Tag: recapitalization
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Recapitalization of financial sector a positive signal of economic stability – Moody’s
A new report by international rating agency, Moody’s, says the steps taken by regulatory authorities to recapitalize the financial sector has given a positive signal about Ghana’s economic and financial stability. This, coupled with efforts directed at reducing the country’s power deficit, according to Moody’s, shows effective policy making, improving the confidence level in government.…
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Insurance recapitalization: Defaulter to lose license by mid 2017
All but one of the fifty insurance companies have met the new minimum capital requirement set by the National Insurance Commission (NIC). As a result, the company has until June 2017 to recapitalize in order to escape a possible revocation of its license. This is the indication from the Commissioner of Insurance, Lydia Lariba Bawa.…
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3 insurance companies to lose licenses over recapitalization – NIC
At least three insurance companies risk having their licenses revoked, over their failure to meet the recapitalization requirement, by the National Insurance Commission [NIC]. The Commissioner of Insurance at the NIC, Lydia Lariba Bawa who disclosed this to Citi Business News would however not mention the names of the affected companies. “Some will by all…