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TR
African countries need urgent pension reforms – Veep to APSA participants
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MyJoyOnline
Yet pension systems across the continent currently cover less than one-fifth of the workforce.
The Vice President noted that traditional pension systems were largely designed around formal employment relationships characterised by predictable incomes and regular contributions.
Professor Opoku-Agyemang also urged African countries to embrace technology as a tool for expanding pension coverage and improving service delivery.
On sustainability, the Vice President cautioned that pension systems must balance broad coverage with the ability to meet long-term obligations.
The Vice President further stressed that public trust is central to the success of any pension system.