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The Ghana Insurers Association (GIA) has clarified that recent government directives concerning insurance placements for state-owned enterprises were not intended to enforce “blind loyalty” to state insurers, but rather to encourage strategic business decisions within the public sector. In a statement issued by its Board, the Association said engagements with the State Interests and Governance Authority (SIGA) had helped resolve widespread concerns that the directives were creating an exclusive arrangement in favour of SIC Insurance PLC and SIC Life Insurance Ltd.
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