Ghana Re: Results 2019

Ghana Re recorded a turnover of 253.37 million GHC (44.33 million USD) at the end of 2019, up 23.3% compared to the 205.65 million GHC (42.35 million USD) recorded at the end of 2018.

The non-life activity generated 230.85 GHC (40.39 million USD) in premiums against 22.52 million GHC (3.94 million USD) for the life activity.

As at 31 December 2019, the management fees amounted to 41.46 million GHC (7.25 million USD) against 43.20 million GHC (8.89 million USD) in 2018. The net result for 2019 stood at 30.16 million GHC (5.27 million USD) against 38.63 million GHC (7.95 million GHC) in 2018, degrading by 21.9% over one year.

The Ghanaian reinsurer is paying a dividend of 9 million GHC (1.55 million USD) for the year 2019.