NPRA dismisses allegation of salary doubling by CEO
The National Pensions Regulatory Authority (NPRA) has dismissed claims by the Minority in Parliament that its Chief Executive Officer, Chris Boadi-Mensah, doubled his salary after taking office.
The allegation was raised by the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, during a press conference on Thursday, April 16. He asserted that Mr. Boadi-Mensah had independently increased his salary shortly after assuming office in February 2025, at a time when the NPRA Board had not yet been formed.
In response, the Authority issued a statement to clarify the circumstances surrounding the CEO’s remuneration, describing the claims as inaccurate and misleading. According to the NPRA, the salary adjustments in question were approved before Mr. Boadi-Mensah took office.
The regulator explained that a 25 percent salary increment had been sanctioned in September 2024, with implementation set for January 1, 2025—prior to his appointment as CEO.
Reaffirming its stance, the NPRA stated that the claim that Mr. Boadi-Mensah doubled his salary is entirely false, noting that the previous Board under the former administration approved the increment. It added that the same salary structure was used in calculating the exit packages of former executives.
The Authority further stressed that the current remuneration framework is a continuation of decisions made by previous leadership, not the result of any unilateral action by the CEO.
It also suggested that the allegations may have arisen from a misunderstanding or insufficient verification of the facts regarding the approved salary structure.
About The Author
