In a bold and controversial move, the Insurance Executives Association of Ghana (IEAG) has demanded the suspension of the country’s local cargo insurance policy, sending shockwaves through the logistics and insurance sectors. The call has sparked urgent debates about the safety, efficiency, and financial implications of the policy on traders and businesses.
According to IEAG, the current local cargo insurance framework is flawed and potentially hazardous, putting companies, investors, and the national economy at risk. The association warned that unless corrective measures are taken immediately, the policy could lead to massive losses and operational chaos for stakeholders in the import-export industry.
The demand has ignited intense discussion across business circles, with some backing IEAG’s stance while others question the motives and timing of the call. Experts suggest that the issue could have far-reaching consequences for Ghana’s trade, raising questions about accountability, regulation, and industry preparedness.
With pressure mounting on authorities to respond, all eyes are now on policymakers, as businesses await a decisive action that could reshape the local cargo insurance landscape.
