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.
Activa Insurance is seeking to build a sustainable stakeholder network to address challenges in Ghana’s marine insurance sector and improve the implementation of compulsory insurance policies.
The 4th GIA International Educational Seminar will take place this week, from Wednesday July 8 to Friday July 10, 2026 at the La Palm Royal Beach Hotel in Accra. It is being hosted by the Ghana Insurers Association (GIA), led by its incumbent President Mrs Boatemaa Barfour-Awuah, who is the CEO of Star Assurance. The seminar will be held under the theme: “The Next Decade in the Financial Services Sector: Will Insurance Lead or Follow Change.
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