• 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 Business

Ghana secures $450m ATI-backed insurance for trade and investment

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Trade
2 min read
0 0
0
57
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana secures US$450m ATI-backed insurance for trade and investment

Ghana has secured US$450 million African Trade Insurance Agency (ATI)-backed insurance cover for projects and trade-related transactions in various sectors as at the end of May 2022.

With an insured portfolio of trade and investments across Africa valued at US$6.6billion in 2021, ATI – a multilateral insurer – continues to serve in bridging in the gap by providing risk insurance on the African continent between sovereigns and investors as well as creditors and suppliers.

In a media briefing ahead of the ATI 22nd Annual General Meeting in Accra, the Chief Executive Officer (CEO) of African Trade Insurance Agency (ATI), Manuel Moses said: “This clout is essentially what will benefit Ghana on several fronts. First, thanks to its membership in ATI, government can like other West African member-countries of ATI use ATI’s insurance to attract commercial financing at the level of more developed economies”.

Mr. Moses added: “ATI has supported Ghana’s sovereign on a number of infrastructure projects over the past two years of membership. ATI provided guarantees against the risk of sovereign default, which allowed international banks to provide funding for the projects”.

The projects are the €80million financing for the Bolgatanga–Bawku–Pulmakon Road Project, as well as the  €148million financing package for reconstruction of the Tarkwa-Agona-Nkwanta Road and Bechem-Akumadan Road.

The other project is the €55million financing package for construction of Trauma Hospitals in Obuasi and Anyinam; a new Accident and Emergency centre at Enyiresi Hospital; and the rehabilitation of Obuasi Health Centre.

RelatedPosts

US Slaps Tariffs on 1-Kg, 100-Oz Gold Bars

CDD-Ghana Mourns Victims of Military Helicopter Crash, Calls for Thorough Investigation

Tribute from CUTS International: “These Men Are Worth Our Tears”

“These projects are in addition to a pipeline of transactions that ATI expects to complete in the coming months,” he highlighted.

In essence, Ghana will have better financing terms and longer duration – and can subsequently help pay off more expensive debts and create a more sustainable debt management process.

“We have an active exposure on commercial transactions of over US$121million across the following sectors: energy and gas; mining and quarrying; construction; and financial and insurance activities,” he added.

In the financial services sector, banks in particular stand to gain as ATI’s presence will help increase access to credit insurance. This insurance supplements the collateral that banks heavily rely on in lending to Small and Medium-sized Enterprises (SMEs).

The manufacturing and trade sectors also benefit from ATI’s credit insurance by expanding their sales beyond Ghana, enabling a targetted approach for exporters and suppliers to import needed goods that can help build their companies.

In the Energy Sector, through ATI’s Regional Liquidity Support Facility (RLSF) backed by KfW Development Bank and NORAD, Ghana is expected to receive some funds which will help mitigate the negative impacts of climate change.

The Facility was created to help tackle climate change by supporting renewable energy projects in ATI’s member-countries.

RLSF supports small- and mid-scale renewable energy projects by protecting the developers against the risk of delayed payments by public off-takers.

This ensures that more renewable energy projects reach financial close, enabling government create a greener energy mix to help mitigate climate change.

The Facility can be accessed once Ghana signs onto the RLSF Memorandum of Understanding, as this process is expected to be finalised over the next year.

Tags: AFCFTAAfrica Trade InsuranceghanaGhana secures US$450m ATI-backed insurance for trade and investment
No Result
View All Result

Highlights

World Bank Joins African Development Bank and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy Alliance

OpenAI Launches GPT-5, Expands ChatGPT Power to 700m Users

Energy Analysts Urge Operational Efficiency as Tullow Oil Swings to $61m Loss in H1 2025

Rebased GDP and Welfare of the Average Nigerian

Meet Stephen Miran, Trump’s Newest Federal Reserve Board Pick

CHAN 2024: Kenya Holds Angola to Draw While DR Congo Claims Vital Win Over Zambia

Trending

Business

US Slaps Tariffs on 1-Kg, 100-Oz Gold Bars

August 8, 2025

US Slaps Tariffs on 1-Kg, 100-Oz Gold Bars The United States has imposed tariffs on imports of...

CDD-Ghana Mourns Victims of Military Helicopter Crash, Calls for Thorough Investigation

August 8, 2025

Tribute from CUTS International: “These Men Are Worth Our Tears”

August 8, 2025

World Bank Joins African Development Bank and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy Alliance

August 8, 2025

OpenAI Launches GPT-5, Expands ChatGPT Power to 700m Users

August 8, 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.