Insurance Industry Donates Over Ghc1m To COVID-19 Trust Fund

The national COVID 19 Trust Fund has received further boost from Ghana’s insurance industry.

A total donation of one million one hundred and five thousand Ghana cedis (GHC1,105,000) was donated to the Covid-19 Fund to aid in the fight against the novel coronavirus.

Of this amount, the Insurance Brokers Association of Ghana (IBAG) contributed Ghc200,000.

The donation is in response to President Akufo-Addo’s call for public support to aid those who would be affected by the disease.

The donors comprising the industry’s key stakeholders led by its Regulatory body, the National Insurance Commission (NIC), included the Ghana Insurers Association (GIA), the Insurance Brokers Association of Ghana (IBAG), and the Chartered Insurance Institute of Ghana (CIIG).

The rest are the Ghana Insurance College (GIC), the West Africa Insurance Companies Association (WAICA), headquartered in Accra, and the ECOWAS Brown Card Ghana Office.

The collective gesture was also triggered by the fact that as the main risk management machinery of the country’s economy, the players deemed it necessary to support in the fight to protect its insureds and prospective ones without whose existence the sector would be significantly affected.

The delegation led by the Commissioner of Insurance, Mr. Justice Ofori, also included the President of the Chartered Insurance Institute of Ghana (CIIG), Rev. Asante Marfo-Ahenkora, the President of (Insurance Brokers Association of Ghana (IBAG), Mrs. Lena Adu-Kofi, and Mr. Richard Okyere, the Director of the Ghana Insurance College (GIC).

Other members of the delegation were Mr. Michael Kofi Andoh, Deputy Commissioner of Insurance, Mr. Victor Obeng Adiyiah, 2nd Vice-President of the GIA, and Mr. Patrick Agyekum, Chief Executive Officer of the ECOWAS Brown Card Office, Ghana.

Receiving the cheques presented variously to the Chairperson of the Fund, Madam Sophia Akuffo, expressed gratitude to the insurance industry for their thoughtfulness and commitment to supporting a worthy cause.