The National Pensions Regulatory Authority (NPRA) has refuted accusations made by the Minority in Parliament alleging that its Chief Executive Officer, Chris Boadi-Mensah, doubled his salary upon assuming office.
During a press conference on Thursday, 16 April 2026, the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, claimed that Mr Boadi-Mensah had unilaterally increased his remuneration shortly after his appointment in February 2025, a period during which the NPRA Board had not yet been constituted.
In a swift response, the Authority issued a counter-statement to clarify the circumstances surrounding the CEO’s pay. According to the NPRA, the MP’s assertions are inaccurate and fail to account for decisions made prior to the current administration.
The regulator explained that the salary adjustments in question were, in fact, approved well before Mr Boadi-Mensah took office.
Specifically, a 25 per cent salary increment had been sanctioned in September 2024, with its implementation scheduled for 1 January 2025—weeks before the current CEO’s appointment.
In its official statement, the NPRA noted:
“The claim that Mr. Chris Boadi-Mensah doubled his salary upon assuming office is completely untrue. The last Board, under the immediate past government approved a 25% salary increment in September 2024, effective 1st January 2025 before his assumption of office. This approval happened under the previous management. It was based on this new salary structure that the exit packages of the former executives were paid.”
The Authority further addressed the MP’s allegations directly, stating: “Therefore, the claim by Mr. Assafuah that Mr. Boadi-Mensah doubled his salary upon the assumption of office is entirely false and unsubstantiated. A little bit of due diligence on the part of Mr. Assafuah would have established this fact.”
The NPRA emphasised that the current salary structure is a continuation of the framework established by the previous leadership rather than the result of any unilateral action by Mr Boadi-Mensah.
The statement concluded by suggesting that the allegations likely stemmed from a misunderstanding or a failure to verify the facts regarding the approved remuneration guidelines.
By: Rainbowradioonline.com/Ghana
