World
The Challenges of Mandatory Insurance in Ghana
By Roger A. Agana
In Ghana, vehicle insurance is a legal requirement to protect road users.
However, the reality of making an insurance claim reveals a system fraught with obstacles, leaving many Ghanaians in dire need of more financial support, a burden that is often too heavy to bear.
The process begins with obtaining a police report, a critical document to initiate any insurance claim.
This report, however, comes at a cost—often an unofficial payment to the police.
These payments, though pervasive, are not officially sanctioned, adding an unfair and unjust financial burden on accident victims, a stark reminder of the system’s inherent unfairness.
Even with collecting premiums from vehicle owners year after year, insurance companies, expected to provide financial support in times of need, are notoriously tricky when paying out claims.
Claimants must provide extensive documentation and often need legal representation to prove their case.
The costs associated with pursuing a claim can be prohibitive, particularly for those who have significant financial resources.
For many, the process is so cumbersome and expensive that they give up, rendering their insurance worthless. This not only undermines the purpose of the insurance but also leaves many Ghanaians in a vulnerable position.
This system disproportionately favours those with financial means who can afford to navigate the complexities of the claim process.
For the average Ghanaian, the mandatory insurance policy feels less like protection and more like a form of legalised extortion, where they are forced to pay for a service that is not readily available when needed.
Critics argue that the system is designed to extract money from citizens without offering them the security that insurance is supposed to provide.
Civil society organisations and public figures have increasingly spoken out against the mandatory insurance policy.
Dr Badu Kweku, Executive Director of the Ghana Institute of Policy and Strategy Analysis, stated, “The current insurance system in Ghana is failing the people it is supposed to protect.
It is time for the government to reconsider the mandatory nature of vehicle insurance and explore alternatives that genuinely serve the public interest.”
The involvement of the police adds another layer of complexity and frustration.
The Ghana Police Service, responsible for enforcing the law, is quick to arrest or fine individuals for not renewing their insurance policies.
Yet, when assisting those same individuals in making a claim, the police often demand unofficial payments.
This dynamic has led to calls for an overhaul of the system, with suggestions ranging from stricter regulation of insurance companies to the complete reevaluation of the mandatory nature of vehicle insurance.
Legal analysts argue that the police should not be involved in insurance matters beyond ensuring essential compliance, as their involvement often incentivises corruption.
Whether insurance should remain mandatory is a topic of growing debate. While the original intent was to protect all road users, implementing this policy has raised concerns about its fairness.
Some experts advocate for reforms to make the process more transparent and accessible. In contrast, others suggest that insurance should be optional, allowing individuals to decide whether to invest in coverage.
Dr Esi Yankah, a prominent economist, questions the efficacy of the current system, stating, “If citizens are forced to pay for a service they cannot access without additional financial strain, then the system is not working.
It may be time to consider making insurance optional, with a focus on consumer education and empowerment.”
The mandatory vehicle insurance system in Ghana is in dire need of reform.
The combination of bureaucratic inefficiencies, such as long waiting times for claim processing, excessive documentation requirements, corruption, and financial burdens, has led to widespread dissatisfaction and mistrust.
A more equitable and transparent system is not just a desire but a necessity that genuinely protects and serves the people’s interests.
Only through comprehensive reform, urgently needed, can insurance in Ghana fulfil its intended purpose of providing security and peace of mind.
By Kestér Kenn Klomegâh
For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”
The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.
The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.
Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.
The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.
The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.
The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.
Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.
On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.
One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.
The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.
According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”
By Adedapo Adesanya
The United Kingdom will get its seventh Prime Minister in 10 years as Mr Keir Starmer announced his resignation on Monday.
The Minister said he is stepping down as leader of the governing Labour Party and will leave office within weeks, scarcely two years after being elected in a landslide.
Mr Starmer says he will remain caretaker prime minister until a new Labour leader is chosen by the party.
Mr Starmer made the announcement after facing growing pressure to hand over to a new leader who can try to revive the government’s flagging fortunes.
He led Labour to a landslide election victory in July 2024, but since then, his popularity and that of the party have plummeted.
His departure was triggered by the victory of Mr Andy Burnham in a special election last week. The popular ex-mayor of Greater Manchester planned to challenge the existing PM for the Labour leadership.
Mr Starmer made the announcement outside the prime minister’s 10 Downing St. residence with a brief statement on Monday.
“The question my party is asking now is whether I am best placed to lead us into the next general election,” Mr Starmer said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.
Mr Starmer is the sixth prime minister in a decade to stand outside 10 Downing Street and announce a premature departure.
It comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still affects the country’s economy and politics.
Over the past decade, 10 Downing Street has had six occupants, including Mr David Cameron, who left office in 2016 after the Brexit referendum and was succeeded by Ms Theresa May. She was followed by Mr Boris Johnson, whose tenure covered Brexit and the COVID-19 pandemic. After Mr Johnson came Ms Liz Truss, whose 49-day premiership was the shortest in British history. Mr Rishi Sunak then took office before being succeeded by Mr Starmer, the outgoing occupant of Number 10.
By Aduragbemi Omiyale
A financing facility of up to $60 million has been secured by AXIAN Energy, the energy division of the AXIAN Group.
The funding package was provided by MCB, one of the leading financial institutions in the Indian Ocean region.
It comprises a $40 million revolving credit facility with a three-year tenor and extension option, and $20 million in unfunded instruments, providing AXIAN Energy with enhanced financial flexibility, enabling the company to rapidly mobilise resources and seize development opportunities across its target markets.
The energy firm is expected to use the capital to deliver large-scale energy infrastructure projects across Africa.
Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.
Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.
The chief executive of AXIAN Energy, Mr Benjamin Memmi, said, “This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.”
Also commenting, the Global Head of Structured Finance at MCB, Mr Mathieu Delteil, said, “We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa.
“By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.
“This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.”
The financing agreement between the two organisations strengthens their long-standing relationship because it is driven by a shared commitment to supporting infrastructure development and economic growth across Africa.
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