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Pensioners plead for increase in monthly pension

The National Association of Pensioners has appealed for substantial upward adjustment of their monthly pension to make things a bit better for them. Mr. Seth Sesi Ametefe, its President, said what they were currently receiving was too meagre, something which had made the going difficult for majority of them. Some …

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Government to help improve insurance performance

Mr Kwaku Kwarteng, the Deputy Minister of Finance, says Government is willing to provide the enabling environment to improve insurance performance by facilitating the regulator; National Insurance Commission, to promote research into the insurance business. He said the industry should, therefore, position itself to benefit from government policy interventions and …

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Police Officers to receive GH¢50,000 insurance cover 

Mr David Asante-Apeatu, Inspector-General of Police (IGP) during the closing ceremony of the training programme for Motor Transport and Traffic Department (MTTD) reform in Accra, said every police officer would soon have GHC 50,000 insurance cover. He said the amount would be used in case of death in line of …

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Ofori-Atta to address first National General Insurance Conference

The Ghana Insurers Association (GIA), under the auspices of the General Insurance Council (GIC), will hold the first-ever National General Insurance conference on October 19th, 2017. The event, set to take place in Accra, will be on the theme: ‘Transforming the General Insurance Industry through Self-Regulation, Financial Capacity and Business Innovation.’ …

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Authority proposes levy on alcohol to fund NHIS

The National Health Insurance Authority (NHIA) has made a proposal to government to levy tobacco and alcohol to fund the National Health Insurance Scheme (NHIS). According to the Authority, the proposal is one of the options of finding additional sources of funding to sustain the NHIS policy, since the 2.5 …

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TUC supports payment of Tier-2 Pension scheme

The Trades Union Congress of Ghana (TUC) has thrown its support behind the demand of public sector workers for the payment of Tier-2 Pension Scheme by government in order to avert an intended indefinite strike. In an interview with the Ghana News Agency on Friday, Mr Joshua Ansah, the Acting Secretary …

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Ghana needs innovative insurance products suitable for Ghanaian market –  Minister

Mr Charles Kofi Adu Boahen, a Deputy Finance Minister, has called for innovative insurance structures and products that are better suited for the Ghanaian market instead of a replication of products and services from the advanced countries. He said the insurance industry was supposed to play a vital role in …

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Enact law to compel insurance companies to tow abandoned vehicles – Chief

Gomoaba Nana Apata Kofi V, Guantoahene of the Gomoa-Ajumako Traditional Area, has advocated for the enactment of a law that would compel insurance companies to tow abandoned vehicles on the highways within three hours after the breakdown. At a press briefing at Gomoa Pomadze, he welcomed the suspension of the new towing …

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Takeover of UT Bank will not affect pension funds – NPRA

The National Pensions Regulatory Authority (NPRA) has assured trustees who appointed UT Bank as their Custodian that their Pension Funds will not be affected by the takeover. NPRA said the current purchase and takeover by the GCB Bank and subsequent withdrawals of their license by the Bank of Ghana would, …

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Ghana government told to formalise informal sector for insurance growth

Mr Solomon Lartey, the Chief Executive Officer of Activa Insurance, Tuesday, urged the Government to formalise the informal sector to enable insurance companies design products targeted at Small and Medium-scale Enterprises. He said insurance must be seen as a tool to encourage private sector investment in national development; a tool …

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