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Pension Funds Release to spur innovation in asset management – STANLIB

STANLIB Ghana Ltd, a leading asset management firm, says the release of the tier-two pension funds would help boost innovation and spur growth in the asset management industry. Speaking in an interview with a section of the media in Accra, Mr Emmanuel Alex Asiedu, Chief Executive Officer, STANLIB Ghana, said …

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National Pension Scheme transfers Funds

The National Pensions Regulatory Authority (NPRA) has transferred a total of GH¢193,116,008.95 to Licensed Trustees administering mandatory 2nd Tier Occupational Pension Schemes. The amount represents total funds transferred to Trustees in 2015. The Authority commenced the transfers in November this year after applicants (Licensed Trustees) had successfully gone through validation …

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NPRA starts transfer of tier-two pension funds

The National Pensions Regulatory Authority (NPRA) says, the transfer of workers’ tier-two pension funds held in a temporary account at the Bank of Ghana (BOG) to the appointed fund managers, has started. Mr. Kofi Anokye Owusu-Darko, the acting Chief Executive Officer, said the expectation was that this should be completed …

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Ghana’s insurance industry has to be exploited for development – Amissah-Arthur

Vice President Kwesi Amissah-Arthur has stated that the potential of the country’s insurance industry was great and has to be fully exploited for the development of the economy. He also challenged the professionals in the insurance industry to do more to enhance the growth of the sector. Vice President Amissah-Arthur …

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Report calls for improvement of NHIS performance to satisfy clients

A research report on Client Perceptions of Health Insurance Systems in Ghana has called for improvement in the performance of the scheme to ensure client satisfaction. It also recommends improvement in the areas of networking, communication, client centeredness, service management and exemptions in the scheme. The report says, “There is …

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National Insurance Commission to enforce risk-based solvency framework

Ms Lydia Lariba Bawa, the Commissioner of Insurance, on Wednesday, announced that the National Insurance Commission (NIC) would be enforcing a risk-based solvency framework effective January 2016, to ensure consumer protection. According to her the action is to ensure that insurance companies keep adequate capital and make technical provisions to …

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NHIA asked to review NHIS tariffs

Mr Francis Tawiah, Administrator of the Nkoranza Saint Theresa’s Catholic Hospital, has suggested the need for the National Health Insurance Authority (NHIA) to review upwards the tariffs of National Health Insurance Scheme(NHIS). The upward review, he explained, would enable the service providers to meet the increasing cost of medicines and …

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Research advocates for increase of NHIS premium

A research conducted by the Navrongo Health Research Centre in the Kassena-Nankana Municipal and the Kassena –Nankana West of the Upper East Region is advocating for the increase of the National Health Insurance Scheme premium to help improve upon the health services delivery. This was revealed at a stakeholders meeting …

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Health insurance providers threaten to return to ‘cash and carry’

The Health Insurance Service Providers Association of Ghana (HISPAG), has threatened to return to the cash and carry system if the National Health Insurance Scheme (NHIS) claims of members were not paid to them in the next two months. Speaking at a press conference organized by the group in Bolgatanga, …

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Insurance for fishermen to be launched in December

Plans are set for the government to roll out life insurance policies for fisher folks across the country in December, Ms Sherry Ayitey, Minister of Fisheries and Aqua-Culture has hinted. She explained that the policy was aimed at cushioning fishermen with payment of compensation in the event of personal accidents …

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