Also known as: NIC
National Insurance Commission — Ghana's insurance regulator that revoked NICON's licence and deployed acting commissioner to coordinate sector response to flood claims.
Verbatim sentences from the source article.
The Chronicle
… The operational licence of NICON – owned by the Federal Government and established in 1969 by Decree 2 – has been revoked by the National Insurance Commission, NAICOM, Nigeria’s insurance regulatory body. …
Nigeria’s biggest insurance firm, NICON loses licenceThe Chronicle
… It may also support the Securities and Exchange Commission and the National Insurance Commission as the wider non-interest financial ecosystem develops. …
Non-Interest Banking Will Not Create Religious Banking System –Dr AsiamaJoy Online
… He also urged the National Insurance Commission (NIC) to continue enforcing regulations against organizations that use insurance-related terminology without the requisite regulatory approval. …
CIIG 6th Insurance Excellence Awards highlights need to protect professional standardsJoy Online
… , dubbed “UNDP Ghana Capacity Development Training on Disaster Risk Financing, Flood Risk Modelling, Technical Assistance Deployment and Payout Management,” brought together representatives from Ministries, Departments and Agencies (MDAs), NADMO, the National Insurance Commission …
Stakeholders trained in parametric insurance and disaster risk financingJoy Online
… We remain committed to supporting the Bank of Ghana, the Securities and Exchange Commission, the National Insurance Commission, financial institutions and other relevant stakeholders with knowledge development and capacity building as the industry moves into its next phase. …
A new chapter for Ghana’s financial system: Commending BoG on non-interest banking milestoneDaily Guide
… He said the Non-Interest Financial Advisory Council would also provide advisory support to the Securities and Exchange Commission and the National Insurance Commission as the wider non-interest finance ecosystem developed, until those institutions established their own advisory c …
BoG Inaugurates Council To Oversee Non-Interest FinanceJoy Online
… Through contributions mobilised by the National Insurance Commission (NIC), a percentage of vehicle owners’ insurance cover is allocated to the NHIA. …
National Health Insurance Levy Uncapped: The Game ChangerThe Chronicle
… The DVLA, the National Road Safety Authority, the Motor Traffic and Transport Department of the Ghana Police Service, and the National Insurance Commission are strengthening collaboration to develop a coordinated and data-driven approach to road safety. …
When the sirens become a national anthem: confronting Ghana’s road accident crisisJoy Online
… It will also provide advisory support to the Securities and Exchange Commission and the National Insurance Commission as the wider non-interest finance ecosystem develops. …
Non-interest banking products must meet required standards – BoG Governor to NIFACJoy Online
… The DVLA, the National Road Safety Authority, the Motor Traffic and Transport Department of the Ghana Police Service, and the National Insurance Commission are strengthening collaboration to develop a coordinated and data-driven approach to road safety. …
When the sirens become a national anthem: confronting Ghana’s road accident crisisNigeria's National Insurance Corporation (NICON), the country's largest insurance company established in 1969, has had its operational licence revoked by the National Insurance Commission (NAICOM) due to persistent failure to meet regulatory requirements. A Receiver and Provisional Liquidator has been appointed to oversee the company's assets and liabilities.
8 September 2026 · The Chronicle →
Nigeria's National Insurance Corporation (NICON), the country's largest insurance company established in 1969, has had its operational licence revoked by the National Insurance Commission (NAICOM) due to persistent failure to meet regulatory requirements. A Receiver and Provisional Liquidator has been appointed to oversee the company's assets and liabilities.
8 September 2026 · The Chronicle →
The Governor of the Bank of Ghana has assured the public that introducing non-interest banking will not create a religious banking system or give any faith preferential treatment. The initiative is presented as an inclusive, non-discriminatory commercial banking model intended to operate alongside conventional banking rather than replace it.
3 September 2026 · The Chronicle →
The Chartered Insurance Institute of Ghana (CIIG) held its sixth Insurance Excellence Awards on August 29, 2026, at Labadi Beach Hotel, with CIIG President Solomon Lartey calling on stakeholders and regulators to protect the integrity of the profession by discouraging participation in award schemes that do not meet professional and ethical standards.
31 August 2026 · Joy Online →
Ghana's Bank of Ghana has identified a $4.8 billion SME financing gap, with a deputy governor arguing that the issue is not capital availability but rather assessment capacity. The Bank proposes that open banking reform should focus on lending to businesses lacking conventional collateral, shifting financial inclusion benchmarks from payment access to fair credit terms.
