13 h. ago Ghana Sets 2025 Deadline for Landmark Islamic Finance Framework

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sets-2025-deadline-for-landmark-islamic-finance-framework/Ghana is accelerating plans to become West Africa’s Islamic finance hub with comprehensive regulations for banking, insurance, and capital markets due by year-end 2025. Professor John Gartchie Gatsi, adviser to the Bank of Ghana, confirmed the joint framework developed by the central bank, Securities and Exchange Commission, and National Insurance Commission will cover non-interest banking, Sukuk bonds, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sets-2025-deadline-for-landmark-islamic-finance-framework/

Events

60 h. ago Ghana’s Insurance Coverage Stalls Near Historic Low Despite Economic Gains

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-insurance-coverage-stalls-near-historic-low-despite-economic-gains/If you’ve ever wondered why insurance agents seem to push so hard in Ghana, the latest central bank figures offer a clue. The Bank of Ghana’s 2024 Financial Stability Review shows insurance penetration stubbornly held at just 1.0% of GDP this year, unchanged from 2023. Using the newer IFRS 17 accounting standard, that figure actually […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-insurance-coverage-stalls-near-historic-low-despite-economic-gains/

Politics

63 h. ago Ghana’s Oil Insurers Rally Expertise Amid Energy Sector Expansion

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-insurers-rally-expertise-amid-energy-sector-expansion/Ghana’s oil and gas insurers have launched a major upskilling drive as new offshore discoveries signal fresh growth for the sector. The Ghana Oil and Gas Insurance Pool (GOGIP), a consortium of 21 local insurers mandated to cover the upstream industry, hosted a three-day technical seminar in Accra this month. Titled “Enhancing Industry Expertise,” the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-insurers-rally-expertise-amid-energy-sector-expansion/

Science

6 d. ago Deloitte Warns Ghana Insurers Over Rising Fraud and Cyber Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-insurers-over-rising-fraud-and-cyber-risks/Ghanaian insurance firms are losing significant revenue to fraud, with occupational fraud alone draining approximately 5.0% of company income annually. This stark warning came from Dr. Kwabena Situ, Partner, Assurance at Deloitte Ghana, during a firm-hosted webinar titled “Insurance Fraud Awareness and Mitigation.” He urged insurers to adopt comprehensive, proactive strategies to combat escalating internal […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-insurers-over-rising-fraud-and-cyber-risks/

Events

7 d. ago Deloitte Warns Ghana Energy Reforms Risk Gains Without Macroeconomic Alignment

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-energy-reforms-risk-gains-without-macroeconomic-alignment/Global consultancy Deloitte has cautioned that Ghana’s energy sector reforms require stronger integration with broader economic policies to prevent undermining recent stability gains. In its analysis of the 2025 Mid-Year Budget, the firm acknowledged government efforts to restructure crippling sector debts but highlighted the absence of a comprehensive debt management strategy as a critical flaw. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/deloitte-warns-ghana-energy-reforms-risk-gains-without-macroeconomic-alignment/

Events

9 d. ago Ghana Insurance Awards Spotlight Industry Transformation Amid Digital Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-insurance-awards-spotlight-industry-transformation-amid-digital-push/The 2025 Ghana Insurance Awards honored 16 companies and six individuals for driving innovation and excellence in the sector, with Enterprise Insurance clinching the Hall of Fame award and Starlife Assurance named Life Insurance Company of the Year. Deputy Commissioner of the National Insurance Commission (NIC), Bernard Ohemeng-Baah, emphasized insurance’s role as a “trampoline” for […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-insurance-awards-spotlight-industry-transformation-amid-digital-push/

Events

9 d. ago Deputy Commissioner urges insurers to enhance cybersecurity and embrace technology at 8th Ghana Insurance Awards

The Deputy Commissioner of the National Insurance Commission (NIC), Bernard Ohemeng Baah, has underscored the importance of innovation, resilience, and cybersecurity in advancing the insurance sector. Speaking at the 8th Ghana Insurance Awards, Mr Baah urged insurance companies to leverage the government’s newly launched 24-hour economy, noting that the three-shift system presents opportunities for insurers […]

Events

1 week ago Ghana Faces Fiscal Pressure as Strong Cedi Cuts Key Revenues, Deloitte Warns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-pressure-as-strong-cedi-cuts-key-revenues-deloitte-warns/Ghana’s significant currency appreciation is creating substantial revenue shortfalls that threaten fiscal stability, prompting Deloitte Ghana to urge immediate government action. The professional services firm warns that while the cedi’s 42.6% surge against the US dollar benefits consumers, it severely impacts dollar-denominated revenue streams vital to national finances. Deloitte’s mid-year budget review reveals robust performance […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-pressure-as-strong-cedi-cuts-key-revenues-deloitte-warns/

Events

3 w. ago SSNIT Announces Major Reforms to Boost Pension Value Amid Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ssnit-announces-major-reforms-to-boost-pension-value-amid-inflation/Ghana’s Social Security and National Insurance Trust (SSNIT) is implementing sweeping changes to its investment strategy and service delivery to protect pensioners from inflationary pressures. Director-General Kwasi Afreh Biney revealed the plans during the Trust’s annual stakeholder engagement, acknowledging that this year’s 12% benefit increase fails to match inflation rates that have consistently exceeded that […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ssnit-announces-major-reforms-to-boost-pension-value-amid-inflation/

Economics

4 w. ago Pathways to the financial regulation of virtual assets (crypto

By Dr. Richmond Atuahene, Banking Consultant Summary Ghana’s unregulated virtual asset markets can pose significant risks to the financial sector, including increased volatility, potential for illicit activities like money laundering and fraud, and challenges to consumer protection. Without proper regulation and supervision, these markets can also expose investors to operational, cyber-security, and market risks. Crypto-currencies […]

Politics