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SSNIT Informal Sector Fund introduced in Hohoe

Mr Kwasi Boatin, Director-General of Social Security and National Insurance Trust (SSNIT) on Friday said its subsidiary Informal Sector Scheme has the potential to facilitate the development efforts of government due to its capacity for enormous savings mobilization. He said pension funds play significant role in the development of financial …

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Provident Insurance launches Life Assurance Company, three products

Provident Insurance Company Limited on Thursday launched its Life Assurance Company dubbed “ProvidentLife” and three new products to give its clients a wider variety of services. The products, ProvidentLife Educator Plan, ProvidentLife International Travel Health Insurance, and 50 Plus Security Plan are tailored to suit the current needs of the …

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Ghana government makess GH¢153.3m from health insurance in first half 2009

Dr Kwabena Duffuor, Minister of Finance and Economic Planning on Tuesday said about GH¢153.3 million was realised from the National Health Insurance Levy (NHIL) within the first six months of 2009.        This was against a budget target of GH¢140.9 million with the out turn of 20.3 per cent higher …

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Volta Region lags behind in National Health Insurance coverage – Kumbuor

The Volta Region is lagging behind in the coverage of the National Health Insurance Scheme, Dr Benjamin Kumbuor, Deputy Minister of Health said on Tuesday.      He said; “A national comparative analysis on the proportion of population covered by the scheme revealed that the region was behind”.      Dr Kumbuor …

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Two National Health Insurance providers suspended for malfeasance

The National Health Insurance Authority (NHIS) on Tuesday suspended the County Hospital and Atasomanso Hospital, both heath facilities in Kumasi, from providing services to NHIS subscribers for three months, for discrepancies.      Their certification as NHIS providers had also been redrawn after a clinical audit cited them for double billing, …

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Mahama demands innovations from Ghana’s insurance industry

Vice President John Dramani Mahama on Friday charged operators in the insurance industry to adopt novel strategies in expanding the sector so as to make it a major player in the economy than it is at the moment. He said the over reliance of insurance companies on third party premiums …

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New pension scheme to begin January 2010

The implementation of a new three tier pension scheme is to begin in January 2010, Mr John Jinapor, an Aide to the Vice President, disclosed this to the GNA on Friday. He said it was the outcome of a meeting conveyed by the Vice President John Mahama to dialogue with …

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Private hospitals cautioned against over-billing National Health Insurance

Mr Sylvester Mensah, Chief Executive Officer (CEO) of the National Health Insurance Authority (NHIA), has cautioned private hospitals against over-billing under the National Health Insurance Scheme (NHIS) that was crippling the scheme. He cited that private medical practitioners presented bills for the treatment of common malaria and admissions as if …

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Minister urges health insurance scheme Managers to deepen public education

Mr Samuel Ofosu-Ampofo, Eastern Regional Minister, on Monday challenged mangers of the National Health Insurance Scheme (NHIS) to deepen public education on the negative effects of abusing the system. “You need to take up the responsibility to explain to the people that it would do the scheme a lot of …

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Ghana’s informal sector pension scheme takes off

More than 40,000 people have subscribed to the Social Security and National Insurance Trust (SSNIT) Informal Sector Fund, a subsidiary of SSNIT that operates on a blend of the usual pension scheme and “Susu” contributions. The Fund, which is yet to be launched formally, began on a pilot basis in …

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