IMANI’s John Sitsofe Mensah writes on insurance industry capture under Ken Ofori-Atta

Ten to fifteen years ago, SIC Insurance PLC was the undisputed heavyweight of the Ghanaian non-life insurance market, comfortably commanding upwards of 20 to 25 per cent of the sector. Around 2014, its grip began to slip significantly, dropping to roughly 16 per cent. By 2018, it had lost its apex position entirely. Today, it sits exactly where Franklin Cudjoe described: squeezed into the 4 to 6 per cent mid-tier bracket.

By Caleb Ahinakwah