Chris Boadi-Mensah has doubled his salary as NPRA boss without board approval - Vincent Assafuah alleges

Member of Parliament for Old Tafo in the Ashanti Region, Vincent Ekow Assafuah, has raised concerns over what he describes as an unauthorised salary increment by the Acting Chief Executive Officer of the National Pensions Regulatory Authority, Chris Boadi-Mensah.

Speaking at a press conference on Thursday, April 16, Mr Assafuah alleged that Mr Boadi-Mensah increased his own salary shortly after assuming office in February 2025, at a time when the NPRA Board had not yet been inaugurated.

He questioned the legality of the move, arguing that such a decision could not have been properly authorised under the prevailing governance structure.

“Under what legal authority did Mr Chris Boadi-Mensah double his salary without board approval?” he asked, adding that the absence of a functioning board at the time raises serious concerns about internal controls and oversight.

The MP emphasised that pension funds represent deferred wages of Ghanaian workers and must be managed with strict fiduciary responsibility.

He warned that actions taken outside established approval processes could undermine public confidence in the pensions system.

Mr Assafuah has called for a full scale investigation into the matter, including a review of any approvals granted and the legal basis for the alleged salary adjustment.