The industry must prepare for a scenario where cargo War Risk premiums jump significantly if the blockade persists. For the Ghanaian underwriter, the risk is not direct damage to hulls, as our local fleet is largely restricted to domestic waters, but the liability associated with delayed, diverted, or "trapped" cargo. If vessels reroute around the Cape of Good Hope, the increased transit time could lead to complex claims regarding contract frustration or the deterioration o

The Ghana Revenue Authority has announced that the implementation of value-added tax (VAT) on the supply of non-life insurance services, in line with the Value Added Tax (Amendment) Act, 2023, Act 1107, commenced on 1 April 2025. Suppliers of non-life insurance services must register for VAT and charge the standard VAT rate on policy premiums, where the registration threshold is met. Affected insurers can claim input VAT on qualifying expenses related to providing taxable non

Star Assurance Company Limited has appointed Boatemaa Barfour-Awuah as its news Chief Executive Officer. The new CEO will champion the development and enhancement of the company’s strategic plan for achieving results. She is recognised as seasoned insurance professional with a heightened ability to drive strategic initiatives in areas of business growth, business digitisation and organisational effectiveness. Boatemaa Barfour-Awuah began her career in the insurance industry a

Importers have been advised to insure their goods with local insurance companies to reduce their costs of doing business at the ports of...

The recent sharp depreciation of the cedi has thrown the spotlight on the fact that there are lots of ways in which business activities...