Home / Insurance (page 10)

Insurance

Ghana needs innovative insurance products suitable for Ghanaian market –  Minister

Mr Charles Kofi Adu Boahen, a Deputy Finance Minister, has called for innovative insurance structures and products that are better suited for the Ghanaian market instead of a replication of products and services from the advanced countries. He said the insurance industry was supposed to play a vital role in …

Read More »

Enact law to compel insurance companies to tow abandoned vehicles – Chief

Gomoaba Nana Apata Kofi V, Guantoahene of the Gomoa-Ajumako Traditional Area, has advocated for the enactment of a law that would compel insurance companies to tow abandoned vehicles on the highways within three hours after the breakdown. At a press briefing at Gomoa Pomadze, he welcomed the suspension of the new towing …

Read More »

Takeover of UT Bank will not affect pension funds – NPRA

The National Pensions Regulatory Authority (NPRA) has assured trustees who appointed UT Bank as their Custodian that their Pension Funds will not be affected by the takeover. NPRA said the current purchase and takeover by the GCB Bank and subsequent withdrawals of their license by the Bank of Ghana would, …

Read More »

Ghana government told to formalise informal sector for insurance growth

Mr Solomon Lartey, the Chief Executive Officer of Activa Insurance, Tuesday, urged the Government to formalise the informal sector to enable insurance companies design products targeted at Small and Medium-scale Enterprises. He said insurance must be seen as a tool to encourage private sector investment in national development; a tool …

Read More »

Government should address Tier Two Pension issues – Forum 

The Forum for Public Sector Registered Pension Schemes has given the Government up to the end of July to resolve outstanding issues regarding the Tier Two Pension Scheme. Mr Isaac Bampoe Addo, the Chairman of the Forum, at a news conference in Accra, said since 2010 when the Scheme commenced, …

Read More »

Government to organise national stakeholders’ forum on health insurance

The Government is to hold a national stakeholders forum to find sustained solutions to the National Health Insurance Scheme, Mr Kwaku Agyemang- Manu Minister of Health has announced. “It’s our priority now to do what we can do best to see what solutions we can bring on,”’ the Minister assured …

Read More »

Nationwide Medical Insurance launches micro-health insurance product

Nationwide Health Insurance Company Limited, a leading indigenous private health insurance company in partnership with Roche, has launched the first ever micro-health insurance product on the Ghanaian market. The product known as “My Health” is designed to provide every resident in Ghana the opportunity to access quality, affordable and convenient …

Read More »

SSNIT is not robbing pensioners – Manager

Mr Sulley Abukari, Ho Branch Manager of the Social Security and National Insurance Trust (SSNIT), has said it is untrue that the Scheme was short-changing pensioners. He said the annuity factor which did not exceed 60 per cent was calculated on a pension right of 2.5 per cent per year …

Read More »

Cocoa farmers call for pension scheme

The Afosu Area Cocoa Farmers Association in the Birim North District of the Eastern Region has appealed to government to institute a pension scheme for cocoa farmers to free them from poverty in old age.  This could be done by deducting tokens from their sales proceeds to sustain the scheme. …

Read More »

SSNIT accused of robbing pensioners with its ‘annuity factor’

Madam Harriet Amponsah, Industrial Relations Officer for the Volta Regional chapter of the Health Services Workers Union (HSWU), has called on the Social Security and National Insurance Trust (SSNIT) halt illegal deductions. She alleged that the SSNIT was deducting 41.9 per cent from pensioners’ salary illegally. Madam Amponsah said SSNIT …

Read More »