Minister of State in charge of Government Communications Felix Kwakye Ofosu says that President John Dramani Mahama will review and act on a formal petition by policy think tank IMANI Africa over alleged political interference in Ghana’s insurance sector.
Felix Kwakye Ofosu made the assurance on JOYNEWS’ The Pulse, saying appropriate action would follow once the petition reached the President’s desk.
“I must admit that I do not know much about it. But perhaps the review of Franklin’s petition may reveal matters that require urgent attention. And I’m sure that once the petition reaches the desk of the President, he will look at it. Appropriate action will be taken where it is required,” Mr Kwakye Ofosu said.
The minister’s comments come after IMANI founder Franklin Cudjoe presented the petition to President Mahama during a civil society encounter at the Presidency.
In the petition titled Safeguarding Procurement Integrity, Market Confidence, and National Risk Governance in Ghana’s Insurance Sector, Mr Cudjoe raised the alarm over what IMANI describes as a systematic takeover of the sector by “unseen political hands” hiding behind administrative directives to override legitimate contracts.
The concerns were amplified by industry icon Sir Sam Jonah, who described the situation as “deeply troubling and dangerously systemic,” warning that what was once occasional disruption had become more embedded and more dangerous.
IMANI’s petition pointed to shifts in insurance renewal behaviour without evidence of competitive tendering, reduced participation of non-SIC insurers in major state-linked placements, and a growing perception of predetermined procurement outcomes.
GLICO General Insurance is among the market participants that have formally raised concerns about market distortion and regulatory neutrality.
Mr Cudjoe also reminded the President of a similar crisis in 2014, when the Ghana Insurers Association petitioned his first administration over the allocation of state insurance business.
President Mahama intervened at the time, reversing the directive and affirming that placements must be guided by merit and competitive process.
“That the issue has resurfaced during your return to office underscores a deeper structural persistence, but also affirms that you have the credibility, precedent, and institutional memory to correct this drift decisively,” Mr Cudjoe wrote in the petition.
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