29 August 2026 · Joy Online →
Scores of stakeholders from government institutions have undergone a four-day capacity development programme on parametric insurance and disaster risk financing, organised by NADMO and the Ministry of Finance in collaboration with UNDP, to strengthen Ghana's preparedness for climate-related disasters, particularly flooding.
26 August 2026 · Joy Online →
The Bank of Ghana has issued its Guideline for the Regulation and Supervision of Non-Interest Banking and inaugurated the Non-Interest Financial Advisory Council, marking a significant milestone after nearly a decade of advocacy and stakeholder engagement by the Islamic Finance Research Institute of Ghana and others.
22 August 2026 · Joy Online →
The Governor of the Bank of Ghana has inaugurated the Non-Interest Financial Advisory Council to support regulation and supervision of non-interest banking institutions and advise the central bank on governance and supervision issues in the sector.
20 August 2026 · Daily Guide →
Ghana's National Health Insurance Scheme, established under Act 852 in 2012, mandates membership for all residents and covers approximately 95 per cent of disease conditions recorded in Ghana, with vulnerable groups including children under 18 and pregnant women exempted from registration and premium fees.
19 August 2026 · Joy Online →
Ghana is facing a mounting road accident crisis, with 4,899 crashes causing 1,009 deaths and 5,982 injuries between January and April 2026. The DVLA board chairman identifies poor road infrastructure, inadequate safety features, and corruption in enforcement as contributing factors.
19 August 2026 · The Chronicle →
The Bank of Ghana Governor Dr Johnson Asiama has cautioned that non-interest banking products must meet required standards of transparency, soundness and consumer protection, and that such products should not be accepted merely because they carry a non-interest label. He stressed that the structure, risks, costs and obligations of these products must be transparent and understandable to customers, and that non-interest finance operates through mechanisms such as trade, leasing, partnerships and asset-backed transactions.
18 August 2026 · Joy Online →
Ghana recorded 14,743 road traffic crashes in 2025, resulting in 2,949 deaths and 16,714 injuries, with the crisis continuing in early 2026 when 4,899 crashes between January and April claimed 1,009 lives and injured 5,982 people. The DVLA board chairman attributes the problem to poor road infrastructure, inadequate maintenance and safety features, and corruption in enforcement institutions.
17 August 2026 · Joy Online →
The Driver and Vehicle Licensing Authority is rolling out a new digital vehicle number plate system with embedded Radio Frequency Identification chips and Ghana Card integration, beginning with a pilot phase on government vehicles in August 2026, followed by a mandatory nationwide rollout in January 2027. The system aims to create a more credible vehicle registration database, prevent registration of stolen and uncustomed vehicles, and align Ghana with international best practices.
4 August 2026 · The Ghanaian Times →
Access Bank Ghana participated in a five-day executive study tour in Kuala Lumpur, Malaysia, organised by the Islamic Finance Research Institute of Ghana and Malaysia's International Islamic University, to deepen institutional capacity in non-interest banking, Takaful insurance, and financial innovation as part of its commitment to ethical and inclusive finance solutions.
3 August 2026 · Daily Guide →
Access Bank Ghana participated in a five-day executive study tour in Kuala Lumpur organised by the Islamic Finance Research Institute of Ghana and Malaysia's International Islamic University, where participants studied non-interest banking, Takaful insurance, and Sukuk bonds to advance ethical finance and financial inclusion in Ghana.
27 July 2026 · Joy Online →
The Driver and Vehicle Licensing Authority announced plans to replace all vehicle number plates in Ghana between January 1, 2027, and December 31, 2028, under a new digital vehicle identification system that will integrate with toll, insurance, police, and judiciary databases to strengthen vehicle identification and reduce revenue leakages.
14 July 2026 · Joy Online →
Ghana's insurance industry called on the public to embrace insurance as protection against disasters during a flood clean-up exercise in Accra on July 10, 2026. The National Insurance Commission's Acting Commissioner said insurers are setting up special desks to provide prompt compensation to policyholders affected by recent floods.
10 July 2026 · Joy Online →
An opinion piece argues that Ghana's rural inclusion gap requires concrete action beyond diagnosis: coordinated rural connectivity plans involving government, the National Communications Authority, telcos, and the Ministry of Energy; public-private partnerships to fund shared network towers and solar-powered agent points; and investment in training and compensating mobile money agents as frontline financial workers.
