What do you see being the major drivers of growth in the insurance sector in the next few years? AVEREYIREH: Life insurance will be the major driver of sector growth in the medium term. Life has been the fastest-growing segment of the sector and we believe that this trend will continue. Culturally, plans such as funeral and...
Growing at one of the fastest rates in Africa, Ghana’s insurance sector continues to do well despite the headwinds faced by the overall economy. Analysts and market participants are expecting years of solid performance as awareness, penetration and density increase toward global averages. Companies in the sector are reporting strong profits...
THE BANK: CAL Bank is a Ghanaian bank that provides a broad range of banking and financial products and services to large corporations, small and medium-sized enterprises, public-sector institutions and retail customers through a network of 24 branches across the country. The products and services...
THE GROUP: Enterprise Insurance Company (EIC) was established in 1924 and is the oldest insurance company in Ghana. It was originally known as Royal Exchange Assurance Corporation UK, before it changed its name to Guardian Exchange Assurance Ghana and finally to EIC in 1977.
After rising 71.8% in 2013, Ghana’s stocks had a modest 2014, with the benchmark index up just 5.4% (and most of that rise seen in the beginning of the year following on the 2013 rally). To a great extent, the muted performance reflected external circumstances. As with the banking sector, equities were in competition with government securities...
THE COMPANY: Ghana Oil Company Limited (GOIL) was incorporated as a private limited liability company on June 14, 1960 as AGIP Ghana Company Limited with the objective of marketing petroleum products and related products – particularly fuels, liquefied petroleum gas, lubricants, bitumen, and...
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