve their living standards and secure financial autonomy and independence in their old ago”.

He said an individual from the informal sector who did not belong to any group could register as such, whilst those with groups could also do same.

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