Ghana Insurance

Growing at one of the fastest rates in Africa, Ghana’s insurance sector continues to do well despite the headwinds faced by the overall economy. Analysts and market participants are expecting years of solid performance as awareness, penetration and density increase and converge towards global averages. Companies in the sector are reporting strong profits and good premium growth, while interest is high from international investors, with 2014 and 2015 characterised by a series of major transactions. Insurance in Ghana is set for continued growth, mergers and acquisitions, and improved coverage, and the country is likely to be one of the better performing markets in the region.

This chapter includes an interview with Ivan Avereyireh, President, Ghana Insurance Association (GIA).