The Majority Leader and Leader of Government Business in Parliament, Mahama Ayariga, has proposed the establishment of a pension scheme for retired parliamentarians in the country.
He made the suggestion while addressing Parliament on 29th January 2025.
Mr Ayariga emphasised the need to secure the financial well-being of former lawmakers, arguing that a well-supported retirement plan would strengthen the institution of Parliament and promote integrity among its members. "MPs dedicate decades of their lives to Public Service but retire without a structured pension scheme, which could leave them financially vulnerable," he noted.
Mr Ayariga's proposal introduces a sustainable funding mechanism, suggesting that the pension scheme be financed through revenues from carbon credits rather than relying on taxpayers. "Ghana could generate revenue by selling carbon credits from environmental projects, such as afforestation and renewable energy initiatives, on international markets to fund this scheme," he explained.
