Management of PPT and some participants in a group photograph
People’s Pension Trust (PPT), has launched a new product called ‘FlexiPension’ to extend retirement savings opportunities to workers especially in the informal sector.
Speaking at the launch in Accra, the PPT Chief Executive Officer (CEO) and Managing Director, Issaka Ibrahim, said, ‘FlexiPension’ was developed in partnership with MTN Mobile Money Fintech Limited to increase pension coverage among informal sector workers, who account for nearly 80 percent of the country’s workforce, but remain largely excluded from formal retirement schemes.
He said the product allows users to register and contribute directly through the MTN MoMo App, enabling them to save any amount at any time and make contributions on a daily, weekly or monthly basis.
He said the launch which also coincides with the company’s 10th anniversary celebration is opened to contributors aged 15 years and above, with no minimum or maximum contribution requirements.
“We know people are already comfortable using mobile money. Why not leverage a platform they already trust to help them save for retirement? During the pilot phase, more than 12,000 people signed up, giving us confidence that the market is ready for this solution,” he added.
Speaking on behalf of the CEO of the National Pensions Regulatory Authority, the Director for Planning, Research and Evaluation, Philemon Laar, noted that pension assets under management in Ghana had surpassed the GH¢100 billion demonstrating the strength of the country’s pension system.
He commended PPT for developing a product that reflects the realities of informal sector workers adding that, the NPRA granted a formal “No Objection” to the product in June 2025 after a rigorous review process.
Senior Manager for BankTech at MTN Mobile Money, Yaw Sefa, said the partnership reflects MTN’s commitment to making financial services simpler, accessible and more meaningful for customers.
He added that digital solutions such as FlexiPension have the potential to deepen financial inclusion and improve long-term financial security, particularly among underserved populations.
By Ebenezer K. Amponsah