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

    Government finally makes progress on Debt Exchange Program

    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

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    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

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    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

    E-commerce in Ghana – statistics & facts

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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

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Rift between Camynta Baezie and GIA deepens

bycitibusinessnews
July 27, 2015
in Banking And Finance, Business, Top Stories
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The Chairman of the State Enterprises Commission, Dr Camynta Baezie has told Citi Business News he will not back down on his quest to sue the Ghana Insurers Association (GIA) for implementing his intellectual property which is the third party insurance premiums.

[contextly_sidebar id=”9LShFwD3Ocx1pUH1rUgpHUe5HjCErAT0″]Dr Baezie is claiming that he developed the concept in his capacity as a consultant to allow for increases in the third party insurance premiums to mobilize 30 million cedis annually for DVLA, the police, and some other agencies.

But the GIA has dismissed his assertions and has threatened to do a counter lawsuit.

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”We never considered his so called concept paper in any way during the tariff review so he better shut up before we take  legal action against him” Chief Executive Officer of the Ghana Insurers Association, Atsu Menyawuvor told Citi Business News.

But Dr Baezie in an interview with Citi Business News maintained that his concept would have reduced carnage on the country’s roads.

 

”Once they are able to resource all these institutions then collectively we can reduce the accidents, if we don’t do it that way we are just collecting money for the sake of collection and it will have the effect for which motor insurance was instituted in the first place.”

He adds that ”if the insurance companies and the whole country is  not clapping for me, then I don’t know what else i should be saying” Dr Baezie stated.

–

By: Lorrencia Nkrumah/citifmonline.com/Ghana

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