Allegations have emerged against the Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), Chris Boadi-Mensah, with claims that he doubled his salary without the approval of the Authority’s governing board.
The accusation was made by Vincent Ekow Assafuah, who raised concerns over what he described as a breach of governance procedures within the pensions regulator. According to him, the alleged salary increment was carried out unilaterally, without the necessary oversight or authorization required under public sector management rules.
Assafuah argued that such a move, if proven, undermines accountability and transparency in the management of public institutions, particularly one tasked with safeguarding the retirement funds of Ghanaian workers. He stressed that decisions affecting remuneration at that level must go through proper channels, including board approval and adherence to established compensation frameworks.
The claims have sparked public debate, with some stakeholders calling for a thorough investigation into the matter to establish the facts and ensure that due process was followed. Concerns have also been raised about the potential implications for public confidence in the pensions system.
While there has been no official response yet from Boadi-Mensah or the NPRA regarding the allegations, governance experts say the issue highlights the importance of strong institutional checks and balances.
Observers note that the NPRA plays a critical role in regulating and supervising pension schemes in Ghana, making it essential for its leadership to maintain the highest standards of integrity and accountability.
The development is expected to draw the attention of oversight bodies and policymakers, as calls grow for clarity and possible action depending on the outcome of any investigations.
