Financial Services

With insurance penetration hovering below the 2% mark, authorities in Ghana have been attempting to increase awareness and the percentage of the population that are covered by insurance schemes. Many of these efforts have been directed towards driving the adoption of micro-insurance products, as the government and underwriters see the...

The restructuring of the financial market facilitated the creation and growth of the bond market in Ghana. The bond market has improved since the first trading of Ghana Stock Exchange (GSE) commemorative registered stock in 1990. These bonds were five-year debt instruments issued to provide a foundation for active bond trading on the newly...

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...

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...

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.

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...