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    Deadline for debt exchange program moved to February 7 with new terms

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    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

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    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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STC offers insurance cover for passengers

bycitibusinessnews
April 29, 2015
in Business, News, Transport
Share on FacebookShare on TwitterShare on Whatsapp

As parts of measures to increase passenger intake and boost its operations, management of Intercity STC have announced it will offer a life insurance cover for all passengers who board its buses.

[contextly_sidebar id=”IdV6IQSWMd78nSHZCg3dt3ZKosRseAQ7″]The life insurance cover being underwritten by SIC/Life Trust Financial Services will offer up to GHC 2000 in the event of an accident leading to death.

This was announced by the Board Chairman of SIC/Life Trust Financial Services Aaron Issa Anafure at an event to hand over some buses to the management of STC.

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”The passenger has a personal accident cover which is attached to the motor insurance; we have decided to make it more lucrative and attractive because they are into competition this means that if you board an STC bus and unfortunately you die through an accident, SIC/Life will pay the death benefits”.

He adds that passengers who sustain injuries in the event of an accident will not be eligible for the insurance cover.

The event saw the handing over of 10 Toyota hiace buses and 5 coaster buses each valued at a cost of USD 45,000.

Managing Director of Intercity STC, Samuel Nuamah Donkor tells Citi Business News the fleet of buses will increase the fortunes of the company.

”These buses have been paid for and if we take into account that STC hasn’t paid for buses that were given to them by government it is simply because it was not commercially driven but we have put policies to ensure that we don’t go back to the old ways and run ourselves into trouble.”

Mr Nuamah adds that STC will henceforth combine profitability and corporate social responsibility to shore up the company’s profit.
–

By: Lorrencia Nkrumah/citifmonline.com/Ghana

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