Home / Insurance (page 30)

Insurance

Health partners express concern about sustainability of NHIS

Stakeholders in the health sector have expressed concern about the sustainability of the National Health Insurance Scheme (NHIS) for the long term and described it as “being at risk”. Speaking at the opening of a five-day Ministry of Health April 2012 Summit on the theme “Going Beyond Strategy to Action; …

Read More »

Workers sensitized on new pension-third tier

Dr Yaw Baah, the Deputy Secretary General of the Ghana Trade Union Congress (GTUC), has urged public servants to contribute high wages to their pension scheme. He indicated that, if workers see to the regular contributions to the pension scheme, their retirement income would be secured. Dr Baah, who is …

Read More »

Africa has 5% market share as world micro insurance reaches 500 million persons – ILO

The number of microinsurance schemes worldwide has increased substantially over the past five years and now reaches an estimated 500 million worldwide as Africa’s share of the market remains low, according to a new report published by the International Labour Organization April 10, 2012. Titled “Microinsurance Compendium, Protecting the poor”, …

Read More »

Study reveals 23 million Ghanaians without insurance policy

More than 23 million Ghanaians are living without any form of insurance policy, a study commissioned by the National Insurance Commission has revealed. The study, conducted by Fin Mark Trust, an Irish market research outfit, said only five per cent of Ghana’s 24 million population had signed onto any form …

Read More »

Ghanaian lawmakers to benefit from insurance cover

Vanguard Assurance, a leading insurance company in Ghana has come up wih an innovative policy that is aimed at protecting both incumbent members of parliament and aspiring parliamentarians as they embark on their duties and campaigns for Election 2012 and beyond. Known as the Vanguard Honourable Personal Protection Policy (VHPPP), …

Read More »

Investors seek $8.9m MIGA insurance risk cover for Ghana biomass project

Investors involved in the production of biomass have applied for an insurance cover totaling $8.9 million from the World Bank’s Multilateral Investment Guarantee Agency (MIGA) for a biomass project in Ghana. According to MIGA, the project involves the establishment of a greenfield company, Takoradi Renewable Energy Limited, which will produce …

Read More »

Ghana gets $150m OPIC political risk insurance for water rehabilitation project

The Board of Directors of the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has approved $150 million in political risk insurance to support the rehabilitation of nearly half the municipal water purification systems in Ghana. “The OPIC insurance will cover the Ghana National Water Infrastructure Modernization …

Read More »

Multiple names delay SSNIT contributors’ benefits

Multiple names and dates of birth in the records of the Social Security and National Insurance Trust (SSNIT) make processing of beneficiaries’ claims difficult, Mr Charles Boisiako Antwi, Upper East Regional Manager of the Trust, said on Monday. He said date inconsistencies in names and births continued to show up when filing …

Read More »

Informal sector lauds new pension scheme

Participants from the informal sector in Brong-Ahafo Region have commended government for the implementation of the new three-tier pension scheme under the New Pensions Law (National Pensions Act, 2008-Act 766) describing it as timely, laudable and relevant. The more than 200 participants including farmers, market women and traders, artisans, mechanics, …

Read More »