An assessment of the new pension scheme under the National Pensions act 766 (2008): a case study of the Kumasi Metropolis.
| dc.contributor.author | YIADOM, YAA KONADU | |
| dc.date.accessioned | 2025-02-17T12:00:28Z | |
| dc.date.available | 2025-02-17T12:00:28Z | |
| dc.date.issued | 2016-08 | |
| dc.description | A Thesis Submitted To The Department Of Accounting & Finance In Partial Fulfilment Of The Requirements For The Degree Of Master Of Business Administration (Finance). | |
| dc.description.abstract | In Ghana, concerns have been raised and agitations made over inadequacies in the existing pension schemes in the country due to factors such as discrepancies in the benefits enjoyed by retirees under the hitherto, two existing pension schemes, the Cap 30 and the Social Security and National Insurance Trust. It was in recognition of the need for reforms to ensure a universal pension scheme for all employees in the country that the new National Pension Act 766 was promulgated in 2008. The objectives of this study were to: analyse the awareness levels of workers; assess the benefits of the new pension scheme; determine the perception of workers; and assess the challenges facing the implementation of the new pension scheme. The study adopted descriptive research design. The population of the study were formal sector workers in Kumasi. A sample size of 300 was used. Questionnaire was employed for the data collection. Quantitative data analysis technique (such as Mean, Standard deviation, frequency, and percentages) and qualitative data analysis technique such as content analysis, and logical deduction and induction were used to analyse and discuss collected data. It was found out that: the respondents are fairly aware of the existence of the new scheme; the respondents accepted that the new scheme has brought some economic benefits to contributors and the country; respondents have a positive perception about the new pension scheme; and the major challenges that face the implementation of the new scheme are low rates of pension fund returns and lack of knowledge of the new pension scheme. It was recommended that: intensive public education should be embarked on by the NPRA and the regulations governing the new pension scheme be rigidly enforced. | |
| dc.description.sponsorship | KNUST | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/16283 | |
| dc.language.iso | en | |
| dc.publisher | KNUST | |
| dc.title | An assessment of the new pension scheme under the National Pensions act 766 (2008): a case study of the Kumasi Metropolis. | |
| dc.type | Thesis |