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COVID-19: Insurers discuss impact on industry
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Krif Ghana Limited, distributors of office stationery and equipment, and publishers of Integrity Magazine, has held its 4th Webinar series on the effects of COVID-19 on Corporate Ghana.
Last Tuesday’s event, which focused on the insurance industry, brought on board insurers across the country, who touched on various aspects of the insurance sector, with a call on Ghanaians to “be interested in insurance”.
Experts took turns to explain the present and future outlook of the insurance industry amidst the COVID-19 outbreak.
Rev. Kennedy Okosun, the Chief Executive Officer of Krif Ghana Limited, urged insurance companies to do more in building trust with its stakeholders.
According to him, a well-developed insurance industry was “a requisite necessity in the efforts to improve the stability of the financial markets and protect individuals and businesses from losses” in the difficult times of COVID-19.
He believes the period could be “the catalyst for the insurance industry to cash in as the world is at the mercy of natural disasters and accidents.”
Making further reference to the pandemic, he urged the public to ensure they were “well covered and protected in case of any eventuality.”
Mr Edward Forkuo Kyei, Chief Executive Officer, GLICO Group, also agreed that insurance companies could take advantage of the “opportunities amidst the difficulties.”
He said COVID-19 had opened the doors for the use of various technologies to conduct virtual meetings, which were as effective as face-to-face meetings.
“These turbulent times may very well be the turning point that will drive transformational change across the insurance industry. Those who take a customer-first attitude, reset and fundamentally rethink how they do business will find themselves emerging from a position of strength when the dust settles,” he said.
Mr Shaibu Ali, Chief Executive Officer of KEK Reinsurance Brokers (Africa) Ltd said insurance brokers had as well adopted new approaches to doing business and interacting with clients.
Madam Ernestina Abeh, Managing Director of Enterprise Insurance Company Limited, in her analysis, said the country’s general insurance industry had not been plagued by “large claims as a result of the pandemic” as compared with western markets.
She explained that the pandemic had enabled insurance companies to go digital to reduce operational cost to some extent.
By Spectator Reporter
Parliament has clarified public commentary on social media regarding a notice on its notice board that read “No Vacancy for National Service Personnel 2026/2027. Kindly go for reposting.”
In a statement, signed by the Director of Media Relations, David Sebastian Damoah, Parliament said the notice has been misconstrued and was not a policy statement, a freeze on national service placements, or a change in its support for the National Service Scheme.
According to Parliament, the notice was a routine administrative message to prospective personnel who reported to the House, informing them that it has received more personnel than it can accommodate for the 2026/2027 service year and that they should seek reposting to other institutions.
It said it remains committed to the National Service Scheme and values the contribution of service personnel to its work, and regrets any confusion or inconvenience the wording may have caused.
By Edem Mensah-Tsotorme
Ghanaian public advocate Hopeson Yaovi Adorye has been elected to the Board of Directors of the World Taxpayers Association (WTA).
The election took place on Sunday, October 5, 2026, during the Association’s conference in Kraków, Poland.
His election marks a significant addition to his international leadership portfolio and provides a platform for Ghanaian and African perspectives to contribute to global discussions on taxpayer rights, responsible taxation, transparency and prudent management of public resources.
Reacting to his election, Mr. Adorye expressed appreciation to the leadership and members of the WTA for the confidence reposed in him.
“I am deeply honoured by this confidence and conscious of the responsibility that comes with it. Taxpayers are at the heart of every economy, and they deserve fairness, transparency, accountability and value for the taxes they pay. I look forward to working with colleagues from across the world to strengthen the voice of taxpayers and promote responsible fiscal governance,” he said.
According to him, taxation should not be viewed solely as a mechanism for raising government revenue, but also as an important component of the social contract between citizens and the state.
Mr. Adorye said governments have a responsibility to ensure taxes are collected fairly and public resources are utilised efficiently to deliver quality infrastructure, healthcare, education, security and other essential services.
His election also creates an opportunity to bring African experiences into international conversations on taxation and public expenditure.
Mr. Adorye, who is Executive Director of Taxpayers League Ghana, has previously served as Global Board Chairman of the International Youth Network for UN Security Council Resolution 2250, an NGO associated with the United Nations Economic and Social Council (ECOSOC).
He is expected to use his new role to champion fiscal accountability, taxpayer education, good governance and stronger citizen participation in public financial management.
