Ghana Reinsurance's (Ghana Re) adequate operating performance assessment reflects its track record of modest profitability on an inflation-adjusted basis, with the company reporting a return on equity ratio of at least 9% in each of the five years between 2021 and 2024, notes AM Best.
Ghana is moving from reactive disaster response to planned, predictable, and people-centred climate resilience, with the recent release of a sub-sovereign flood risk insurance product for the Greater Accra Metropolitan Area (GAMA).
Motor insurance products can only be purchased with a valid Ghana card from 1 January 2026.
The Ghanaian government has announced plans to list a portion of state-owned Ghana Reinsurance (Ghana Re) on the Ghana Stock Exchange (GSE) as part of efforts to strengthen the state-owned reinsurance firm's capital base and attract private investment.
StarHealth Insurance Company, a subsidiary of Star Assurance Group, has officially launched operations in Ghana after three years of groundwork.
emPLE Group, the insurance subsidiary of African conglomerate EverCorp Industries, has acquired 100% of Metropolitan Ghana from South Africa's Momentum Group, which leaves the Ghanaian market following the divestment.
The National Insurance Commission (NIC) has outlined plans to overhaul Ghana's insurance market by improving the regulatory framework, increasing coverage and rebuilding public trust in the sector.
A total of 7,289 road crashes were reported in the first six months of this year, according to provisional data from the National Road Safety Authority (NRSA), in collaboration with the Police Motor Traffic and Transport Department.
Ghana will introduce its first comprehensive Islamic banking and finance regulations by the end of 2025, according to an advisor to the Bank of Ghana (BoG).
The National Insurance Commission (NIC) is leading the implementation of an inclusive insurance strategy to increase access to insurance, product transparency and consumer protection, according to the Bank of Ghana's 2024 Financial Stability Review.