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People’s Pension Trust Ghana receives pension license from the National Pension Regulating Authority Ghana

It has been five years since Enviu and partners challenged themselves with the issue of poverty among retiring elderly in developing countries. We devised a solution in the form of a micro-pension fund and developed our product in our first focus country Ghana. It have been five challenging years full of ups and downs, important failures and important successes. This week we’ve come to one of the most important milestones so far: People’s Pension Trust Ghana received the long-awaited license from the National Pension Regulating Authority Ghana (NPRA). From today we can officially start with the distribution of our micro pensions product.

In most developing countries, pensions are only available to civil servants and employees of larger companies. This means that many elderly people are reduced to poverty as soon as they stop working.

Photo: Ben Sutherland

First party to make micro pensions possible in Ghana

People’s Pension Trust Ghana is the first party to make micro-pensions possible in Ghana. As in Western countries, Ghana is troubled by an aging population. The number of people over 60 will double in the next 40 years: from 7 to 15 percent. Approximately 80% of the total population works in the informal sector and does not build up any form of pension. These people are faced with poverty, all the more so because they cannot fall back on their children, given that their children are migrating to the city in increasing numbers.

Photo: Ben Sutherland

Building up a pension with small monthly contributions

With People’s Pension Trust Ghana, a pension can be built up with the small monthly contributions of scheme members. With this, an income is generated for the time when their income falls away due to old age, occupational disability or death. By saving around 125 euros every month, a pension of some 200 to 300 euros can be paid out monthly after 20 years.

“Our ambition is to offer half a million people in Ghana micro-pensions within 5 years. In addition to micro-credit and microinsurance, a long-term savings product was lacking for this target group.”

Samuel Waterberg, CEO People’s Pension Trust Ghana

For the sale of the product, PPTG is working with so-called pension managers: people from the local community who are trained in explaining pensions to the people and answering their questions. Money can be deposited in cash, via mobile payment or via the bank. The product is sold through existing groups, such as savings groups, unions and farmer cooperatives.

People’s Pension Holding

In addition to People’s Pension Trust in Ghana, People’s Pension Holding (PPH) in the Netherlands will be ensuring that the same micro-pension concept can be rolled out in other countries.

“Ghana is a first step. Our ambition is to set up the same concept in another 4 countries within 5 years, with the goal of doubling the purchasing power of the elderly who are no longer able to work. The first focus is to make the company in Ghana successful. In order to realise this, we are currently looking for an investment of 2.5 million euros.”

Gerard Bergsma, CEO People’s Pension Holding

People’s Pension Holding will be busy setting up Greenfield pension companies towards the successful realization of informal worker pension funds in developing countries. It holds the IT backbone and pension knowledge to share and replicate her experience in the field of micro pensions. More information on People’s Pension Holding can be found on

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Fennie Lansbergen

Project Lead Micro Pensions

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