Marine Insurance Act would boost claims certainty, trade confidence      

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.

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.

Growth momentum cooled in April as a sharp deceleration in the services sector tempered the pace of economic expansion, although stronger performances in mining and agriculture kept the economy on a broad-based growth path.

The Cocoa Marketing Company (CMC) Ghana has secured a major offtake agreement with leading confectionery and beverage companies in the Middle East for the country’s premium value-added cocoa beans.