The insurance sector in Ghana is still underdeveloped in comparison to its potential.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ghana’s insurance industry remains underdeveloped relative to its potential with market penetration still just at 1.0%, despite having 50 licensed insurers and reinsurers, the 2026 Deloitte Africa Insurance Outlook has revealed.

The sector has, however, demonstrated resilience and progress in the face of a challenging economic environment.

According to the report, the low penetration rate underscores both the scale of untapped opportunity and the structural hurdles that must be addressed to build a more competitive and sustainable market.

Source: newsthemegh.com