Marine insurance key to AfCFTA trade competitiveness - NIC             

A renewed fall in new orders contributed to a deterioration in overall business conditions for companies in Ghana at the midway point of 2026.

The insurance industry has called for an urgent amendment of the Public Financial Management Regulations (LI 2378) that allows insurers to issue advance payment guarantees for contractors and service providers executing government projects.

Fraud within Ghana’s traditional banking sector declined sharply in 2025, but a surge in electronic fraud at Payment Service Providers (PSPs) pushed overall financial sector fraud to a record high.

 Development Bank Ghana (DBG) has disbursed GH¢2.5billion to about 1,000 businesses across all 16 regions over the past five years - with more than half the beneficiaries being women-led enterprises, the bank’s Chief Executive Officer Prof. Randolph Nsor-Ambala has disclosed.

The banking industry has an unhealthy concentration of bad loans in two sectors of the economy, where it channelled a bulk of its credit in 2025, PricewaterhouseCoopers (PwC) Ghana has revealed, just as the fall in interest rates pares the profit cushion that once absorbed such losses.

Marine cargo insurance will play a critical role in improving trade competitiveness under the African Continental Free Trade Area (AfCFTA), according to the National Insurance Commission (NIC).