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ABSTRACT The study examined the effects of inflation on contributory retirement benefit Financing in Ghana. The objectives were to establish the relationship between return on contributory retirement benefits and inflation rate and to examine the extent to which inflation affects the value of contributory retirement benefits. Secondary data from audited financial statement of Cedar Pension Scheme, Enterprise Classic Occupational Pension Scheme, Petra Advantage Pension Scheme, United Master Trust Pension Fund Scheme and Pensions Alliance Trust Fund Scheme for the period 2013 to 2016 was used for the study. The study employed Karl Pearson correlation and system Ordinary Least Square (OLS) model as the estimation technique to analyze the influence of inflation on contributory retirement benefits. It was revealed that return rate and value of contributory retirement benefits (NAV) are significantly influenced by inflation rate (IFR), net asset value at the beginning (NAVB), increase net asset value (INAV). The study further demonstrated the general increasing in price has a strong undesirable correlation through return rate and value of contributory retirement benefits (NAV) whilst net asset value at the beginning (NAVB) and increase net asset value (INAV) have a positive correlation with a value of contributory retirement benefits (NAV) of pension schemes in Ghana. Astoundingly, it was detected that real rate of return (RIR) and management qualification (MGT) have no impact on with value of contributory retirement benefits (NAV). The study recommends that government ought to derive methodologies that will aid the control and stabilization concerning inflation rate. Yet again, stakeholders of pension schemes should adopt better retirement benefit administration strategies that will boost the performance retirement benefit. Keywords: Inflation Rate, Contributory Retirement Benefits, Financing, Audited Financial Statement, Ghana.