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African Trade Insurance Agency invests $25b in member countries

The African Trade Insurance Agency (ATI) says it has cumulatively supported $25 billion worth of trade and investments into its member countries since inception. During its 17th Annual General Meeting in Nairobi, Kenya , the ATI urged African governments to intently focus on growing intra-African trade and diversifying their economies …

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Ghanaians urged to plan retirement while in active service

Mr Joshua Ansah, the Deputy Secretary General of the Trades Union Congress (TUC), has said there is the need for all workers to carefully plan their retirement while in active service. He said pension issues is a major concern for the TUC adding that it is essential Union members educated …

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Workers in informal sector get pension scheme

Mr Samuel Bediako Waterberg, the Chief Executive Officer of People’s Pension Trust Ghana Limited, has said about 12 million Ghanaians do not have access to a pension scheme. He said 85 per cent of the workforce in the country falls under the informal sector and they could not save for …

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Pension scheme must be improved – Agyemang

Collins Badu Agyemang, an Industrial and Organisational Psychologist, has advised that the pension system should be revised in order to reduce the menace of age manipulation. He said research indicated that people did not have confidence in the pensions arrangement in the country when the issue of age manipulation came …

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NSIA Insurance Ghana launches Apakan motor insurance

NSIA Insurance opened its new office at Lapaz, in Accra with the launch of Apakan, an innovative motor insurance product tailored, especially for taxi and commercial drivers. The product pre-finances the motor insurance cost and provide the flexibility to car owners to pay off within 12 months. Mr Aaron Packeys, General …

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Commissioner tells insurance companies to offer fair customer service

Madam Lydia Lariba Bawa, the Commissioner of the National Insurance Commission, on Tuesday urged insurance companies to treat their customers fairly to improve customer satisfaction and confidence in the sector. She said fair treatment of customers required sales agents to clearly explain the features and all terms and conditions of the …

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Finance Minister inaugurates SSNIT Board

Mr Ken Ofori-Atta, the Finance Minister on Thursday inaugurated an 11-member Social Security and National Insurance Trust (SSNIT) Board of Trustees with a charge on them to use their expertise to ensure the Trust’s prosperity and robustness.  He urged the members to adopt prudent management practices to ensure that pensions …

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Insurance penetration in Ghana too low – PEF

Nana Osei Bonsu, Chief Executive Officer of the Private Enterprise Foundation (PEF) has bemoaned the low penetration of the insurance industry in the country. He described the industry’s less than two per cent contribution to the country’s gross domestic product as “woefully inadequate”, and called for high level collaboration among …

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NPRA sensitises general public on three-tier pension scheme

A special provision has been made in the third-tier voluntary personal pension scheme of the new three-tier pension scheme to cater for the peculiar needs of workers in the informal sector of the economy. The informal sector, which constitutes about 80 per cent of Ghana’s workforce, would elect to contribute …

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One million informal sector workers to be registered on new pension scheme

The National Pensions Regulatory Authority (NPRA) has targeted to register about one million informal sector workers on its new three-tier pension scheme by close of 2017. Mr Emmanuel Awuku Dagbanu, Corporate Affairs Manager of NPRA, disclosed this at an outreach programme in Bolgatanga to sensitise the public on the new …

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