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…