Ghana Life to support housing sector

THE Ghana Life Insurance Company Limited has decided to roll out substantial investment in real estate to provide decent and affordable accommodation to low, middle and high income earners.
The Chairman of the company, Ing. Cyril U. O. Ajagu, made this known when he led a delegation of the company to pay a courtesy call on Mr Ibrahim Awal, the Managing Director of the Graphic Communications Group Limited, in Accra yesterday.
He said the investment in real estate development represented the company’s contribution towards sustaining the Ghanaian economy.
Ing. Ajagu, who is also the President of Conau Holding Plc, Nigeria, is in the country to inaugurate the multipurpose headquarters building of the company in Accra.
He said the housing sector formed an essential part of every economy and every effort must be put in place to address the challenges in the sector by providing houses to solve the acute accommodation problem facing the country.
Ing. Ajagu said the introduction of mortgage housing system in the country by Ghana Life Insurance was to enable as many workers as possible to own houses thereby making life a little better for them.
He commended the Daily Graphic for its consistent growth over the years and indicated the company’s willingness to partner with the GCGL for their mutual benefit.
Accordingly, he agreed to a suggestion by Mr Awal for the two organisations to embark on an effective educational programme to educate Ghanaians on the benefit of insurance.
Mr Awal had early on bemoaned the absence of sustained educational programmes by the insurance companies in the country, adding that it was for this reason why many didn’t buy insurance products.
“Ghanaians must be made to understand insurance and its importance to them in order for them to appreciate it,” he said.
Mr Awal said the Daily Graphic would support this initiative by making columns available in all eight of its publications to provide education on insurance to the public.
The Ghana Life Insurance team included Mr Ivan Avereyireh, Managing Director of Ghana Life Insurance Company; Dr Ausbeth Ajagu, a director; Mr Eric Adane, a consultant; Mrs Gloria Mbanefo, Solicitor Secretary of Universal Insurance Plc of Nigeria; and Mr Alphonse Okpor, Managing Director of African Alliance of Nigeria.