Business News of Monday, 5 July 2021Source: www.ghanaweb.com• The National Pensions Regulatory Authority has asked all employees to report their employers who do not pay for their pension contributions• According to the CEO of NPRA, employers are mandated by law to pay for their employees' contributions• He said his outfit is ready to bring defaulters to bookThe National Pensions Regulatory Authority (NPRA) has issued a stern warning to institutions that have failed to pay the pension contributions of their employees. He stated categorically that the NPRA is coming after all defaulters. According to the Chief Executive Officer of NPRA, Hayford Atta Krufi, the NPRA's action to bring them to book is in accordance with the law. Since the NPRA took illegal action against defaulting institutions in July last year, a total of GH¢6.2 m has been retrieved from defaulting institutions. He, therefore, urged all employees to report their employers who fail to pay their pension contributions to the Authority for swift actions to be taken against them.

Source: GhanaWeb July 05, 2021 11:03 UTC