The National Pensions Regulatory Authority (NPRA) has refuted the assertions made by the Minority in Parliament, which claimed that it expended over GH¢8 million on a two-week training program in the United States for its board members and senior staff.
NPRA characterized the allegation as inaccurate and misleading.
This accusation was presented by the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, during a press conference conducted on Thursday, April 16.
During the briefing, the MP alleged that the NPRA had engaged in what he described as excessive and unjustifiable spending by funding 11 board members, six directors, and other senior officials for a brief program abroad.
Mr. Assafuah further questioned the necessity and expense of the alleged training, expressing concerns regarding financial prudence and accountability within the Authority.
He urged the NPRA to disclose comprehensive details of the program and justify what he termed “extravagant spending.”
In reply, the NPRA released a statement denying the claims and clarifying the nature, duration, and purpose of the training program in question.
NPRA asserted that the statements made by the MP do not accurately represent the facts.
According to the NPRA, the training program is not a short-term engagement as claimed, but rather a thorough capacity-building initiative aimed at enhancing the skills of its leadership and senior management.
The Authority clarified that “the training program at Bentley University is a six-month virtual and in-person training that commenced in January 2026 and is still in progress. The program is designed to incorporate international best practices in Financial Planning, Risk Management, Pension Governance, and Administration.
“Thus, the claim by Mr. Assafuah that it is a two-week program is completely unfounded.
