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Vanguard Assurance to compensate Achimota Melcom

Vanguard Assurance Company Limited (VACL), insurers of the collapsed Achimota Melcom Shopping Mall on Wednesday said it would evaluate destroyed goods and provide the needed compensation to the management of Melcom. Mr Fred Lamptey, Chief Operating Officer of VACL who disclosed this to journalists during a visit to the site …

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MIGA insures seawater desalination plant in Ghana with $179.2m

MIGA has given $179.2 million  worth of investment guarantees for a seawater desalination project in Ghana. The project is expected to provide clean, safe drinking water to 500,000 residents in Accra when completed. The political risk insurance arm of the World Bank Group in a statement November 7, 2012 announced …

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Stanbic Bank launches FuneralPlan insurance product

Stanbic Bank has launched a funeral insurance product to provide individuals and families the financial support to lessen the cost burden during funerals. Dubbed: “Stanbic FuneralPlan”, the product is underwritten by Metropolitan Life Ghana, a leading insurance company in the country. Launching the product, the Managing Director of Stanbic Bank, …

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Ghana Re chalks 40

The Ghana Reinsurance Company Limited (Ghana Re) has held its 40th Anniversary retreat in Accra, with a call on Ghanaians to insure their property to enable them recoup their losses. The aim of the retreat was to bring unity among partners in Ghana, to help address the grievances of clients …

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Remove impediments on pensioners’ path – Rural Bank

The Marketing Officer of Akuapem Rural Bank, Mr Samuel Boateng Nkansah, has called on workers to help remove impediments in the way of pensioners so that when they retire, they would not suffer the same fate. He said some of the impediments in the way of pensioners as forming long …

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Government to roll out social pension schemes – Minister

Government would roll out appropriate social pension schemes to provide income security for those who are unable to contribute to any social security schemes. Mr Moses Asaga, Minster of Employment and Social Welfare, who made this known at the weekend, said the scheme would be implemented side by side with …

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Trust Hospital to break away from SSNIT control by 2013

The Trust Hospital Company Limited (THCL) has positioned itself to meet health challenges being envisaged as it breaks off completely from the Social Security National Insurance Trust (SSNIT) by 2013 to become purely private entity. The hospital had also factored in some infrastructural health facilities in selected areas known as …

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National Pension Scheme in safe hands – NPRA

The National Pensions Regulatory Authority (NPRA)  has assured Ghanaians that the Pension Scheme is in safe hands and as well on its way to achieve the goals and objectives set out for it. It explained that despite some challenges, especially resource constraints it had not hampered the activities of the …

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Ghana Agricultural Insurance pays first claims to farmers

Close to 140 farmers (136) in the Northern Region became the first recipients of claims under the Drought Index Insurance Product in Ghana offered by the Ghana Agricultural Insurance Pool (GAIP). This marks a historic milestone in Ghana as it is the first time that the agricultural sector receives compensation …

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StanChart introduces first women-only insurance product

Standard Chartered Bank (SCB) in partnership with Enterprise Life Assurance Company on Tuesday introduced Care4Ladies Insurance Plan, the first ladies-only insurance product in the market. The Care4Ladies insurance plan is a life assurance policy designed specifically for the female customers of Standard Chartered who desire to make provision for their …

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