Double Salary Allegation: NPRA tackles Vincent Assafuah

The National Pensions Regulatory Authority (NPRA) has reacted to claims by the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, that its Chief Executive Officer (CEO), Chris Boadi-Mensah, doubled his salary without the approval of the board of the authority.

In a statement issued on April 16, 2026, the NPRA stated that the allegations by the New Patriotic Party (NPP) Member of Parliament (MP) are completely false.

It indicated that there has been no salary adjustment under the current management of the authority, adding that the current salary of the CEO was approved by the previous administration.

“The claim that Mr Chris Boadi-Mensah doubled his salary upon assuming office is completely untrue. The last Board, under the immediate past government, approved a 25% salary increment in September 2024, effective January 1, 2025, before his assumption of office. This approval happened under the previous management. It was based on this new salary structure that the exit packages of the former executives were paid.

“Therefore, the claim by Mr Assafuah that Mr Boadi-Mensah doubled his salary upon the assumption of office is entirely false and unsubstantiated. A little bit of due diligence on the part of Mr Assafuah would have established this fact,” it added.

Speaking to the media on Thursday, April 16, 2026, the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, questioned the legality of the alleged salary increment.

Minority accuses NPRA boss of doubling salary without board approval

He claimed the increase was effected shortly after the CEO assumed office in February 2025, at a time when the Authority did not have a governing board in place.

“A particularly disturbing issue has emerged. We are informed that Boadi-Mensah doubled his salary immediately upon assumption of office in February 2025.

“Without board approval, and even in the absence of a board at the time of his appointment, he doubled his salary,” he alleged.

Assafuah further questioned the justification for the increment, which he said was based on comparisons with the Social Security and National Insurance Trust (SSNIT).

“The argument he makes is that he regulates SSNIT. Why then should the SSNIT CEO earn more than him as the regulator? It is on this basis that he doubled his salary in February 2025,” he added.



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