The Minority in Parliament has accused the Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), Chris Boadi-Mensah, of doubling his salary without board approval.
Addressing a press conference on Thursday, April 16, Member of Parliament for Old Tafo, Vincent Ekow Assafuah, alleged that Mr Boadi-Mensah increased his own salary immediately upon assuming office in February 2025, at a time when the NPRA Board had not yet been inaugurated.
He questioned the legality of the move, arguing that such a decision could not have been properly authorised within the existing governance structure.
“A particularly disturbing issue has emerged. We are informed that Mr. Boadi-Mensah doubled his salary immediately upon assumption of office in February 2025 without board approval.
“When he was appointed in February, even without the existence of the board, and we are aware that the board was formed months after he was made the CEO, he doubled his salary in February 2025,” she said
Mr Assafuah stressed that pension funds are not discretionary resources but deferred wages belonging to Ghanaian workers and must be managed with the highest level of fiduciary discipline.
He warned that decisions taken outside proper approval structures risk eroding public trust in the pensions system.
Source: citinewsroom.com
