Ghana’s Regional Coordinator for the Commonwealth Alliance of Young Entrepreneurs, West Africa, (CAYE), Bernard Oduro Takyi says lack of respect for people in the private sector is to blame for the dormancy in the informal sector pension scheme.
His comment follows the Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), Mr. Hayford Attah Krufi’s revelation that only about 600,000 out of an estimated 10.2 million workers in Ghana’s informal sector are currently enrolled on the pension scheme.
Read also: Central Regional Police Command honors fallen heroes
According to Mr. Takyi, the disrespectful attitude of some workers of the financial institutions towards informal sector workers is what drives people away from such policies.
“So the tomato seller, the onion seller in that market who sleeps on his or her money, what entices her to contribute to pension…” He questioned
“Today government wants to borrow but if the NPRA can be able to mobilize money from the market women and the farmers, what it does is that it makes money available for public investment.” He said.
To this end, Bernard Oduro Takyi notes that the private sector if accorded the necessary recognition can help cushion the government financially.
Source: Lydia Sekyi Acquah/ATLFMNEWS
