Back to Latest Briefings
May 6, 2026
AI-Enhanced
Old Mutual Ghana unveils Legacy Transition Plan with a funeral cover of up to GH¢300,000
Money
Opportunity
Growth
Key Points
- Old Mutual Ghana has launched the Legacy Transition Plan, a new insurance product designed for comprehensive family financial protection and legacy planning.
- The plan offers inflation-proof benefits with a 10% annual escalation up to GH¢500,000, starting from GH¢20,000 to GH¢300,000 at inception.
- It provides extensive family coverage, allowing an unlimited number of extended relatives to be enrolled without a medical examination.
- Unique features include a 10% cash-back on premiums every five years, a 10-month reinstatement window, and a provision for allocating 5% of the sum assured for funeral logistics.
- The product aims to address the financial burden and cultural realities of funerals in Ghana, ensuring dignity and long-term financial security for families.
Why This Matters
This product is highly significant for Ghana as it directly addresses the substantial financial and cultural importance of funerals within Ghanaian society. By offering inflation-proof, extended family coverage and specific provisions for funeral logistics, it provides a much-needed structured solution for financial planning and protection that aligns with local realities. This initiative by Old Mutual Ghana helps enhance financial literacy and resilience among Ghanaian households, mitigating the economic impact of bereavement.
Read Full Article
View original sourceRelated Articles
August 24, 2026
GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
August 24, 2026
GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
- The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
- The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.