Audio By Carbonatix
The Ghana Union of Traders Association (GUTA) has expressed strong disapproval of the government’s unilateral decision to implement a local cargo insurance directive without adequate consultation with stakeholders.
In a statement signed by Secretary-General Richard Amamoo on January 28, 2026, GUTA raised concerns over the imposition of mandatory insurance services on businesses, incomplete stakeholder engagement, and the limited competitiveness and track record of local insurers.
GUTA warned that penalising businesses for not insuring locally is unfair, especially when local insurance providers may lack sufficient capacity or experience to handle such responsibilities effectively.
The association has called on the National Insurance Commission and other relevant authorities to halt the directive’s implementation and engage stakeholders meaningfully to address these concerns.
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