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TUC criticises NPRA over pension reforms

The Trades Union Congress (TUC) has taken a swipe at the National Pension Regulatory Authority (NPRA) for failing to carry out adequate public education on the new pension reforms. Addressing journalists in a day’s workshop in Takoradi on Tuesday, Mrs Rose Kwei, Head of the Informal Economy Desk of TUC, …

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Review SSNIT Pension Scheme – NPA

The National Pensioners Association (NPA) of the Social Security and National Insurance Trust (SSNIT), on Monday appealed to government to engage all stakeholders to review the current pension’s scheme to better the lives of pensioners. The problems of SSNIT pensioners needed immediate intervention by government as well as stakeholders in …

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Health workers protest against PAT to manage pension affairs

The Health Services Workers Union (HSWU) has stated its protest over the inclusion of Pensions Alliance Trust as a Corporate Trustee in the management of their pension affairs. HSWU said it would not allow government to impose on it any clandestine Scheme which has the potential to reduce their retirement …

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Delays in NHIS funds payment disables Tema Polyclinic

Dr William Darko, Acting Medical Officer in-charge of the Tema Polyclinic, has said the delay in the payment of the NHIS bills has made it difficult for the Polyclinic to purchase drugs to run the facility. He said the National Health Insurance Scheme (NHIS) is yet to pay the Tema …

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Review NHIS capitation scheme – Director

The Bosomtwe District Director of Health Service, Mr Joseph Adomako, has called for a review of the National Health Insurance Scheme (NHIS) Capitation after having been piloted in the Ashanti Region for more than a year. He said it was time to take a firm decision to either continue with …

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A.M Best affirms ‘B’ rating on Ghana Reinsurance’s financial strength

The global insurance rating agency, A.M. Best has affirmed the financial strength rating of “B” (Fair) and issuer credit rating of “BB” of Ghana Reinsurance Company Limited (Ghana Re) as its outlook for both ratings remains stable. The ratings of Ghana Re, according to A.M. Best, reflect its excellent level …

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Government advised to introduce life insurance policy for employees

Government has been advised to take a minimum life insurance policy for all its employees as a means of lending support to the life insurance companies to thrive. Mr Edmund Diamond Addo, General Manager of Donewell Life Company Limited (DLCL), who gave the advice, added that the Government could enact …

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Phoenix Insurance targets 35% premium income in 2013

Phoenix Insurance (PI), a private insurance company, has this year targeted to rake-in 35 per cent more of the premium income it earned during the 2012 financial year. Mr Michael Okyere Baafi, Head of Marketing with PI, who disclosed this to the Ghana News Agency on Tuesday in Accra, said …

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For the first time136 Ghanaian smallholder farmers receive US insurance claims

Smallholder farmers totalling 136 in Ghana received insurance claims in 2012 under a new scheme introduced by US programme, Feed the Future (FtF). All the smallholder farmers in the Northern Region received claims under the drought-index insurance scheme – the first time in the history of Ghana that the agriculture …

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SSNIT increases pensions pay for 2013

The Social Security and National Insurance Trust (SSNIT) has increased pensions-in-payment by a fixed rate of 12 per cent and a flat amount of GH¢21.36 per pensioner for 2013. A statement signed by Ms. Evangeline Amegashie, Corporate Affairs Manager and copied to the Ghana News Agency in Accra on Wednesday …

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