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Ghana: State insurer rejects arguments that directive will collapse private sector insurers

December 27, 2013 - 6:00am

State Insurance Co. Ltd. is rejecting claims that Ghana's private sector insurers could collapse because of a new government directive, Myjoyonline reported.

The directive requires ministries, departments and agencies to obtain or renew their cover only from insurers that are wholly or partially owned by the state. The state insurer believes that the directive's real beneficiaries would be its 48,000 shareholders.

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