The National Pensions Regulatory Authority (NPRA) has defended its decision to construct a 10‑storey building as part of Phase Two of its office project, saying the new facilities will include a pensions college and a data bank for the industry.
Speaking before Parliament’s Public Accounts Committee, an NPRA representative explained that the college would train industry professionals and other stakeholders, while the data bank would serve as a central repository for pensions data across Ghana.
Chairperson Abena Osei‑Asare questioned the need for such a large structure, noting that data storage could be managed digitally and asking how the authority would repay the loan. The representative revealed that NPRA had planned to raise GH¢500 million for the project but had accessed only GH¢200 million in 2025, and that the loan would be repaid from its own resources.
The NPRA also said the building’s height was dictated by local construction regulations, noting that an initial four‑storey plan was abandoned when funds allowed a 10‑storey design to meet the area’s requirements.
Moving forward, the authority will seek to secure additional funding to complete Phase Two and to ensure the new facilities meet the needs of the pensions sector.
