The government is positioning Ghana to become an insurance hub in the subregion to strengthen financial stability, according to Minister for Finance Dr Cassiel Ato Forson. He also said that a 10-year master plan would be unveiled to enhance a sustainable insurance sector.
He made these announcements in a speech read on his behalf by Mr Louis Kwame Amo, the Chief Economic Officer and Director of the Financial Sector Division at the Ministry of Finance, during the annual Education Conference and Exhibition of the Insurance Brokers Association of Ghana, which was held last week, reported myjoyonline.com.
He said reforms pursued by the government aim to tackle low penetration, pricing inefficiencies and fragmented frameworks. The government also wants to increase consumer confidence and leverage insurance for inclusive growth.
"Over the next two years, the Insurance Sector Strengthening Strategy will drive digital transformation, improve regulation and attract international investments," Dr Ato Forson said.
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