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EMPLOYER-SPONSORED SCHEME OR MASTER TRUST SCHEME? : The Considerations for Choosing the Right Pension Governance Model.

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  INTRODUCTION When an employer decides how to arrange the mandatory second-tier pension scheme for its workers, the choice between an Employer-Sponsored Scheme (ESS) and a Master Trust Scheme (MTS) may initially appear to be mainly administrative. Both structures are recognised under Ghana’s pension framework and both are intended to receive, invest and preserve pension contributions for the benefit of workers. It may therefore seem that the decision is simply about which pension provider or arrangement to use. That would underestimate the significance of the choice. Choosing between an ESS and an MTS is not merely a decision about who will administer pension contributions . It is also a decision about who will govern members’ retirement wealth , how much control the employer and members will have over that governance, what it will cost, and who will bear the responsibility for ensuring that the Scheme operates effectively. The National Pensions Act, 2008 (Act 766) recogni...
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THE EQUILIBRIUM NOBODY WANTS IN GHANA'S CIVIL SERVICE: POLITICAL SURVIVAL, PROFESSIONAL NEUTRALITY, AND THE COORDINATION PROBLEM

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  INTRODUCTION There is a pattern familiar to almost every Ghanaian who has worked in or around government. Elections do not simply change governments; they also trigger a predictable cycle within the civil service. Senior officials are reassigned, some are sidelined, others seek to establish working relationships with the incoming administration, and politicians move quickly to place trusted personnel in strategic positions. The pattern is so familiar that it is often treated as an unavoidable feature of Ghanaian politics. The usual explanations for this phenomenon tend to focus on the behaviour of individuals. Politicians are accused of politicising the civil service, while bureaucrats are accused of serving political interests rather than the public interest. The debate often revolves around questions of loyalty, professionalism, ethics , and competence. While these concerns are important, they do not fully explain why similar patterns emerge across administrations regardle...
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