Minority accuses NPRA CEO of doubling salary without board approval and inflating vehicle costs

The Minority in Parliament has accused Chris Boadi-Mensah, the Chief Executive Officer of the National Pensions Regulatory Authority NPRA, of significantly increasing his salary and authorizing questionable expenditures. Vincent Ekow Assafuah, the Member of Parliament for Old Tafo, stated on Thursday, April 16, 2026, that Boadi-Mensah allegedly doubled his salary in February 2025, shortly after assuming office and without the approval of a governing board, which was not yet in place. Assafuah claimed the justification for the salary increase was based on a comparison with the Social Security and National Insurance Trust SSNIT CEO's earnings. The MP also raised concerns about an alleged expenditure of GH¢15 million in December 2025, authorized by Boadi-Mensah, for the purchase of seven Land Cruiser vehicles. Assafuah argued that the cost per vehicle, exceeding GH¢2.2 million, appears inflated compared to current market prices of GH¢1.3 to GH¢1.4 million for a new 2026 model. The Minority expressed concerns that these actions raise serious questions about governance, accountability, and the prudent use of pension contributors' resources within the NPRA.