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.
Enterprise Insurance has renewed its strategic partnership with the Ghana Union of Traders' Association (GUTA), reaffirming its commitment to providing accessible and affordable insurance solutions to traders and small businesses across the country.
The Ghana Insurers Association (GIA) last week held its 4th International Educational Seminar at the La Palm Royal Beach Hotel in Accra, bringing together industry leaders, regulators and insurance professionals to examine the future of Ghana’s insurance sector.
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.
Insurance remains a critical pillar of business resilience, helping companies manage risks, recover from unexpected shocks and sustain economic activity in an increasingly uncertain operating environment.
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.
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