The Ghana Revenue Authority (GRA) has implemented a 15% Value Added Tax (VAT) on non-life insurance premiums, starting on 1 July 2025.
The Minister of Finance has appointed a new board of directors of the National Insurance Commission (NIC), whose mandate is to enhance the regulation of Ghana's insurance sector and ensure the Commission operates with greater efficiency and transparency, according to a statement issued by the ministry.
Pan-African insurance group, SUNU Group, and the international microfinance group Advans have announced that SUNU Assurances Vie Cameroun has acquired a stake in Advans Cameroun.
M-KOPA Kenya, a local subsidiary of the emerging markets FinTech M-KOPA, and Nairobi-headquartered Turaco Insurance Agency, have provided Hospital Cash insurance to over 1m Kenyans in just one year.
The insurance regulator in Ghana is revamping the method for calculating the insurance penetration rate calculation, by adding data for branches such as health insurance and pension insurance to the computations.
A project to strengthen the financial resilience of flood-prone communities in Ghana has delivered two parametric insurance products -- an Excess Rainfall Cover and a Flood Footprint Product.
Ghana's National Insurance Commission (NIC) has granted its approval to the first cohort of five InsurTechs to enter the regulatory sandbox to test innovative insurance solutions in a controlled environment.
The Insurance Brokers Association of Ghana (IBAG) has voiced concerns over the growing trend of non-insurance institutions, particularly financial entities, selling insurance products to consumers.
Insurance clinics have been launched for market traders and artisans and other informa-sector workers in the Greater Accra Metropolitan Area (GAMA) to promote insurance inclusion and penetration.
The National Insurance Commission (NIC) plans to implement a risk-based capital framework for life insurance companies, according to Mr Kofi Andoh, acting commissioner at the NIC.