Solomon Lartey

The Chartered Insurance Institute of Ghana (CIIG) is warning that over 7.5 million policies will be affected by the Domestic Debt Exchange (DDE) programme in its current form. According to its President, Solomon Lartey, this is because more than 40% of insurance premiums are invested in government securities, particularly bonds. Speaking to the media at the Investiture Ceremony of the Governing Council of the CIIG, Mr. Lartey said the Domestic Debt Exchange programme will further worsen underwriting losses by insurance firms if the industry is not exempted from the programme. He also pointed out that confidence in the insurance industry…