Fidelity Bank champions inclusive pension reforms to strengthen retirement security
Fidelity Bank Ghana has called for bold reforms to expand pension coverage to Ghana’s informal sector and diaspora communities, describing greater financial inclusion as critical to building sustainable retirement security while unlocking long-term capital for national development.
Fidelity Bank Ghana has called for reforms to expand pension coverage to the country's informal sector and diaspora communities, emphasizing the importance of financial inclusion in building sustainable retirement security. Deputy Managing Director Atta Yeboah Gyan highlighted Ghana's "pension coverage paradox," noting that despite the informal sector accounting for over 80% of the workforce, less than 1% actively contribute to the Tier 1 pension scheme.
Gyan emphasized the need for flexible contribution models to accommodate the unique earning patterns of informal sector workers, such as market traders and artisans, while also tapping into the potential of Ghana's diaspora, whose remittance inflows reached $7.79 billion in 2025.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
