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Nationwide Medical Insurance launches micro-health insurance product

Nationwide Health Insurance Company Limited, a leading indigenous private health insurance company in partnership with Roche, has launched the first ever micro-health insurance product on the Ghanaian market. The product known as “My Health” is designed to provide every resident in Ghana the opportunity to access quality, affordable and convenient …

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SSNIT is not robbing pensioners – Manager

Mr Sulley Abukari, Ho Branch Manager of the Social Security and National Insurance Trust (SSNIT), has said it is untrue that the Scheme was short-changing pensioners. He said the annuity factor which did not exceed 60 per cent was calculated on a pension right of 2.5 per cent per year …

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Cocoa farmers call for pension scheme

The Afosu Area Cocoa Farmers Association in the Birim North District of the Eastern Region has appealed to government to institute a pension scheme for cocoa farmers to free them from poverty in old age.  This could be done by deducting tokens from their sales proceeds to sustain the scheme. …

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SSNIT accused of robbing pensioners with its ‘annuity factor’

Madam Harriet Amponsah, Industrial Relations Officer for the Volta Regional chapter of the Health Services Workers Union (HSWU), has called on the Social Security and National Insurance Trust (SSNIT) halt illegal deductions. She alleged that the SSNIT was deducting 41.9 per cent from pensioners’ salary illegally. Madam Amponsah said SSNIT …

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MTN Ghana partners aYo to offer insurance service

Leading Communications Company, MTN Ghana has entered into a partnership with aYo, an insurance company, underwritten by Metropolitan Life, to deliver tailor made services to its customers. The partnership would see the insurance company introduce the aYo send with care, a product which allows MTN mobile money subscribers to add …

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African Trade Insurance Agency invests $25b in member countries

The African Trade Insurance Agency (ATI) says it has cumulatively supported $25 billion worth of trade and investments into its member countries since inception. During its 17th Annual General Meeting in Nairobi, Kenya , the ATI urged African governments to intently focus on growing intra-African trade and diversifying their economies …

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Ghanaians urged to plan retirement while in active service

Mr Joshua Ansah, the Deputy Secretary General of the Trades Union Congress (TUC), has said there is the need for all workers to carefully plan their retirement while in active service. He said pension issues is a major concern for the TUC adding that it is essential Union members educated …

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Workers in informal sector get pension scheme

Mr Samuel Bediako Waterberg, the Chief Executive Officer of People’s Pension Trust Ghana Limited, has said about 12 million Ghanaians do not have access to a pension scheme. He said 85 per cent of the workforce in the country falls under the informal sector and they could not save for …

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Pension scheme must be improved – Agyemang

Collins Badu Agyemang, an Industrial and Organisational Psychologist, has advised that the pension system should be revised in order to reduce the menace of age manipulation. He said research indicated that people did not have confidence in the pensions arrangement in the country when the issue of age manipulation came …

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NSIA Insurance Ghana launches Apakan motor insurance

NSIA Insurance opened its new office at Lapaz, in Accra with the launch of Apakan, an innovative motor insurance product tailored, especially for taxi and commercial drivers. The product pre-finances the motor insurance cost and provide the flexibility to car owners to pay off within 12 months. Mr Aaron Packeys, General …

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