Ignatius Baffour Awuah, the minister responsible for this sector, has not been given the responsibility of leading a new Ministry, according to the Ministry of Employment and Labour Relations.
Eugene Arhin – Communications Director
In a press release, the ministry stated that it had taken notice of news stories and social media comments that suggested a new Ministry for Pensions had been established, with Mr. Awuah being named as its new sector Miniter.
Instead, the press statement said that his appointment as the Minister Responsible for Pensions was merely an extension to his existing responsibilities.
The announcement stated, “For the avoidance of doubt, no such New Ministry has been constituted.
The National Pensions Regulatory Authority (NPRA) and the Social Security and National Insurance Trust (SSNIT) are only legally assigned to Hon. Ignatius Baffour Awuah as new responsibilities in the letter from H.E. the President.
The Ministry of Employment and Labour Relations would appreciate it if everyone ignored the false impression that the aforementioned pieces in the media and on various social media platforms were intended to convey.
No new staff, budget
Director of Communications at the Presidency Eugene Arhin stated in a Facebook post that Mr. Awuah’s new position is simply supervisory and that no more personnel or funding will be given to it.
He continued by saying that before President Akufo-Addo made this designation, Ken Ofori-Atta, the minister of finance, served as the minister in charge of pensions.
Mr. Arhin added that the administration of former President John Dramanu Mahama had previously adopted a similar title, with Haruna Iddrisu serving as both the Minister of Labor and Employment and the Minister in Charge of Pensions at the time.
According to the National Pensions Act, 2008 (Act 766) the Minister for Employment and Labour Relations, Hon. Ignatius Baffuor Awuah, was appointed as Minister Responsible for Pensions.
“It won’t be a brand-new Ministry, and it won’t get a budget or hire new employees either. Given that Hon. Ignatius Baffuor Awuah already oversees the National Pensions Regulatory Authority, which regulates SSNIT, it is just a supervisory position “.
“This is not the first time a Minister has been chosen to oversee the nation’s pension-related operations. In fact, former President John Dramani Mahama appointed Hon. Haruna Iddrisu, MP, as Minister responsible for Pensions following the modification of the National Pensions Act of 2008 (NPA). As a result, he took ownership of SSNIT “.