Ghana Insurance Q3 2018
Growing quickly, but largely under-developed, Ghana's insurance industry will present significant growth opportunities tomultinational providers and investors over the next few years. Against the backdrop of a fast-growing economy and falling interestrates, robust consumer and business spending will drive demand for key lines, including life and property insurance covers, as wellas more niche products, such as health and personal accident, and credit and financial guarantee insurance. As poverty levels fall,we also not the rapidly growing popularity of microinsurance products in the country. With relatively few multinationals currentlyestablished in Ghana, overseas providers will be able to take advantage of favourable conditions and low penetration levels.However, rising inflationary pressures and potential currency depreciation are among the headwinds facing investors.
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