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In line with financial markets around the globe, the Ghana Stock Exchange (GSE) experienced a tumultuous year in 2015, with the GSE Composite Index ending 11.77% lower than at the close of 2014. This was driven by a slowing economy and softening performance in the financial services sector. The financial index, which accounted for less than a...

The pension market in Ghana traces its roots to the post-independence Compulsory Savings Scheme of the early 1960s, which was the country’s first nationwide pension scheme. Following several amendments to the system, a 1972 decree created the Social Security and National Insurance Trust (SSNIT), which was charged with the administration of the...

The restructuring of the financial sector resulted in the creation of the financial market in Ghana. The market is made up of equity, bond, foreign exchange and derivative markets, with the money market dominating the financial markets.

Established in 2004, the National Health Insurance Scheme (NHIS) was Ghana’s first step towards a sustainable system of universal health care. In order to provide a social safety net for the most vulnerable segments of the population, the scheme initially targeted lower-income residents, with the intention of expanding coverage to the entire...

A major challenge facing many countries is generating youth employment opportunities. An estimated 80% of unemployed youth are in developing countries and transient economies. In Ghana one out of every four people is 15 to 24 years old, and the country has an average annual growth rate of about 2.5%, according to the 2010 census. The private...

The large number of insurers in Ghana – and the high level of fragmentation at the lower end of the market – has led to intense competition and a history of rate-cutting, which has often softened margins and led to higher expenses. This in turn led to a situation where a number of firms were unable to quickly settle legitimate claims,...