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TOR debt downgrades Ghana in global insurance risk analysis

A global political and credit risk insurance analysis published recently has seen Ghana among the world’s 18 most risky countries. Ghana’s downgrading is as a result of the debt incurred by the country’s only oil refinery, the Tema Oil Refinery (TOR), according to the analysis by Aon Corporation, the Chicago-based …

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Kwabre health insurance scheme owes over GH¢441,000

The Kwabre District Mutual Health Insurance Scheme is indebted to public and private health providers in the area to the tune of GH¢441,910.71. The Asonomaso hospital has highest unpaid claims of GH¢104,402.03, Mamponteng Health Centre, GH¢89, 695.17, Aboaso Health Centre, GH¢38,044.80, Kenyase Health Centre, GH¢32,225.90 and the Antoa Health Centre, …

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Health insurance scheme owes over GH¢1m

The Municipal Mutual Health Insurance Scheme in charge of Ejisu-Juaben Municipality is indebted to health institutions in the area. As of October, last year, the scheme was indebted to health facilities to a total amount of GH¢1,085,608.74. Madam Alberta Lomotey, the Municipal Director of Health Service, disclosed these at a …

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Insurance scheme rejects claims of three health institutions

The Management of Offinsoman Mutual Health Insurance Scheme has refused to pay claims totaling GH¢43,786.55 from three health facilities in Offinso North District. Nkenkansu Government Hospital had its re-fund demand of GH¢37,148.14 for drugs and other services discarded. The claim of GH¢18,354.10 by Akomadan Hospital and GH¢4,817.22 by Jannie Speaks …

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Ghana insurance regulator to expose companies undercutting premium

The National Insurance Commission (NIC) is to conduct a special audit to expose insurance companies which are engaged in premium undercutting which is affecting their ability to pay claims. The acting Commissioner of the NIC, Mrs Nyamikeh Kyiamah, who made this known in Accra Tuesday, warned of dire consequences for …

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Residents of Nkwanta-North unable to access health insurance

Mr. Daniel Yao Donkor, Nkwanta-North District Director of Health Services, has called on government to open a district National Health Insurance Scheme office for the area. He expressed worry that people in the District were unable to access NHIS because there was no office to facilitate the work of the …

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Donewell sets GH¢7.1m target for 2010

Donewell Life Company Limited (DLCL) is working to hit GH¢7.1 million target as an annual premium income earning by the end of 2010, Mr. Edmund Diamond Addo, Head of Operations of the company said on Tuesday. He said DLCL was to roll out two new products to capture the informal …

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SSNIT Board, Management contempt case adjourned sine die

Mr Kwesi A. Boaten, Director General of SSNIT, has opposed a contempt application brought against the Trust, Board and its management. The Board of Directors and Management of SSNIT were cited for contempt in connection with a demolition at Dunkoonaa in the Greater Accra Region. A suit filed by Mr. …

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Educate workers on new pension scheme – employers

Employers in the Kumasi metropolis have called for public education on the new pension scheme to promote peace and harmony on the labour front, especially at the initial stages of the scheme’s implementation. Sharing their views at a day’s seminar organized by SSNIT for employers and SSNIT schedule officers of …

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Broker suggests option to insure informal businesses

Traders at the Kumasi Central Market would need to jointly approach a consortium of insurers to minimize the risk of perennial fire disasters at the site. Victims of last week’s fire disaster at the market are presently relying on friends and relatives to get back to business. They are mobilizing …

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