Ghana Life Insurance Company secures US$2.25m capital injection to improve financial position

GHANA – Ghana Life Insurance Company Limited has secured a US$2.25 million capital injection from its shareholders to improve its financial position. The capital injection to the company brings the minimum capital of the company to GHC27.9 million (US$4.84m), well above the current regulatory requirement of GHC15 million (US$2.60m). Dr Chief Cyril Ajagu, Core Investor of African Alliance PLC (the parent company of Ghana Life Insurance) and the Board Chairman of Ghana Life Insurance, said that the fresh capital injected into Ghana Life will help it to settle all outstanding…

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