With a penetration rate of 2-3%, Ghana’s insurance sector is tiny when compared on a global scale. When considered in a regional context, however, it looks more impressive – the penetration rate elsewhere in West Africa is around 1%. Legislative changes are ongoing, which is helping to foster growth, as is the slow but steady adoption of...
The banking industry is heavily dominated in terms of market share by a relatively small number of large banks, made up by a mix of state-backed and foreign-owned entities. The pack has long been led by the majority state-owned Ghana Commercial Bank (GCB), which benefits from a number of advantages that help underpin its position, though mergers and...
What possibility is there for floating portions of the state-owned companies on the stock exchange?
In the past year Ghana has hosted two pilot programmes that have turned mobile phones into new distribution channels for microinsurance policies. Two carriers launched these services in conjunction with partners from the insurance sector in early 2011, and they are now being introduced in other countries on the continent. The demand has proved that...
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