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SIC Insurance says it’s determined to dominate sector

SIC Insurance Company Limited one of the oldest insurance companies in Ghana, at the weekend, launched an Insurance Penetration Revolution Roadmap, which seeks to increase its market share across all sectors of the economy. The SIC Insurance Penetration Revolution Roadmap seeks to confront deep rooted hindrances in the sector – …

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Upper West NHIA wants 3.5% increase in insurance levy

The National Health Insurance Authority (NHIA) in Upper West Region has proposed a 3.5 per cent increase in the National Health Insurance Levy. This, it said, would help to strengthen the financial position of the scheme for quality health delivery. The government has pegged the levy at 2.5 per cent. …

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An attitudinal change for insurance is needed – GIBA

Mr Shaibu Ali, the Vice President of the Ghana Brokers Association, has called on the public to purchase insurance products from registered brokers as they would get the requisite information to guide them. He said brokers are working harder but there is the need for an attitudinal change on the …

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Government will sustain macro-economic gains – Bawumia

Vice President Dr Mahamudu Bawumia has assured the investors of the government’s unwavering determination to maintain fiscal discipline in order to create a suitable climate for businesses to thrive. He said they would go to every length to sustain the macro-economic gains – build a resilient economy that would give …

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National Pension Regulatory Authority gets new board

An 11-member board of the National Pension Authority (NPRA) has being jointly inaugurated by Mr Ken Ofori-Atta, Minister of Finance and Mr Ignatius Baffour-Awuah, Minister of Employment and Labour Relations. The new board is under the chairmanship of Mr Paul Simon Koranteng, a retiree and the representative of the President. …

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NHIS has ran out of funds – CEO

Dr Samuel Yaw Annor, the Chief Executive Officer of the National Health Insurance Authority (NHIA) on Tuesday said the scheme had ran out of funds to operate. He said the scheme had zero reserves and owed service providers huge sums of money and appealed for ways of getting funds to …

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Zenith Bank and Prudential Life launch insurance solutions 

Zenith Bank Ghana Limited, one of the most reputable and innovative banks in Ghana, and Prudential Life Insurance Ghana, one of the leading insurers in the country, have entered into a long-term partnership. They have subsequently launched four innovative Bancassurance solutions to protect Ghanaians, namely the Zenith Life, Education, Farewell …

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Minister announces a 30% drop in NHIS medicine prices 

Mr Kwaku Agyeman-Manu, the Minister of Health on Friday, announced that effective July 1, 2018, all medicine prices under the National Health Insurance Scheme (NHIS), would be dropped by an average of 30 per cent. The Health Minister said the decision followed the acceptance of the Committee set up by …

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SSNIT Pensioners Medical Scheme said to be viable 

Pensioners Medical Scheme (PMS) initiated by the National Pensioners Association (NPA) of the Social Security and National Insurance Trust (SSNIT) has hit its third milestone with remarkable breakthroughs. Mr Edward Ameyibor, SSNIT NPA General Secretary, told the Ghana News Agency in an interview that the PMS was set-up as a …

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Establish an Agriculture Insurance Policy to build confidence-GAIP

Alhaji Ali Muhammad Katu, General Manager of Ghana Agricultural Insurance Pool (GAIP), on Monday called on the government to take steps to urgently institute a Ghana Agriculture Insurance Policy to protect the investment of farmers and build confidence in the sector. He explained that such a policy would transform the …

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