The National Insurance Commission (NIC) boss has revealed that processes are underway for the insurance industry to solely bear the cost of towing stationary or broken down vehicles from the road.
Dr Justice Ofori in an interview with Winston Amoah on JoyNews’ UpFront stated that the Ghana Insurance Association are undertaking the course as a “give back” to society.
“So we engaged with our regulated entities, the General Business Insurers who had already being working on this in the past. And we feel that we should be able to find a mechanism within the current premium regime without raising any additional cost.
“Because we know that all comprehensive vehicles in our country has a towing element in it. It is not going to be an easy thing but we want to pilot it in Accra, hopefully by August we hope that we might be able to start at no cost to the consumer,” he said.
Following government’s unsuccessful attempt to introduce a mandatory towing levy in 2018, the NIC Commissioner was of the view that, the “free towing service” to be operationalized by insurers will highlight the importance of towing damaged vehicles off roads to save lives.
“When the government tried introducing a levy society didn’t like it, society has to actually benefit and see the importance of the compulsory tow.
“But we all drive and we have seen that stationary or disabled vehicles on our roads are a danger to drivers and pedestrians so whatever we can do to make our road safe, we are going to start as an industry and then take it from there,” he stated.
Revealing how the programme is going to be funded, the NIC boss stated that they would depend on money from the comprehensive premiums that have been garnered so far.
- Construction work by manufacturing company causing artificial earthquakes in Bortianor – Residents
- Shatta Wale showers dollars on Nana Ama Mcbrown
- Auditor General indicts former Nhyieso MP over failure to recover ¢500k of Assembly’s Common Fund
- Defence and Finance Ministers to answer questions in Parliament over Presidency’s hiring of private jet for foreign travels
- ‘I miss living life with you’ – T. B. Joshua’s wife marks his 58th birthday
- One of 2 robbers who attacked and robbed motorist on Fiesta Royale-GIMPA stretch arrested
- TUTAG to proceed with strike action despite NLC order
- #FixTheCountry: Leave social media, come and plant trees – Oti Regional Minister to campaigners
- GPL wrap: Hearts extend lead at top, King Faisal climb out of relegation zone
- I was slapped, burnt after Nkrumah was overthrown – Former lady-in-waiting to Fathia Nkrumah
Auditor General indicts KMA as it uses Assembly’s Common Fund to pay judgement debt
Use digital platforms to reduce paper usage – Ursula
FixTheCountry case adjourned over late filing of documents
Playback: Foreign Minister to address the nation on Ghana’s election to UN’s Security Council, 59th ECOWAS meeting
Asantehene commends board and management of ADB for refocusing on its core mandate
GRA optimistic of addressing automation tax payment challenges by July
Euro 2020: Heart doctor’s Twitter thread on Christian Eriksen collapse is eye-opening
Sir John’s funeral: Government begins monitoring persons who participated – Nsiah Asare
Auditor General indicts former Nhyieso MP over failure to recover ¢500k of Assembly’s Common Fund
Today’s front pages: Monday, June 14, 2021
BoG was right to decline Parliament invitation; BSDI law is clear – Banking Consultant
Let’s pursue “Ghana Beyond Aid” agenda – CIMG President charges Marketers
Neymar stars as hosts Brazil win Copa America opener
International Albinism Awareness Day: GAPA calls for policies to assist persons with albinism
Covid: 19: 382,000 people have been fully vaccinated – Nsiah Asare