In a development that is likely to intensify scrutiny over governance within Ghana’s pensions sector, the Minority in Parliament has levelled serious allegations against Chris Boadi-Mensah, Chief Executive Officer of the National Pensions Regulatory Authority, accusing him of unilaterally increasing his remuneration without the requisite institutional approval.
The claims were brought to the fore during a press engagement on Thursday, April 16, where the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, questioned both the legality and propriety of the alleged action. According to him, the decision to adjust the CEO’s salary was made almost immediately after Mr Boadi-Mensah assumed office in February 2025, a period during which the governing board of the Authority had not yet been constituted.
This timing, the Minority contends, raises fundamental concerns about adherence to established governance procedures, given that remuneration decisions of such magnitude would ordinarily require board oversight and formal approval. In the absence of a functioning board, the legitimacy of the alleged increment has been called into question, with critics arguing that it could not have been properly sanctioned within the existing administrative framework.
Mr Assafuah described the situation as deeply troubling, pointing to the sensitive nature of the institution involved. The National Pensions Regulatory Authority, he emphasised, is entrusted with overseeing funds that represent the deferred earnings of Ghanaian workers, resources that demand the highest standards of fiduciary responsibility and ethical stewardship.
Within this context, he warned that any action perceived to bypass due process or established approval channels risks undermining confidence in the pensions system. Public trust, he suggested, is a fragile yet essential component of pension administration, and any erosion of that trust could have far reaching implications for compliance, participation, and the overall credibility of the system.
The allegations have consequently placed a spotlight on governance practices within the Authority, raising broader questions about accountability, internal controls, and the safeguards in place to prevent unilateral decision making at the highest levels of management.
As the matter unfolds, it is expected that calls for clarification, investigation, and possible institutional response will intensify, particularly given the central role of the NPRA in safeguarding the financial security of millions of Ghanaian workers.
