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CDH Ghana to expand to five African countries in 2013

CDH Financial Holdings (Ghana) will in the coming year expand its operations to five other African countries as part of its efforts to make the company a continental one. The countries to experience the services of the company are Zimbabwe, Zambia, Liberia and Sierra Leone. Mr Emmanuel Adu-Sarkodee, Group Chief …

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Activa introduces credit insurance unto Ghanaian market

Activa International Insurance, Ghana, in partnership with Coface Group, is introducing credit insurance onto the Ghanaian market to enable businesses to have more access to bank loans and increase their receivables to boost economic growth. Mr Stephen Kyerematen, Chief Executive Officer of Activa International Insurance, Ghana, stated at the product …

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Pensioners appeal for upward adjustment of allowance

The Central Region branch of the Social Security and National Insurance Trust (SSNIT) Pensioners Association, on Friday appealed to the government to adjust their allowance upwards to enable them lead decent lives. The members pointed out that about 50 per cent of them earned less than GH₵100.00 a month as …

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Three firms make social contribution to SSNIT after court summon

Three companies have paid to the Social Security and National Insurance (SSNIT) a total amount of GH¢4,306.48 as social security contributions. The amount represents contributions of their staff and penalty after the trust instituted court action against them. The companies located within the operational area of the Tema East Branch …

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Ghana to introduce life insurance policy for fishermen

Ghana’s President John Dramani Mahama on Thursday gave the assurance that government would in the next four years introduce life insurance policy for all the fishermen in the country. The facility, he said, would serve as cover for the families of fisherfolk in times of serious disasters to the fishermen. …

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Ghana secures $119.5m US OPIC insurance cover for major agric projects

After sourcing for funds to strengthen agricultural value chain in the country, Ghana’s Ministry of Food and Agriculture (MOFA) has secured an amount of $119.5 million in political risk insurance from US agency, the Overseas Private Investment Corporation (OPIC). The Ministry is embarking on some major agricultural projects that will …

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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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