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...
Social safety nets in many of Africa’s economies are thin. A large informal sector, combined with inefficient administration of universal pension schemes, has limited income support from pensions. Pensions themselves have suffered from stringent portfolio allocation rules and shallow capital markets, which constrain their ability to invest in...
Designed to provide a basic level of health care coverage for everyone in the country, the Ghana National Health Insurance Scheme (NHIS) is an ambitious programme. It has been in place since 2003 and has helped many receive insurance protection that they would not otherwise have been able to afford. For the average Ghanaian, the scheme is...
Capital requirements for domestic insurers have been increased over a number of years. Minimum levels were set in the Insurance Law of 1989, and since then a series of adjustments have been made to strengthen balance sheets and account for changes in global standards. Capital requirements have also been hiked to encourage the merger of smaller...
While Ghana boasts a number of advantages for manufacturers, including access to a 300m-person regional market, a host of raw material inputs and competitive labour costs, 2014 was a particularly challenging year for the industrial sector. In large part this was due to a declining currency, power shortages, limited credit and high overhead costs. Nevertheless, industry still accounts for 28.4...
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 and converge towards global averages. Companies in the sector are reporting strong profits and good premium growth, while interest...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×