The National Pensions Regulatory Authority (NPRA) has pushed back against claims from the Minority in Parliament that it spent over GH¢8 million on a two-week training programme in the United States.
The Authority says the claim is untrue and misrepresents the facts.
Vincent Ekow Assafuah, the Member of Parliament for Old Tafo, made the allegation during a press conference on Thursday, April 16.
He accused the NPRA of spending excessively and without proper justification. He claimed the Authority funded a short overseas programme for 11 board members, six directors, and other senior officials.
The MP questioned why the training was necessary and whether the cost made sense. He raised concerns about how the Authority handles public funds and demanded a detailed explanation.
He also asked the NPRA to justify what he described as reckless spending.
The NPRA responded with a statement to correct the claims. It denied the accusation and provided more information about the programme.
The Authority stressed that the MP’s version of events does not reflect reality.
According to the NPRA, the training is not a brief programme as suggested. It explained that the initiative focuses on building the capacity of its leadership team over a longer period.
The Authority stated that “the training programme at Bentley University is a six-month virtual and in-person training which started in January 2026 and is still ongoing. The programme is being undertaken to draw on international best practices in Financial Planning, Risk Management, Pension Governance and Administration”.
“Therefore, the allegation by Mr. Assafuah that it is a two-week programme is entirely false.”
