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France, IFAD sign financing agreement to assist agric index insurance in West Africa

The Agence Française de Développement (AFD) and the International Fund for Agricultural Development (IFAD), have signed a financing agreement to support the development of agricultural index insurance in West Africa. The agreement was signed by the Chief Executive Officer of the AFD, Mr Dov Zerah and President of the IFAD …

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Three arrested for pension fraud

Three suspects have been arrested for allegedly defrauding the Social Security and National Insurance Trust (SSNIT) to the tune of GH¢4,264.68, being claims of a contributor to the trust, Samuel Biney, who died in April 2006. The suspects, identified as Mary Intarmah, a trader; Alfred Ansah, a court bailiff, and …

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Health insurance capitation cuts down unnecessary claims payment – NHIS

The National Health Insurance Authority (NHIA) has defended the insurance capitation system, insisting that, it has cut down waste. Mr Eric Ametorquame, the Deputy Director of Corporate Affairs, said it has stopped unnecessary claims payment. The capitation is being piloted in the Ashanti Region and has met some resistance from …

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World Bank, Dutch gov’t launch $3m agric insurance for farmers in Africa, Asia

The World Bank and the Netherlands government on May 22, 2012 launched a $3 million joint programme to reduce farmers’ financial vulnerability to crop and livestock losses. The programme known as the Agricultural Insurance Development Programme (AIDP) will initially focus on a few countries in Africa and Asia, with the possibility …

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Authorities asked to facilitate payment of health insurance claims

Mr Frank Donkor, Health Insurance Scheme Claim Officer of the Seventh-Day Adventist  Hospital in Sunyani, has called on authorities of the scheme to ensure that payment of health care services claims was done  within four weeks as demanded by law. He said “Government should find more sources of funding, to …

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Ghana hosts maiden Micro Insurance Conference

Ghana on Wednesday hosted the maiden International Micro insurance Conference to provide the industry with creative ideas and practical implementation to manage livelihood risks. Learning sessions have therefore, been designed to provide international perspective on opportunities and challenges involved in providing micro insurance services, taking into consideration the current stage …

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NHIS warns health providers over expired drugs

Mr Alfred Agamah, the Sunyani Municipal Manager of the National Health Insurance Scheme (NHIS), on Thursday cautioned health providers and pharmacists against administering expired drugs to patients. He was addressing the first quarter performance review meeting of the scheme with stake holders at Abesim. Mr Agamah said some hospitals prescribed …

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Enterprise Life Assurance pays GH¢10m insurance claims in 2011

Enterprise Life Assurance Company Limited (ELAC) paid GH¢10,000,000 claims to policy holders for 2011, Mrs Jackie Benyi, Deputy General Manager in-charge of distribution made this known on Monday. She said the company’s sales force grew by 44 per cent over the previous year, creating employment opportunities for 190 youth. Mrs …

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FirstBanc holds workshop on new Pension Scheme

FirstBanc Financial Services (FFS), an investment banking firm, at the weekend organized a day’s workshop on the new Pension Act to help institutions roll out the Three-Tier Pension scheme before the deadline for registration. The National Pension Regulatory Authority (NPRA) had set June 29, 2012 as the deadline for companies …

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Insurance firms urged to partner churches for mutual benefit

Insurance companies have been tasked to adopt efficient marketing and advertizing strategies based on a win-win approach for effective business partnership to the mutual benefit of the companies and churches. Network of Associations of Registered non-governmental organizations (NGO’s) in Ghana, which made the call on Tuesday, asked insurance companies to …

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