The National Insurance Commission of Ghana decided in 2019 to raise the capital of insurance and reinsurance companies. The majority of insurers complied with this measure on this date

The insurance industry regulator, the National Insurance Commission (NIC) has seen 98% of Ghanaian insurers comply with its minimum capital requirements since 2019. Moses Ackah-Jayne, head of marketing and external relations at NIC, who was speaking in the town of Kumasi on May 25 during a program to raise awareness about insurance policies among informal sector actors, gave this percentage. Moses Ackah-Jayne indicates that “most insurance companies have met regulatory capital requirements. A few more details are still being discussed.”