What Are the Functions of Insurance Companies?

The money you pay for your business's many insurance premiums might seem to be a waste, especially if you never claim a loss. But the primary function of an insurance company is to safeguard your business against such losses.  The type of business you own determines the type of insurance you need. The government requires you to have certain types of insurance...

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Importance of Insurance to Businesses and Individuals

Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may be described as a social device to reduce or eliminate risk of loss to life and property. The insurance has been useful to the business society also. Some of the uses are discussed below: Read Also: List of Insurance Companies in Ghana                   ...

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What is 'Insurance' - Insurance Definition

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage...

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List of Insurance Companies in Ghana

There are 53 insurance companies in Ghana, with 23 life insurer companies, 26 non-life insurers and 4 reinsurer companies. Are you looking for an insurance company? Here is the list of the insurance companies in Ghana, 2017. List of Life Insurers 1. Adamas Life Assurance Company Limited 2. A-Plus Life Assurance Company Limited 3. Capital Express Assurance (Gh) Ltd. 4....

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Akufo-Addo Government to Have Worst Record in History – Adams

At the pace, President Akufo-Addo is going with his administration, he might set record for the wrong reasons, the National Organizer of the opposition NDC, Kofi Adams has said. Adams feels several decisions taken by the President could be politically costly, especially his ‘elephant government’ that has come under serious criticisms for the past few days. Read Also:...

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Nana Addo Running a 'Family and Friends' Government - PPP

The leadership of the Progressive Peoples Party PPP has accused President Nana Akufo-Addo of running a “family and friends” government in the wake of his appointments of new ministers and other appointees. Read Also: Ghanaians Are Fast Losing Hope in Akufo-Addo – Omane Boamah Speaking at a press conference on Monday, the national chairman of the PPP, Nii Allotey Brew-Hammond...

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How NDC Gurus Grab ‘Free’ Cars

More names of people who acquired state vehicles in the Mahama-led National Democratic Congress (NDC) administration are popping up.About 250 people, mostly ministers of state, appointees, chiefs, journalists and secretaries, were said to have grabbed some of these state vehicles after the assets were ‘privately’ auctioned for pea-nuts, without any public participation. Clear...

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Rawlings Lied – Kufuor

Former President J.A Kufuor is livid over comments by his counterpart JJ Rawlings that he softened his stance on prosecuting a son of former Speaker of Parliament Peter Ala Adjetey.“The 31st December Movement suffered bankruptcy in supporting Atta Mills. How many of us bothered to show up in court to offer her moral support in recognition of the foundation she laid in leading...

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Ghanaians Are Fast Losing Hope in Akufo-Addo – Omane Boamah

President Akufo-Addo won the 2016 general election on the back of several promises he made to Ghanaians including the restoration of teacher and nursing trainee allowances, rebuilding of a stable and robust economy, repayment of DKM victims money, free education and restructuring of the NHIS, raising the hopes of Ghanaians for massive progress and development of the country. But...

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The Bilateral Talks Between Ghana and Britain

As is commonly known, bilateral relations involve the conduct of political, economic and cultural relations between two sovereign states. Such relations are carried out to promote friendship and socio-economic development for the mutual benefits of the two countries.Generally speaking, Ghana’s foreign policy is usually based on certain broad objectives. The objectives include...

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Ghana@60 Photos and Artworks

Ghana will celebrate her 60th independence anniversary starting in March 2017. We bring you photos and artworks including events around the Ghana@60 celebration. EIB Network donates GH¢200k towards Ghana@60 celebration Ghana@60 artwork Ghana@60 Event Ghana@60 onaapo T-shirts for sale Ghana@60 logo  Printex, a leading textile manufacturer in...

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Ghana@60 Launches Jubilee Innovation Challenge for App Developers

The Planning Committee for Ghana at 60 Anniversary on Wednesday launched a competition christened: “Jubilee Innovation Challenge, (JIC)” aimed at challenging the youth from 18 to 35 years, to innovate creative ideas that would solve societal problems. The Committee expects applicants to originate ideas that would provide solutions to social issues pertaining to healthcare,...

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Ghana is The Most Expensive Country in Africa

Ghana tops the rest of Africa as the most expensive country to live in.The survey report published by MoveHub, an Independent website, Ghana ranks among 20 other nations the world over considered as the most expensive to reside in.The report said MoveHub based its assessment on a range of costs such as the price of groceries, transport, bills, restaurants and rents.“Ghana...

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Gold Production to Increase in 2017- Minerals Commission

The Minerals Commission has disclosed to Citi Business News that its projection for gold production this year will be one of the best the industry has witnessed in recent times.According to the commission, mining companies in the country have lined up a series of activities aimed at ramping up operations this year, hence will invest more funds into the industry.Already,...

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Over ¢110,546 Oil Money For School Building Missing

The African Centre for Energy Policy is raising an alarm over a community kindergarten school in the Brong Ahafo Region, paid for with proceeds from Ghana's oil but does not exist. The 245,082 cedis project is said to have been completed in June 2014 at Dabaabi, a little farming community in the Brong Ahafo Region but checks by ACEP indicate that no such project was ever...

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Ibrahim Mahama warns Kennedy Agyapong

Chief Executive of Engineers and Planners, Mr Ibrahim Mahama, has warned acerbic tongue New Patriotic Party Member of Parliament for Assin Central, Kennedy Ohene Agyepong, to forthwith, refrain from dragging his hard earned reputation in the mud or face his wrath.Irked by the incessant but unwarranted and unguarded attacks on his person and family by the foul mouth Assin...

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Donald Trump’s Visit to the U.K. Puts the Queen in a ‘Very Difficult Position’

President Donald Trump’s state visit to Britain has put the Queen in a “very difficult position,” the former head of the U.K. Foreign Office claims. Lord Peter Ricketts says the visit, announced by British Prime Minister Theresa May while meeting President Trump in Washington on Friday, should be downgraded from a state visit to spare Her Majesty any controversy. As...

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Donald Trump Is Wrong About Israel's 'Security' Wall

President Donald Trump's use of Israel's separation wall as an example of a valid security measure is based on gross ignorance, at best. Israel's wall separates families from their land, communities from each other, and often communities from educational, medical and religious services [Finbarr O'Reilly/Reuters] On January 27, as proof of the effectiveness that walls...

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Germany to Partner Ghana in Agricultural Development

The German Ambassador to Ghana, His Excellency Christoph Retzlaff, has met with Ghana's Minister of Food and Agriculture, Hon. Dr. Owusu Afriyie Akoto, to dicusss ways the German Government can contribute towards the growth and development of the sector.The two parties discussed amongst other things, how the European powerhouse can partner the private sector in order to...

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The Untold Story of The Kenyatta Family's Wealth

The vast wealth of the Kenyatta family was considered such a crucial factor in Kenya’s internal security that the CIA, America’s spy agency, issued a special report on it the day Kenya’s founding father was buried in 1978. The report, which was made public last week, talked of thousands of acres of land owned by Mzee Kenyatta and his wife Mama Ngina, high-powered wrangles...

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'It's Not a Muslim Ban': Trump Defends Controversial Executive Order on Refugees

President Donald Trump on Saturday defended his executive order barring travelers from seven Muslim-majority countries from entering the US."It's not a Muslim ban," Trump told reporters in the Oval Office as he signed several executive orders."It's working out very nicely. You see it at the airports, you see it all over," he added.Trump's order halted refugee arrivals into...

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