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LeapFrog invests in Ghana’s UT Life

LeapFrog Investments, a specialist investor in emerging markets, has acquired a majority stake in UT Life Insurance Company Ltd, an official statement has said. UT Life is one of the key players in the life insurance sector in Ghana. This is LeapFrog’s third direct investment in Ghana, and second in …

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Prudential Financial and LeapFrog partnership eyes insurance in Ghana

Prudential Financial, Inc (PFI) and LeapFrog Investments have announced the launch of a $350 million investment partnership to access high-growth markets in Africa. A statement issued by PFI to the Ghana News Agency on Friday said, managed by LeapFrog, the new investment vehicle would target investments in life insurance companies …

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Pensions regulator transfers more than GH¢193m to registered schemes

A total of GHȼ193,116,008.95 in employees’ pension funds held in a temporary account at the Bank of Ghana had been transferred to registered schemes, Dr. Nii Kwaku Sowa, Board Chairman of the National Pensions Regulatory Authority (NPRA), has announced. This, he said, was done between November and December 31, last …

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Over GH¢6 billion paid to health insurance service providers

The National Health Insurance Authority (NHIA), has paid over GH¢6 billion claims to about 50 service providers in the Awutu-Effutu Senya area between January and May this year. The money represents outstanding vetted claims for 2014, and January to May, 2015 submitted to the NHIA by the service providers. Mr …

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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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