President Nana Addo Dankwa Akufo-Addo has made a significant change in his cabinet by designating Minister for Employment and Labour Relations, Ignatius Baffour Awuah as the Minister in charge of Pensions.
The appointment, which takes immediate effect, comes at a time when the country is undertaking a domestic debt restructuring to revive its ailing economy, and the Minority has warned that any new ministerial appointment would not be tolerated.
In accordance with section 211 of the National Pensions Act 2008 (ACT 766), Baffour Awuah will now steer the affairs of the National Pensions Regulatory Authority (NPRA) and the Social Security and National Insurance Trust (SSNIT).
The new minister made this known when he appeared before the Public Accounts Committee on Wednesday, February 1.
“The appointment which is in accordance with section 211 of the National Pensions Act 2008 (ACT 766) will see the minister steering the affairs of the National Pensions Regulatory Authority (NPRA) and the Social Security and National Insurance Trust (SSNIT) effective January 30, 2023,” said Baffour Awuah.
The appointment of Ignatius Baffour Awuah as the Minister for Pensions is a crucial step in the administration's efforts to address the challenges facing the pension sector.
With his extensive experience in labour relations and pensions, Baffour Awuah is well-positioned to lead the country's pension regulatory authority and social security trust towards a more secure and sustainable future.
