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Government seeking legal backing to leverage pension fund for affordable housing

Mr Samuel Atta Akyea, the Minister of Works and Housing, has said the Government is pursuing a legislation to leverage 30 per cent of the pension funds for mortgage regime that would enable  contributors to the Social Security and National Insurance Trust to secure affordable housing. The Minister explained that …

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GNAT gives NPRA 72-hour ultimatum to release GH¢1.7b bond

The Leadership of Ghana National Association of Teachers (GNAT) has given the Management of the National Pension Regulatory Authority (NPRA) a three-day ultimatum to release their bond totalling GH¢1.7 billion. Mr David Ofori Acheampong, the General Secretary of GNAT told a press conference that the money had been with the …

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Standard Chartered, Prudential Life enter into bancassurance partnership

Prudential Life Insurance and Standard Chartered Bank have entered into a strategic bancassurance partnership to provide a one-stop shop for exclusive life insurance products to clients. The alliance puts the two institutions in a very strong position to provide a comprehensive range of products to meet all clients’ insurance needs. …

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SIC Insurance records progressive growth

The SIC Insurance Group recorded GHC161,929,753.00 as gross premium for the year ending 2017 compared to GHC160,111,229.00 the previous year, showing a marginal growth of 1.13 per cent. The Net position for the Group recorded a loss of GHC23,472,701.00 as a result of two key transactions incurred by the subsidiary …

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Life insurance products becoming popular in Ghana – GIA

Mr Edward Forkua Kyei, Managing Director of GLICO Life on Tuesday disclosed that Life Insurance products, especially funeral policy, is becoming popular in Ghana. “With these kinds of products, which we classify under insurance and investment, clients get a pay-out at a point in time so they see real benefit from their …

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Nine ex-SSNIT staff charged for causing GH¢238,888 financial loss to the state

Nine former employees of Social Security and National Insurance Trust (SSNIT) have been put before an Accra Circuit Court for forging school certificates and receiving unjustified salaries to the tune of GH¢238,888.78. They are Sylvia Ama Boh, Brenda Bannerman, Joyce Abena Donkor, Susana Okine aka Tetteh Susana, Eric Dzokoto, Javanael …

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SIC Insurance says it’s determined to dominate sector

SIC Insurance Company Limited one of the oldest insurance companies in Ghana, at the weekend, launched an Insurance Penetration Revolution Roadmap, which seeks to increase its market share across all sectors of the economy. The SIC Insurance Penetration Revolution Roadmap seeks to confront deep rooted hindrances in the sector – …

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Upper West NHIA wants 3.5% increase in insurance levy

The National Health Insurance Authority (NHIA) in Upper West Region has proposed a 3.5 per cent increase in the National Health Insurance Levy. This, it said, would help to strengthen the financial position of the scheme for quality health delivery. The government has pegged the levy at 2.5 per cent. …

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An attitudinal change for insurance is needed – GIBA

Mr Shaibu Ali, the Vice President of the Ghana Brokers Association, has called on the public to purchase insurance products from registered brokers as they would get the requisite information to guide them. He said brokers are working harder but there is the need for an attitudinal change on the …

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Government will sustain macro-economic gains – Bawumia

Vice President Dr Mahamudu Bawumia has assured the investors of the government’s unwavering determination to maintain fiscal discipline in order to create a suitable climate for businesses to thrive. He said they would go to every length to sustain the macro-economic gains – build a resilient economy that would give …

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