Home / Insurance (page 12)

Insurance

One million fishermen to benefit from insurance policy

More than one million fishermen would benefit from the insurance policy instituted by the Government to safeguard the safety of their canoes, outboard motors, nets and other fishing inputs. Madam Sherry Ayittey, the Minister of Fisheries and Aquaculture Development, made this known at a meeting with some fishmongers drawn from …

Read More »

SSNIT authorities unhappy with defaulters

The Social Security and National Insurance Trust (SSNIT), says out of the 4,406 registered employers operating in Takoradi, only 1,639 representing 37 per cent made contributions on behalf of 27, 979 employees. Dr Prosper Ayisah, Western and Central Manager of SSNIT He said, statistics as in April this year, gave …

Read More »

Ghanaians urged to patronise life insurance products

Mrs Lydia Lariba Bawa, the Commissioner of Insurance, has urged Ghanaians to adopt and patronise micro-insurance products, particularly Life Insurance, as a way of life. She said in recent times individuals had used life insurance as a way to either kick-start business ventures or even boost already existing ones as …

Read More »

Ghana Medical Association expresses concern about collapsing of health insurance

The National Executive Council (NEC) of the Ghana Medical Association (GMA), has expressed concern about the collapse of the National Health Insurance Scheme (NHIS). Speaking at a news conference in Bolgatanga, after the end of the third NEC Meeting of the GMA for the year 2016, the President of the Association, …

Read More »

PPP pledges to streamline health insurance

A government of the Progressive People’s Party (PPP) would streamline the National Health Insurance Scheme (NHIS) to make it run efficiently. Mr. Lawrence Appiah, the Ashanti Regional Chairman, said the list of diseases covered by the insurance would also be expanded to make the scheme beneficial to large section of …

Read More »

Fitch sees rising risks as Chinese insurers invest overseas

Credit rating agency, Fitch says rapid growth in overseas investment by Chinese insurance companies could lead to rising risks in a number of areas, including asset-liability duration, currency mismatches, asset concentration risks and execution risks from mergers and acquisitions. Chinese insurance companies are said to have ramped up their overseas …

Read More »

Insurance contribution to GDP still unimpressive – Commissioner

The Commissioner of Insurance Ms Lydia Lariba Bawa, says the contribution of insurance to Ghana’s gross domestic product (GDP) is still a little above one per cent, while the rates are higher in other African Countries. She explained that Kenya and Mauritius, for instance, contributed 3.1 per cent and 3.7 …

Read More »

Minister tasks insurance sector to fund SMEs

The insurance sector should partner the Government to provide financial support to Small and Medium Scale Enterprises (SMEs) at reduced costs to enhance job creation and sustained national development. Dr Rashid Pelpuo, a Minister of State at the Office of the President in-Charge of Private Sector Development and Public Private …

Read More »

National Health Insurance Authority reaches GH¢9m premium in Greater Accra

The National Health Insurance Authority (NHIA) says the Greater Accra Region exceeded its premium collection target of GH¢6 million for 2015 after officials introduced innovative strategies to woo more beneficiaries. The Region raked in about GH¢9 million which was more than the expected GH¢6 million mark the Authority set for …

Read More »

Technical Committee to restructure NHIS constituted – President Mahama

President John Dramani Mahama on Thursday said he had constituted a technical committee to make proposals that would contribute to a fundamental redesigning of the National Health Insurance Scheme (NHIS) to address Health Sector financing. He said financing of the health sector remained a challenge, hence the decision to redesign …

Read More »