The National Insurance Commission (NIC) has expressed its commitment to developing and providing tailor-made insurance products for trader groups operating in the country.
According to the Commissioner of Insurance, Dr Justice Ofori, he believes the move is necessary to help safeguard the lives, property and businesses of these groups which play a significant role in the Ghanaian economy.
Delivering remarks following a courtesy call paid on him by the Traders Advocacy Group Ghana (TAGG), Dr Justice Ofori underscored the importance of insurance and sensitisation of products for traders’ groups.

“We are ever ready to help you insure all members of TAGG, and in view of that we are ready to design tailored insurance products for your members, and also to let us know what the needs of your members are and we will develop products to suit them”, Dr Ofori assured.
President of the TAGG David Kwadwo Amoateng on his part, also called on the insurance Brokers Association of Ghana (IBAG) and the Ghana Insurers Association (GIA) to help insure its members.
He said TAGG is ready to collaborate with these institutions in order to insure its 7,000 members against risks that may affect their business operations.
“Most Traders are not insured because they have not been educated about insurance and its relevance and that is why they are not doing it. But if you educate them about insurance benefits, they will definitely sign on to it,” Amoateng said.

He continued “so insurance companies should not say that Traders are difficult to deal with and all that, we do want to insure our businesses and mitigate risks”.
The TAGG president added that insuring over 7,000 of its registered members across the country will help improve insurance penetration in Ghana.
Traders Advocacy Group Ghana is solely responsible for protecting the trade rights of its members operating in the country.
Other Insurance Industry Executives who welcomed TAGG were Seth Aklasi, President of the Ghana Insurers Association (GIA), and Shaibu Ali, President of the Insurance Brokers Association of Ghana (IBAG)
Latest Stories
-
Asenso-Boakye discusses sustainable urbanization with UN-Habitat chief
1 min -
‘E-levy not a bad tax; Ghanaians just don’t want to pay taxes’ – Gabby Otchere-Darko
13 mins -
Traders and transport operators give government feedback on mitigation measures
22 mins -
Toxic gas leak kills 13, injures hundreds at Jordan’s Aqaba port
41 mins -
Ofori-Atta has not indicated need to seek economic support from IMF – Oppong Nkrumah
42 mins -
Estate of late photographer files Lawsuit against Universal Music Group over 2Pac photo
51 mins -
Withdraw E-Levy; Ghanaians don’t like it – Bokpin
53 mins -
Texas migrant deaths: At least 46 found dead in abandoned lorry
1 hour -
Indian police arrest journalist over tweets criticising Prime Minister
1 hour -
Buhari appoints new chief justice after resignation of Tanko Muhammed
1 hour -
Time is not on our side, ‘going to IMF is not a sin’ – Bokpin to government
2 hours -
KNUST’s Prof. Ahadzie receives Outstanding Reviewer Award for Journal Of Urban Planning and Development
2 hours -
Today’s front pages: Tuesday, June 28, 2022
3 hours -
4th Africa Procurement and Supply Chain Awards celebrates innovative personalities, industry players
3 hours -
Nana Kwaku Boateng lll sworn in as New Juaben Manhene
3 hours