Managing Director of Cal Bank, Mr. Frank Adu Jnr Where the policy owner dies through accident, the policy will pay double the main funeral benefit subject to a maximum of Gh₵120,000, first-ever on the Ghanaian market. Interestingly, in the event of death, 25percent of your funeral benefit—Gh₵15,000 is paid for the one week celebration expenses […]

An insurance expert has said the risks covering guarantees presented by Power Distribution Service (PDS) for the power concession agreement are in fact “solid as gold.” Larry Kwesi Jiagge says the companies that fronted for PDS – the Qatari insurance company, Al Koot and Joe Australia – are both A-rated reinsurers who have operated in […]

Despite the emergence of mobile money services, banks on the average are demanding more money from customers to open savings accounts, data from the Bank of Ghana has shown. Analysis conducted by Citi Business News on banks’ charges as at December 2014, showed that banks demanded an average of GH¢37.5 as the initial deposit to […]

Until the recent pensions reform, one of the major challenges that had confronted employees, both in the formal and informal sector, had to do with the low benefits and growth of their pension contributions as they near or go on retirement. Interestingly, a lot of well-meaning people working today forget that they would also go […]

Life insurance companies must ensure the funeral products they provide really meet the expenses and fund the cost associated with today’s funeral, Country Head, Metropolitan Ghana, Tawiah Ben-Ahmed has advised. Speaking at the launch of Metropolitan Life Insurance’s Family Eternity Plus (FEP) in Accra, he said the cost of funeral these days outweighs the benefits […]

Power Distribution Services (PDS) An insurance expert has said the guarantees presented by Power Distribution Service (PDS) for the power concession agreement but discredited by the government as fraudulent are in fact “solid as gold.” Larry Kwesi Jiagge says the companies that fronted for PDS – the Qatari insurance company, Al Koot and Joe Australia […]

MTN Ghana Limited, in collaboration with stakeholders, has called on the Bank of Ghana (BoG) to put together regulations that would promote growth in the area of mobile financial services. Mr Eli Hini, the General Manager of Mobile Financial Services, MTN Ghana, made the call on Wednesday at the second stakeholders’ conference organised by MTN […]

Ghana has served notice agencies that executed ‘fraudulent documents’ for the Power Distribution Services (PDS) used as a guarantee for the ECG concession will be made to answer for their actions or inactions if the claim of fraud is established. The ‘Demand Guarantee’ was a key prerequisite under the concession to secure the assets of […]

Philip Ayesu, PDS Board Chairman The embattled power supply company, Power Distribution Services (PDS) Ghana Limited, has dismissed any foul play in its contract to distribute power in some parts of the country. PDS – a local and foreign consortium – in March 2019 took over power distribution functions of the Electricity Company of Ghana […]

PDS has not done anything illegal and the investigations will help us clear our name Power Distribution Services (PDS) says it has done nothing illegal in its transactions and is thus ready to fully cooperate with the government in its investigations to help find an early resolution to the dispute that has led the suspension […]