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 domestic insurance industry risks losing the full benefits of a new marine cargo insurance regime unless insurers rebuild confidence through faster, fairer and more transparent claims settlement, industry players have warned.
A renewed fall in new orders contributed to a deterioration in overall business conditions for companies in Ghana at the midway point of 2026.
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.
The government has secured a US$28 million investment from the Republic of Korea to expand digital Science, Technology, Engineering and Mathematics (STEM) education, marking a new phase in efforts to equip Ghanaian students with skills for the digital economy.
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