Ghanaian insurers comply with minimum capital requirements

The National Insurance Commission (NIC) has reported that 98% of Ghanaian insurers have managed to meet the minimum capital requirements imposed by the regulator in 2019.

This was according to Moses Ackah-Jayne, Head of Marketing and External Relations at the NIC, at an awareness campaign aimed at artisans, SMEs (small and medium-sized enterprises) and traders, held in Kumasi, Ghana.

By way of reminder, market players were required to comply with the new rules by 30 June 2021 at the latest.

The NIC decided to extend the deadline due to the Covid-19 pandemic.