Wednesday, October 20, 2021
 Regulator cries it has no power to prosecute defaulters Most private sector employers are yet to comply with provisions of the Tier-2 pension scheme, which mandates companies to contribute 5 percent into a privately managed pension scheme. Out of 51,466 private establishments/companies active under the Social Security and National...
Regulator cries it has no power to prosecute defaulters Most private sector employers are yet to comply with provisions of the Tier-2 pension scheme, which mandates companies to contribute 5 percent into a privately managed pension scheme. Out of 51,466 private establishments/companies active under the Social Security and National...
The highest court of the land, Supreme Court on Wednesday February 21, 2017, upheld that SIC’s appeal against Ivory Finance Company Ltd regarding a credit guarantee case which has been in court over the last five years. The unanimous decision of the apex court came with an order that, the...
The insurance industry intends to start publishing claims paid to clients, on an annual basis, in a bid to change the perception among members of the public that the industry loathes claims payments. “We are thinking, actually, of the insurance industry publishing the quantum of claims paid in a...
Private pension funds have maintained their strong growth over the years, reaching a record high of GH¢9.7billion in 2017, from the previous year’s GH¢6.8billion. Data from the sector regulator, the National Pensions Regulatory Authority (NPRA), show that 9.2 billion of the 9.7 billion was accrued from Assets Under Management (AUM)...
In the wake of recent scandals plaguing the banking sector, the implementation of a deposit insurance regime is a timely intervention to renew confidence in the country’s financial system, Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has indicated. Addressing stakeholders in the banking and finance sector at...
GLICO GENERAL has presented an insurance package to light weight boxing champion, Emmanuel ‘Game boy’ Tagoe and BabyJet Promotions as the boxer prepares to defend his IBO light weight title on Saturday, January 27, 2018 at the Bukom Boxing Arena, Trust Emporium. The insurance package, which is part of GLICO...
Uber has announced a new and innovative insurance policy designed to cover accidental rider injuries while on a trip with Uber in Ghana. A statement from the company said “one of Uber’s priorities is the safety and security of users, and insurance is a critical part of Uber’s safety programme.” This...
Unique Insurance Company Limited in partnership with the Afro Asian Assistance a fully owned subsidiary of Trust Re, one of the world’s leading reinsurance companies from Bahrain has launched the first online travel insurance policy in Ghana for air travelers. The policy which covers travelers, no matter which part of...
The latest uproar among a section of Ghanaians regarding the intended compulsory insurance for the current batch of National Service Personnel deserves the attention of the Commissioner of Insurance to prevent it for collapsing. It is disappointing how Ghanaians are responding to matters of national importance of late. Barely a...
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