What can be done to mitigate the effects of the ongoing retrenchment in the industry?
Ghana
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Interviews & Viewpoints | OBG talks to Nii Osah Mills, Minister of Lands and Natural Resources from The Report: Ghana 2014
Articles & Analysis | Efforts are ongoing to formalise small miners from The Report: Ghana 2014
Although often overlooked by outside investors, small miners play a central role in Ghana’s gold industry. Counting groups and individuals, both regulated and unlicensed, they account for nearly 35% of total production, according to 2013 figures from the Minerals Commission. As the Ghana Chamber of Mines (GCM) points out, this is 10 percentage points higher than Gold...
Interviews & Viewpoints | OBG talks to Lydia Lariba Bawa, Commissioner, National Insurance Commission from The Report: Ghana 2014
How should the risk-based supervision model work alongside minimum capital requirements?
Articles & Analysis | Securing the market from unnecessary risk from The Report: Ghana 2014
Since the Insurance Act of 2006 was passed, regulators have been looking at solvency, capital and inclusiveness, and issuing frameworks and guidelines to compel insurers to strengthen their balance sheets and reserve against unforeseen claims. This has encouraged them to write more micro-insurance policies.
Articles & Analysis | The sector must weigh the need for more local content against demand for foreign reinsurers from The Report: Ghana 2014
The country’s insurance sector is open and liberalised and, as with Ghana’s other major financial service sectors, has benefitted extensively from foreign investment. Since the 1990s, capital and expertise have entered the insurance market and helped in the development of the sector. As of early 2014, more than half of the insurance companies in Ghana were foreign...