Bussiness
Hollard Life launches ‘MeBanbɔ’ micro-insurance
Hollard Life Assurance has partnered with pan-African fintech company, Cassava Fintech and Vodafone to launch a micro-insurance product, providing funeral and disability cover to the underserved.
The insurance product, is ‘MeBanbɔ’, to wit “My Protection”.
Patience Akyianu, Group CEO of Hollard Ghana, the parent company of Hollard Life Assurance, described the launch of MeBanbɔ as a significant milestone in the business’ quest to enable more people to create and secure a better future.
Patience said: “Our business goals are tied to our purpose to ensure access to insurance as a social good and an enabler of better future. We make it a point to be a catalyst for ensuring change by providing insurance products that serve the needs of our customers.
MeBanbɔ is a prime example of this, and we are proud to bring it to market in partnership with Cassava Fintech and Vodafone Cash.”
Nashiru Iddrisu, Managing Director of Hollard Life, said: “We developed MeBanbɔ after engaging with potential customers in underserved markets who expressed interest in securing their financial wellbeing against unexpected incidences, such as funerals and disability.
“However, they also revealed a reluctance to sign up for traditional life insurance products because of the seemingly unaffordable premium amounts, modes of payment and claims collection process.
MeBanbɔ eases these concerns. It is made for them, affording everyone the opportunity to plan their future wellbeing simply via mobile money, in amounts that suit their pockets and with an equally simple claims process.”
MeBanbɔ is currently available via Vodafone Cash and made possible through a partnership with Vodafone.
Head of Vodafone Cash, Martison Obeng-Agyei, said: “Our decision to partner the MeBanbɔ Insurance initiative was intuitive because this is yet another example of an innovative and affordable insurance product for Ghanaians.
This creates a golden opportunity for scores of hitherto underserved persons and communities to avail themselves of the benefits of insurance to secure themselves and their loved ones against future upheavals, and ultimately improve their quality of life.
Inclusion is one of our pillars as purpose-led organisation and undoubtedly a critical prerequisite for equitable growth as a country.’’
In a statement, Godwin Mashiri, the Head of Cassava Fintech International’s Mobile Insurance Business, the platform provider for MeBanbɔ, said: “We are very excited to be a part of this partnership with Hollard Life Assurance to launch MeBanbɔ in Ghana.
This partnership demonstrates and underscores our commitment towards a socially and financially inclusive future that leaves no African behind.
It is our hope that the launch of MeBanbɔ in Ghana would enable those who could not access affordable insurance cover to benefit from this product. This partnership would not be the last as we continue to provide a platform which improves the lives of everyday people across the continent.”
By Alfred Nii Arday Ankrah
Bussiness
Finance Minister tranfers funds to DACF, NHIS and GETFUND
The Minister for Finance Hon. Cassiel Ato Forson has disclosed that a sum of nine hundred and Eighty-Seven Million, Nine Hundred and Sixty-Five thousand and Seventy-Three Ghana Cedis (GHS987,965,073.00) from the Consolidated Fund into the District Assembly Common Fund Account, being the first quarter amount due to the DACF.
Furthermore, the Finance Minister informed the House that a total amount of Two Billion, Thirty- Three Million, Four Hundred and Sixty-Nine Thousand, Six Hundred and Seven Ghana Cedis (GHS2,033,469,607) has been disbursed to the National Health Insurance Fund.
While the Ghana Education Trust Fund has also received a total of Two Billion, Seven and Ten Million, Two Hundred and Twenty-Seven Ghana Cedis (GHS2,710,227,947.00) for the months January, February, March and April,2025.
The Finance Minister disclosed this in his statement to Parliament on the payments to statutory funds on the floor of the House.
In addition, he cautioned that the Administrator of the District Assembly Common Fund is required to ensure that 80% of this amount is transferred directly to the Assemblies without fail and expenditure returns submitted to the Ministry of Finance before subsequent releases will be made.
He added that Members are encouraged to monitor the utilization of these amounts sent to their respective Assemblies in line with the approved guidelines by Cabinet.
In his closing remark, Ato Forson said he’s going to take the concerns of the House seriously.
For his part, the Majority Leader, Mahama Ayariga made known the President’s prioritization of women in the country stating that President Mahama is “Pro-women”.
This is due to the fact that women are going to be the core beneficiaries from the expenditures going to be made by the MMDA’s, he added.
The Minority Leader Alexander Afenyo-Markin questioned the Finance Minister why road contractors have not been paid for more than five months. He said the Minister must not be applauded for since the allocation of these funds were long overdue.
Bussiness
Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’
Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.
This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.
Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.
The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).
This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.
It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.
The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.
The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities
The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.
The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.
