Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


Ghana: Insurers says high tax will affect rates, penetration

Comments Email Reprints

Ghanaian insurers have said that the new value added tax on their services could force them to increase premium rates, reports

They also said that imposition of the 17.5% VAT could aggravate the problem of insurance penetration in Ghana, which currently stands at less than 2%.

The insurance sector has until September 2014 to start implementing the new tax, reports

Life insurance and reinsurance services have been exempted.

Read more

More from BI