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DjQwequ Blog of Tuesday, 22 July 2025
Source: Emmanuel Jacob Amissah
The National Insurance Commission (NIC) and the Youth Employment Agency (YEA) have signed a Memorandum of Understanding (MoU) aimed at training and employing 500 Ghanaian youth within the insurance sector. This collaborative effort seeks to address the twin challenges of youth unemployment and low insurance penetration across the country.
The signing ceremony took place at the YEA Head Office in Accra, marking a significant step towards creating jobs and improving insurance services. Hon. Malik Basintale, Acting Chief Executive Officer of the YEA, highlighted the lack of access to insurance services, especially in remote communities, and noted that many Ghanaians remain underserved due to a shortage of qualified insurance professionals.
To solve this challenge and create jobs, the NIC will take the lead in training these young individuals through the Ghana Insurance College. The goal is to make insurance accessible to every working individual regardless of location.
Dr. Abiba Zakariah, Acting Commissioner of Insurance, expressed her appreciation to the YEA for the collaboration and assured that the NIC is ready to offer full support towards the successful implementation of the initiative.
This partnership is timely and crucial, as it seeks to not only address the growing unemployment rate but also build a new generation of trained insurance professionals capable of bridging service gaps in the sector. Once trained, the beneficiaries are expected to be deployed across various regions to promote insurance awareness and services.
The MoU forms part of a broader national agenda to provide sustainable employment and improve financial inclusion across Ghana.
