Insurance

Mr James Agyenim-Boateng, the Acting Managing Director of SIC Insurance PLC, has called on state-owned enterprises (SOEs) and other institutions with state interest to insure their businesses with SIC Insurance PLC.

Ghana has received a $2.8 million crop insurance premium, part of which will be distributed to smallholder farmers in northern and southern Ghana affected by the 2024 dry spells.

Mr Ivan Abubakar Avereyireh, former President, Ghana Insurers Association (GIA), has called for a GH¢1 million penalty payment as a punitive measure to curb undercutting in the insurance industry.   

The majority leader of parliament, Mahama Ayariga, in a major statement on the floor of parliament, has proposed the setting up of a pension fund for members of parliament (MPs).

The government has announced the introduction of an insurance scheme to reduce the risk in Ghana’s agriculture sector, making it attractive for financial institutions to provide loans to farmers to enhance productivity.

In a hard rebuke of obvious non-compliance and mismanagement, the Social Security and National Insurance Trust (SSNIT) has been slammed with a hefty GH¢200,000 administrative penalty by the Right to Information Commission.

The Ghana Universities Workers' Pension Scheme investment return increased from GH¢137.02 million in 2022 to GH¢198.35 million in 2023.

The Social Security and National Insurance Trust (SSNIT) has reassured pensioners of the Scheme’s ability to continuously pay their pension benefits for many years, despite recent contrary reports.  

Mr. Kofi Osafo-Maafo, the Director-General of SSNIT, has stated that management was committed to maintaining strong performance and ensuring the sustainability of the scheme.

The National Health Insurance Authority (NHIA) says it has settled outstanding debt owed to health services providers on the Scheme.