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How to obtain home insurance in Ghana?

Home insurance is an insurance policy that pays out compensation to a policyholder in the case of an agreed upon damage to the policyholder's private residence. Due to the many unfortunate incidents that could happen to a person's home and its contents, home insurance constitutes a cover for several items all insured with one periodic premium. Apart from covering contents of property it could also cover the liability of a policyholder to a third party relating to domestic incidents. A home…

GhanaCompares.com is proud to say

GhanaCompares.com is proud to say “We offer all Ghanaians the best deal on: Mortgage Insurance Broadband Loan Credit Card Financial products GhanaCompares.com is Ghana’s first online comparison website that aims to revolutionize the banking, insurance and broadband industry by offering online innovation to every single Ghanaian. We all know that hunting around for a financial product which is right for you can be a challenge in Ghana. Going around to all the banks,…
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How to obtain broadband in Ghana?

Access to fast, reliable internet is one of the best boosts for productivity or entertainment that you can get. With how dependent society is becoming on the internet for work, information or fun, the decision on internet access is one of the most important ones that one can make. Broadband internet, which Wikipedia defines as “any high-speed Internet access that is always on and faster than traditional dial-up access.” This means if you’re reading this article on the internet right now…
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How to obtain a credit card in Ghana

A credit card is a short-term financing option issued by a commercial bank to allow holders to borrow money at the automated teller machine (ATM) or pay for goods and services at a point of sale device. The limit one can borrow is predetermined by the issuing bank, after the credit worthiness of the applicant has been ascertained. Obtaining credit facilities is a major challenge to most people in Ghana due to a high rate of non-performing loans in the banking sector. Not until December last year…
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How to obtain a loan in Ghana

Any act which involves giving out money, an asset or goods of which repayment (or payment) is expected to be made with an interest charge at a later date can be classified as a loan. The act of giving out money to be paid later with interest is regulated by the Bank of Ghana. The two main types of loans are secured loans and unsecured loans. Secured loans are loans backed by a collateral security and unsecured loans are those not backed by collateral. Commercial banks, microfinance companies and…
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How to obtain life insurance in Ghana

They say only two things are certain in life – death and taxes. But imagine if you could pay a kind of tax that will ensure that when you eventually die the people who depend on you will not be overwhelmingly disadvantaged by your passing. That is what life insurance provides. A life insurance (or life assurance) programme offers to pay your named beneficiaries a sum of money upon your passing in exchange for periodic payments known as premiums. Because death is inevitable, having a life insurance…

Ghana’s insurance market value to hit $600m by 2018

  Ghana’s insurance market value will reach US$600 million in 2018, from US$400million in 2014, based on a projected annual growth rate of 8.5percent, the 2017 edition of the Oxford Business Group Report has shown. The report cited an EY January 2016 survey as saying Ghana had the highest potential for growth in insurance premiums, and the least in terms of risk in sub-Saharan Africa. Insurance penetration which is below two percent of the population, measured as a percentage of GDP, underpins…