DDEP: Govt, insurers association reach agreement on participation

Activa Insurance has renewed calls for stronger enforcement of the compulsory marine cargo insurance regime, warning that inadequate protection of imported and exported goods exposes businesses - particularly small and medium-sized enterprises (SMEs) - to severe financial losses and threatens trade resilience.

To support Ghana’s expanding maritime trade, Chief Executive Officer-Whitestone Shipbrokers Limited Gertrude Adwoa Ohene-Asienim has called for enactment of a dedicated Marine Insurance Act to replace the country’s heavy reliance on English marine insurance laws, arguing that locally-tailored legislation is needed.

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.

The Managing Director of Ghana's number one bank, GCB Bank, Mr. Farihan Alhassan, has been honoured with the Special African Leadership Commendation Award in recognition of his outstanding contribution to Ghana's banking sector and his role in driving institutional growth, innovation and financial inclusion.