Ghana Insurance Claims Services Seeks Compensation Limit Review

The Insurance Claims Services Ghana (ICSG) has initiated a formal call for the National Insurance Commission to revise compensation limits under the CAP 2021 guidelines, citing inadequacy relative to current medical expenses, inflationary pressures, and the true financial needs of accident victims and their families.

This development reflects growing tension between fixed insurance frameworks and real-world operational costs in Ghana's transport and logistics sector.

For supply chain professionals managing last-mile delivery and fleet operations in Ghana, this signals potential increases in insurance premiums and compliance costs, requiring budget adjustments and risk reassessment across transportation-dependent supply chains.