10 July 2026 · Daily Guide →
The Ghana Insurers Association opened its 4th International Educational Seminar, with the GIA President calling on industry players to demonstrate bold leadership and strengthen professional capacity to address emerging challenges including climate change, cyber threats, and artificial intelligence. The President highlighted insurance as a key pillar of national resilience and noted the sector's response to past disasters, including GH¢36 million in claims paid following the June 3, 2015 twin fire and flood disaster.
8 July 2026 · Joy Online →
An opinion piece argues that Ghana's rural financial inclusion gap requires concrete action on infrastructure, mobile coverage, electricity supply, and training of mobile money agents, rather than vague corporate commitments.
6 July 2026 · Joy Online →
The Bank of Ghana's Head of Fintech and Innovation is calling for a coordinated, industry-wide system to combat fraud across banks, mobile money operators, and fintech companies, arguing that separate systems are inadequate in an interconnected ecosystem. Ghana's digital financial sector recorded 16,733 fraud cases in 2024, up from 15,865 in 2023, with payment service providers accounting for the majority.
6 July 2026 · Joy Online →
Absa Bank Ghana has begun operating from its new head office, named Absa Place, at 64 Independence Avenue, Ridge, Accra, relocating from its longstanding High Street location where it had operated for over a century. The new purpose-built headquarters is designed to support future growth and enhance service delivery, though it has not yet been officially commissioned.
1 July 2026 · Joy Online →
Coronation Insurance Ghana and MTN Mobile Money have launched the Smart SME Plan, a fully digital Business Protection Insurance product designed to provide affordable risk mitigation for small and medium-sized enterprises. The initiative aims to reduce barriers such as complex paperwork and high costs that have historically limited insurance access for Ghana's informal sector.
1 July 2026 · Business & Financial Times →
Ghana's High Commissioner to Malaysia, Florence B. Akonor, has urged Ghana to reduce reliance on Western economic models and draw lessons from Malaysia's discipline, policy consistency and long-term vision. She made the remarks during a five-day training tour in Kuala Lumpur, where Ghana's financial regulators are studying Malaysia's non-interest banking and finance ecosystem.
26 June 2026 · Joy Online →
FSD Africa, the British High Commission, and Ghana's Infrastructure Investment Fund have launched a Green Project Preparation Facility to bridge Ghana's infrastructure financing gap by preparing climate-aligned projects for investment. The facility is initially capitalised with GBP5 million from the UK Government.
26 June 2026 · Joy Online →
Ghana has built world-leading financial regulation and scored above 96 per cent on the Global System for Mobile Communications Association's Mobile Money Regulatory Index, but its regulators have not all established mandatory and structured Continuous Professional Development programmes for emerging priority areas such as cybersecurity, data analytics, and digital compliance.
25 June 2026 · Joy Online →
Ghana's Bank of Ghana, Securities and Exchange Commission, and National Insurance Commission officials are undergoing a five-day training programme in Malaysia focused on non-interest banking, fintech, and customer service, aiming to bring lessons back to deepen Ghana's financial sector.
25 June 2026 · Joy Online →
Ghana's insurance penetration stands at approximately 1% of GDP, well below African averages. The National Insurance Commission is driving reforms through microinsurance, digital platforms, and products tailored to the informal sector's traditional savings systems to boost coverage.
24 June 2026 · Business & Financial Times →
A delegation of financial sector regulators from Ghana is training at the International Islamic University of Malaysia to study the country's non-interest finance framework, as the Bank of Ghana, Securities and Exchange Commission, and National Insurance Commission prepare to roll out their own non-interest guidelines.
24 June 2026 · Joy Online →
The Islamic Finance Research Institute of Ghana has organised a five-day International Executive Training & Study Tour on Non-Interest Banking in Kuala Lumpur, bringing together professionals from Ghana, Nigeria, Malaysia and beyond, including officials from Ghana's Securities and Exchange Commission and National Insurance Commission, to gain exposure to Malaysia's dual-banking system and regulatory framework.
23 June 2026 · Joy Online →
The Islamic Finance Research Institute of Ghana has organised a five-day International Executive Training and Study Tour in Kuala Lumpur from June 22 to 26, 2026, bringing together professionals from Ghana, Nigeria, Malaysia and beyond to learn about non-interest banking, capital markets, and takaful insurance. Participants include officials from Ghana's Securities and Exchange Commission and National Insurance Commission.
22 June 2026 · Joy Online →