The Ghana guide in full
Who regulates insurance in Ghana
| National Insurance Commission (NIC) | National Health Insurance Authority (NHIA) | |
|---|---|---|
| Law | Insurance Act, 2021 (Act 1061) | National Health Insurance Act, 2012 (Act 852) |
| Licenses | Life and non-life insurers, reinsurers, brokers, agents, technical service providers | Private health insurance schemes, health insurance brokers |
| Runs | Motor Compensation Fund, Client Rescue Fund and other statutory funds | The National Health Insurance Scheme (NHIS) |
| Read more | The NIC | NHIA |
Sources: Insurance Act, 2021, Act 852, NHIA, private health insurance.
The Ghanaian insurance market in figures
| Indicator | Figure |
|---|---|
| Non-life insurance revenue, 2024 | GH¢5.0 billion (+28%) |
| Life insurance revenue, 2024 | GH¢2.33 billion (+36%) |
| Benefits paid by life insurers, 2024 | GH¢1.05 billion |
| Insurance penetration | Under 2% |
| Complaints to the NIC, 2024 | 626, 84% resolution rate |
| Active NHIS members, end 2024 | 18.47 million, 56.3% of the population |
| Private health insurance members, end 2024 | 464,849 in 16 schemes |
From the NIC Annual Report 2024 and the NHIA 2024 Annual Report. Amounts in Ghana cedis.
Where to start
| You want to… | Read |
|---|---|
| Join or renew NHIS | NHIS registration and card · NHIS renewal by *929# · NHIA |
| Add private health cover | Private health insurance schemes |
| Insure a car or check one | Motor insurance · Third-party vs comprehensive · Check a car's insurance |
| Protect a family | Life insurance · Funeral cover |
| Run a business or employ staff | Business insurance · Workmen's compensation · Home and commercial buildings |
| Travel abroad | Travel insurance and the Schengen visa |
| Check an insurer or complain | Licensed insurers · Check an insurer, agent or broker · Complaints by insurer · Complain to the NIC |
Frequently asked questions
Who regulates insurance in Ghana?
The National Insurance Commission (NIC), under the Insurance Act, 2021 (Act 1061). Private health insurance schemes are licensed by the National Health Insurance Authority (NHIA) under Act 852.
How many insurance companies are in Ghana?
The NIC register retrieved on 31 October 2026 lists 14 life insurers, 25 non-life insurers and 3 reinsurers. See the full list.
Is car insurance compulsory in Ghana?
Yes. Every vehicle used on a public road must have at least third-party motor insurance (NIC). See motor insurance.
How do I renew NHIS by phone?
Dial *929#, choose option 2, select NHIS Card, enter your 8-digit membership number and follow the payment instructions. See NHIS renewal.
Where do I complain about an insurer in Ghana?
To the insurer in writing first, then to the NIC on niccomplaintshub.com (+233 302 238300, info@nic.gov.gh). See how to complain.
Sources
- Insurance Act, 2021 (Act 1061) — National Insurance Commission copy (Gazette notification 5 January 2021)
- NIC — Insurers (life and non-life): register of licensed entities, retrieved 31 October 2026
- NIC — Annual Report on the Insurance Industry 2024 (complaints, claims and market figures for 2024)
- National Health Insurance Act, 2012 (Act 852) — NHIA copy (Web Archive copy of 25 May 2025)
- NHIA — 2024 Annual Report (Web Archive copy of 28 October 2026)
- NHIA — Private health insurance schemes and health insurance brokers in Ghana (Web Archive copy of 6 October 2026)
- NHIA — Mobile renewal: steps for *929# (Web Archive copy of 14 April 2025)
- NIC — Frequently asked questions (motor insurance, licensing, complaints)
- NIC — File a complaint