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Tobinco Pharmaceuticals enters Ghana’s insurance industry

The Commissioner of Insurance, Mrs Nyamike Kyiamah, has presented an operational licence to Priority Insurance Company Limited, a subsidiary of Tobinco  Pharmaceuticals, to commence insurance business in the country. Making the presentation,  Mrs Kyiamah said the company had been taken through the necessary checks and had met all the financial, …

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CLOGSAG against selection of Pensions Alliance Trust to manage Tie 2 Pension

The Civil and Local Government Staff Association, Ghana (CLOGSAG) has expressed surprise about the selection of Pensions Alliance Trust Limited to manage the Occupational Pension Scheme of the Association also known as Tier 2. Pensions Alliance Trust is a private corporate Trustee. A statement issued by Isaac Bampoe Addo, Executive …

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Dr Duffuor wants public confidence restored in Ghana’s insurance industry

Dr Kwabena Duffuor, Minister of Finance and Economic Planning, on Monday called on players in the insurance industry to work hard to restore public trust and confidence in their operations. He said premium undercutting, unbridled granting of credit that resulted in unethical competitive practices that limited the insurance company’s ability …

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Owners, occupiers of commercial buildings asked to insure them

Mr Simon NK Davor, Deputy Commissioner of Insurance on Thursday called on owners and occupiers of commercial buildings to insure their properties as required by the Insurance Act 2006 (Act 724). He stressed that Section 183(1) of Act 724 states that “A person shall not construct or cause to be …

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Ghana to host two-day Annual Insurance Confab for West Africa

Ghana would on Monday November 12 play host to a two-day Annual Conference dubbed: “WAICA Accra 2012” aimed at encouraging exchange of business among member insurance companies within West Africa. The Conference is also to encourage the development of the insurance market in each member country on sound and technical …

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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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