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National Pension Regulatory Authority gets new board

An 11-member board of the National Pension Authority (NPRA) has being jointly inaugurated by Mr Ken Ofori-Atta, Minister of Finance and Mr Ignatius Baffour-Awuah, Minister of Employment and Labour Relations. The new board is under the chairmanship of Mr Paul Simon Koranteng, a retiree and the representative of the President. …

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NHIS has ran out of funds – CEO

Dr Samuel Yaw Annor, the Chief Executive Officer of the National Health Insurance Authority (NHIA) on Tuesday said the scheme had ran out of funds to operate. He said the scheme had zero reserves and owed service providers huge sums of money and appealed for ways of getting funds to …

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Zenith Bank and Prudential Life launch insurance solutions 

Zenith Bank Ghana Limited, one of the most reputable and innovative banks in Ghana, and Prudential Life Insurance Ghana, one of the leading insurers in the country, have entered into a long-term partnership. They have subsequently launched four innovative Bancassurance solutions to protect Ghanaians, namely the Zenith Life, Education, Farewell …

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Minister announces a 30% drop in NHIS medicine prices 

Mr Kwaku Agyeman-Manu, the Minister of Health on Friday, announced that effective July 1, 2018, all medicine prices under the National Health Insurance Scheme (NHIS), would be dropped by an average of 30 per cent. The Health Minister said the decision followed the acceptance of the Committee set up by …

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SSNIT Pensioners Medical Scheme said to be viable 

Pensioners Medical Scheme (PMS) initiated by the National Pensioners Association (NPA) of the Social Security and National Insurance Trust (SSNIT) has hit its third milestone with remarkable breakthroughs. Mr Edward Ameyibor, SSNIT NPA General Secretary, told the Ghana News Agency in an interview that the PMS was set-up as a …

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Establish an Agriculture Insurance Policy to build confidence-GAIP

Alhaji Ali Muhammad Katu, General Manager of Ghana Agricultural Insurance Pool (GAIP), on Monday called on the government to take steps to urgently institute a Ghana Agriculture Insurance Policy to protect the investment of farmers and build confidence in the sector. He explained that such a policy would transform the …

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Some 20% of Ghanaians will need pension support in old age – World Bank

The World Bank has pointed out that 20 per cent of Ghana’s population will in the future need old age support requiring higher expenditure in social security. The Ghana Country Director of the Bank, Henry Kerali noted that the World Bank’s analysis indicates that the Social Security and National Insurance …

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MTN Ghana launches trader’s pension scheme

MTN Ghana has launched a new initiative dubbed; ‘My Own Pension” to enable traders in the informal sector to save some money for their retirement just as the formal sector. “My Own Pension,” which goes with the slogan “Pension Papa Paa,” seeks to bridge the gap between the sectors to …

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Western and Central Pensioners want deductions halted

The Takoradi Branch of the SSNIT Pensioners’ Association together with the Central Regional Branch have unanimously called on the National Executives to halt the four Cedis deduction into the Pension Mutual Scheme.  The members said it had been four solid years of the implementation of this scheme without the commiserate …

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Explore alternative sources of funding pension schemes – Bawumia

Vice President Dr Mahamudu Bawumia has underscored the need for stakeholders in the pension management in the country to explore alternative sources of funding pension schemes without any entrenched positions. He said future governments would not have to resort to borrowing to pay pension benefits with its accompanying interest cost, …

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