The National Pensions Regulatory Authority (NPRA) has rejected claims by the Minority in Parliament that it spent over GH¢8 million on a two-week training programme in the United States for its board members and senior officials.

The Authority described the allegation as inaccurate and misleading.

The claim was made by the Member of Parliament for Old Tafo, Vincent Ekow Assafuah, during a press conference on Thursday, April 16. He alleged that the NPRA had incurred excessive and unjustified costs by sponsoring 11 board members, six directors, and other top staff for what he described as a short overseas programme.

Mr Assafuah also questioned both the relevance and cost of the training, raising concerns about financial discipline and accountability within the Authority. He further called on the NPRA to disclose full details of the programme and justify what he characterised as wasteful spending.

In response, the NPRA issued a statement disputing the claims and offering clarification on the scope, duration, and objective of the training.

According to the Authority, the programme is not a brief exercise as suggested, but a detailed capacity-building initiative aimed at strengthening the knowledge and skills of its leadership and senior management.

The NPRA explained that the training, being conducted at Bentley University, is a six-month programme combining virtual and in-person sessions. It began in January 2026 and is still ongoing.

The Authority added that the initiative is intended to expose participants to global best practices in areas such as financial planning, risk management, pension governance, and administration, stressing that the claim that it is a two-week programme is entirely unfounded.