The German Development Cooperation (GIZ) has supported the Insurance Awareness Coordinators Group (IACG) Secretariat with crucial office infrastructure, valued at GH¢130,000.
For the past eight years, GIZ Ghana has been the host for the IACG. The recent handover, held at the newly established offices of the IACG in Accra, signifies a substantial leap forward in augmenting the operational capabilities of the IACG Secretariat, heralding a stride toward a sustainable future.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, on behalf of the German Federal Ministry for Economic Cooperation, spearheaded this initiative.
The event underscored a fortified partnership and a shared dedication to fostering insurance awareness and education in Ghana.
It signals the transformation of IACG into an entity characterised by a functional secretariat supported by diverse funding sources. The sustained operation of IACG is poised to bolster insurance growth while enlightening the populace and businesses on the advantages of insurance.
A pivotal moment during the ceremony was the symbolic signing of the certificate of donation and the exchange of a laptop between Dr. Christian Jahn of GIZ and Wilson Tei from the IACG.
Dr. Jahn said: “This collaboration transcends mere provision of tools; it lays the groundwork for IACG to evolve into an autonomous organisation, fostering a more knowledgeable and insured Ghana”.
Echoing Dr. Jahn’s sentiment, Mr. Tei underscored the projected impact. “With these resources, we can enhance our endeavours to educate Ghanaians about insurance, a vital component for financial security and resilience”. Recent statistics underline the urgency of such initiatives, revealing that only a fraction of Ghana’s populace currently holds insurance, despite the vast and largely untapped potential market for insurance services.
This initiative stands as a testament to the transformative power of strategic partnerships aligned with national development objectives, with the overarching aim of significantly bridging the insurance gap in the country.
The post German Development Cooperation boosts insurance awareness appeared first on The Business & Financial Times.
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