Ghana Re Pays Gh¢9m As Dividend To Govt

As at the end of 2019, Mr. Otoo said, total investment portfolio across the company represented 64 percent of total assets of GH¢585.33 million as against 70.2 percent in the year 2018.
The Ghana Reinsurance Company Limited (Ghana Re) has paid GH¢9 million to the government as a dividend for the 2019 financial year.

This is in spite of a decline in the company’s profit from GH¢38.63 million in 2018 to GH¢30.16 million last year, as a result of higher than expected claim payments that affected its profitability.
The Board Chairman of the company, Mr. George Otoo, presented the cheque to the shareholder’s representative, Mr. Andrews Kwesi Frimpong, who is also a General Manager of the State Interests and Governance Authority (SIGA) at the annual general meeting (AGM) of Ghana Re on July 3 in Accra.

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