The Minority has questioned the decision by the management of the National Pensions Regulatory Authority (NPRA) to commit GHC700 million to a loan facility for Phase Two of the NPRA headquarters project, while Phase One remains unused despite significant investment.
Speaking to journalists in Parliament on Thursday, April 16, 2026, the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, called on the Finance Minister to halt the process pending an independent review.
“We call for the immediate suspension and independent review of the GHC700 million Phase 2 facility proposal associated with Mr. Chris Boadi Mensah’s administration including the necessity repayment terms, pricing basis and long-term impact on contributors’ returns,” he stated.
The Minority also raised concerns about some allegations of illegal activities onging at the NPRA.
Vincent Ekow Assafuah further 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.
“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 a board approval,” he said.
He also alleged payment of GHC4 million to a former Chief Executive Officer of the NPRA, Kofi Anokye, for consultancy services, a role he says duplicates the work of an existing directorate.
“Mr. Chris Baodi Mensah is reported to have appointed the former Chief Executive Officer of the NPRA, Kofi Anokye who served during the first administration of His Excellency John Mahama as a consultant on micro pension at a reported cost of GHC4 million. That is a duplication of cost to the ordinary Ghanaian,” the Old Tafo MP noted.
“On the salary doubling and new management decisions, under what legal authority did Mr. Chris Boadi Mensah double his salary and effect management restructuring in February 2026 without Board approval. Who authorized the increment? And what documentary approval support it,” he questioned.
He called on the President, the Finance Minister and other stakeholders to intervene, demand accountability and stop the ongoing abuse of pension funds.
“I, therefore call on His Excellency the President of the Republic, the Minister for Finance as the current supervising Minister, the Secretary-General of the Trades Union Congress, the Executive Secretary of CLOGSAG, the General Secretary of GNAT, the General Secretary of NAGRAT, the CEO of Chamber of Corporate Trustees, the Chairperson and members of the Forum for Public Sector Pension Scheme, the OSP, Civil Society Organisations and the Auditor-General to take an immediate interest in these matters and ensure that the hard-earned pension contributions of the Ghanaian workers are protected from waste.
“I urge these institutions and stakeholders to demand a full review of Mr. Chris Boadi’s proposed non-urgent GHC700 million Phase two headquarters loan facility including its necessity, pricing structure and the long-term opportunity cost to contributors when compared to prevailing market returns,” he added.
