• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Debt Exchange: NIC to suspend GHS 50m capital requirement, others

3 years ago
in Economy, Features, highlights, Home, home-news, Insurance, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Debt Exchange: NIC to suspend GHS 50m capital requirement, others

The National Insurance Commission (NIC) in has announced measures aimed at mitigating the impact of the Domestic Debt Exchange Programme on insurance companies.

The measures include a two-year moratorium on the Minimum Capital Requirements (MCRs) and Capital Adequacy Ratio (CAR) for insurers.

During the moratorium period, insurance companies are required to operate in a manner that allows them to pay claims and operating expenses, although they will not be subject to the MCR (currently set at ¢50 million) and CAR (14.2%) regulations.

The NIC intends to develop guidelines to govern the operations of regulated entities during the moratorium.

In addition to the moratorium, the NIC has proposed spreading day-one losses from new bonds over a period of four to five years, a framework to guide the re-pricing of insurance products, revisions to claim payment timelines, and the release of up to 50% of the minimum Statutory Deposit to eligible entities for claims payment.

The NIC stated that these measures will help ensure the stability and sustainability of the insurance industry in as it navigates the impact of the Domestic Debt Exchange Programme.

RelatedPosts

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

Tags: debt exchangeDebt Exchange: NIC to suspend GHS 50m capital requirementNICothers
No Result
View All Result

Highlights

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

IMF Says Good Policies and “Good Luck” Helped Emerging Economies Better Resist Shocks

GSE Composite Index Extends Rally as Market Capitalisation Hits GH¢165.99bn

FIFA Raises Ticket Prices for 2026 World Cup Amid Surging Demand

CAF Confident AFCON Will Proceed Amid Ongoing Protests in Morocco

Trending

Business

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer” What started as a fierce demand by Hon....

Inflation is Falling, But the Relief isn’t Uniform

October 7, 2025

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

October 7, 2025

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

October 7, 2025

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.