Governance, Risk and Compliance – The Ghanaian Insurance Industry

Date: 2016-01

“• The insurance industry of Ghana is regulated by the National Insurance Commission.

• Insurance to commercial buildings, motor third-party liability insurance and workmen’s compensation insurance are mandatory in Ghana.

• Composite insurance licenses are not granted in Ghana.

• 60% FDI is permitted in the insurance industry of Ghana.

• The placement of non-admitted insurance and reinsurance are not permitted with few exceptions.”

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