The National Pensions Regulatory Authority (NPRA) has rejected claims made by the Minority in Parliament that it spent over GH¢8 million funding a two-week training programme in the United States for board members and senior officials.
The Authority described the allegation as inaccurate and misleading.
The issue was raised by the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, during a press conference on Thursday, April 16.
During the briefing, the MP alleged that the NPRA engaged in what he considered excessive and unjustified spending by sponsoring 11 board members, six directors, and other senior executives for a brief overseas training.
He further questioned the relevance and cost of the programme, expressing concerns about fiscal discipline and accountability within the institution.
Mr. Assafuah also urged the NPRA to disclose full details of the training and defend what he described as wasteful expenditure.
In reply, the NPRA released a statement denying the allegations and clarifying the structure, duration, and objectives of the programme.
The Authority insisted that the claims made by the MP are not consistent with the actual facts.
It explained that the training is not a short two-week course as alleged, but a long-term capacity-building programme aimed at strengthening the skills of its leadership and senior management team.
According to the NPRA, the programme is being run by Bentley University and spans six months, combining both virtual and in-person sessions. It began in January 2026 and is still ongoing.
The Authority added that the course is designed to incorporate global best practices in financial planning, risk management, pension governance, and administrative systems.
It concluded that the claim that the programme lasts only two weeks is completely unfounded.