Government has fully settled the GH¢1.05 billion it owed the Social Security and National Insurance Trust (SSNIT) for 2024, with most of the payments made in cash, Director-General Kwasi Afreh Biney has revealed.
Category: Insurance
AfDB Approves $125m Investment in African Trade and Investment Dev’t Insurance to Expand Risk Insurance Capacity in Africa
Abidjan, Ivory Coast// — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved, on 22 May, a $125 million equity investment in the African Trade and Investment Development Insurance (ATIDI) to help meet rising demand for trade and investment risk mitigation products in Africa.
Telecoming Strengthens Its Presence in Africa with the Launch of DCB Software South Africa
Johannesburg, South Africa// — Telecoming (www.Telecoming.com), a global technology company specialising in the monetisation of digital services, announces the launch of DCB Software South Africa (www.DCBSoftwareZA.com), its new local subsidiary. The move reinforces the company’s growth strategy in Africa, one of the most promising markets in the mobile economy.
Beyond $1 Trillion: The Next Chapter For Insurance and Private Capital
Over the past decade, the US life insurance industry has undergone a profound transformation. What began as opportunistic private-capital deployment into legacy annuity and life insurance blocks has evolved into a convergence of insurance carriers, alternative asset managers, and long-duration capital providers.
The Cartel of Patronage: Why the Sun is Setting on Ghana’s Insurance Monopolies
The spectacle of GLICO’s sudden moral awakening regarding the Ghana Gas insurance programme is not an exercise in corporate transparency; it is the desperate gasp of a monopoly losing its grip.
The Insurance Paradox: Of State Capture, Greedy Monopolies, and the SIC Reset
For far too long, the Ghanaian insurance industry has functioned less like a competitive marketplace and more like a banquet hall where the table is set by political patronage and the guest list is restricted to a greedy few.
Ghana: IBAG Says Political Interference Driving Kickbacks in Insurance Sector
The President of the Insurance Brokers Association of Ghana (IBAG), Stephen Kwarteng Yeboah, has raised concerns over what he describes as growing political interference in Ghana’s insurance sector.
Ghana: Sir Sam Jonah Slams Political Interference in Insurance Industry
Renowned business leader Sir Sam Jonah has warned about what he describes as a “deeply corrosive” crisis threatening Ghana’s insurance industry, citing growing political interference, unethical practices, and systemic distortions in the sector.
Ghana: Insurance Must Go Beyond Life Products to Serve SMEs – MML’s Chief
Accra, Ghana// — The Chief Product and Services Officer of MobileMoney LTD (MML), Sylvia Otuo Acheampong, has called for broader insurance solutions tailored to the needs of small businesses, noting that most digital insurance products currently focus largely on life coverage.
Ghana’s Economy Now Deeply Integrated Into the Global Ecosystem – Economist
Economist and political risk specialist Dr Theo Acheampong says Ghana’s economy is now deeply integrated into the global system, making it more exposed to geopolitical shocks and global economic disruptions.