Wednesday, October 20, 2021
The economy is traditionally divided into three sectors: namely, the Agricultural sector, the Services sector and the Industrial sector. With a growth rate of 24.3 percent of GDP in 2016, the manufacturing sector still stands in its typical second place among the five industrial subsectors of Ghana. About 9% of...
Has paid GH¢37million to gov’t as dividend over last four years Amid a plethora of economic shocks, including the financial sector reset and the ongoing COVID-19 pandemic, the Ghana Reinsurance Company Limited (Ghana RE) has posted impressive growth. The company has grown by 61.66% over the four-year period from 2017...
The newly-elected President of the Pharmaceutical Society of Ghana (PSGH), Samuel Donkor, has appealed to government for some more attention geared at the creation of a pharmaceutical hub for the sub-region and the continent. According to him, the sector’s potential is huge and a little more support from government would...
Motor Insurance continued its dominance in the general insurance category of insurance business in the second quarter of 2021. It earned GH¢648,214,114 in the second quarter as against GH¢310,097,324 in the first quarter, representing a 52.2% increase. Motor insurance contributed GH¢648,214,114 out of the total gross premium income of GH¢1,260,935,087...
Contrary to earlier objections by general insurance business operators in the early days of introducing the motor insurance database by the regulator, National Insurance Commission (NIC), the project has turned out to be a game-changer in the motor insurance industry. General Insurance underwriting companies have commended the project for the...
The African Insurance Organisation (AIO) has appointed Tope Smart as its new president for the next one year. The new AIO president took over from Ms. Delphine Traore. Mr. Smart is also the 47th president of the AIO and Group Managing Director of Nem Insurance Plc, and noted that: “The...
Many economic watchers believe small business is the motivating force for emerging markets to catch up with advanced countries. In the next decade, Africa will be home to countries with a majority youthful population driving an entrepreneurial economic growth spurt. The Anisha Prize 2020 report shares how young entrepreneurs...
SIC Life Insurance Company, the nation’s second-largest premium income earner has led seven other insurance company to donate blood to stock blood banks as the spate of road accidents are becoming very alarming. Other insurers that took part in the exercise last week are; Enterprise Insurance Company, Enterprise Life, Glico...
Insurance group, Hollard Ghana with subsidiaries Hollard Insurance and Hollard Life Assurance has been named Brand of the Year, 2021 at the prestigious Ghana Insurance Awards held at the plush Kempinski Gold Coast Hotel. The annual event organised by Xodus Communications Limited sought to honour top-class performance, professionalism, and innovation...
Donewell Life Insurance Company, a fast-growing life underwriting company, has launched a new product - Donwell Life Protection Plan (DLPP) - at its corporate head office in Cantonments last week. This product has been designed to meet the demands of prospects and policyholders in the life insurance market. It has...
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