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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Manufacture of petroleum products push PPI to 31.2% in April

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    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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NIC donates 500 GoTa phones to Police Service to boost fight against fake Motor Insurance

March 12, 2021
in Business
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The National Insurance Commission (NIC) has presented 500 GoTa phones to the Motor Traffic & Transport Department (MTTD) of the Ghana Police Service for enforcement activities. These security devices are meant to detect vehicles with fake motor insurance policies plying the roads.

Presenting the items to the Police at an official ceremony at the Police Headquarters on Thursday, March 11, 2021, the Commissioner of Insurance, Dr. Justice Ofori, noted that the use of the devices “would further reduce the issuance and use of fake motor stickers to the barest minimum”.

Dr. Ofori remarked that “through the assistance of the Police, the Commission has in the past, arrested and sometimes prosecuted persons who have been found dealing in the issuance of fake motor stickers”.

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He stated further that, “The enforcement activities of the Police through the use of the GoTa phones would affirm the Commission’s obligation to protect the interest of the policyholder and by extension, the average person on the street”.

Receiving the devices on behalf of the Inspector-General of Police (IGP), Mr. James Oppong Boanuh, the Director-General of the MTTD, COP Frederick Adu-Anim expressed appreciation to the NIC for its support over the years.

“Indeed, the support we have received from the (NIC) in the past has not only been immense but also phenomenal. Mention can be made of the Commission’s nationwide Training of Trainers (ToT) programme to build capacity on the MID for some 400 personnel of the MTTD in 2020,” he remarked.

“It is instructive to note that even before the presentation of these devices, the MTTD personnel had started making use of the USSD short code *920*57# which provides time checks on the insurance validity on vehicles”, he stated.

The NIC in January 2020, implemented an electronic motor insurance database software, known as the Motor Insurance Database (MID). It is a central database repository of all motor vehicle insurance policies issued by insurance companies in Ghana.

With the MID, one can easily verify the insurance status of any vehicle and confirm the authenticity of the insurance policy purchased through a USSD code. The GoTa phones to be used by the Police have additional security features for enforcement and investigative purposes, and are the preserve of only the Police.

Since its implementation, the MID portal has issued insurance policies to an impressive 1.4million vehicles.

The business of fake motor insurance has greatly reduced as the initial objective of curbing the menace of vehicles with fake insurance stickers plying the roads, endangering lives and property has been achieved, to a large extent.

Tags: Fake Motor InsuranceGhana PoliceNIC
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