Old Mutual Ghana has partnered with the Grow, Unite, Build Africa (GUBA) Diaspora Network to roll out tailor-made travel and personal accident insurance solutions aimed at boosting financial protection for Africans in the diaspora engaging with Ghana for business, investment, and cultural purposes.
The strategic partnership is positioned as a timely response to the growing engagement between Ghana and its diaspora community, which contributes significantly to the country’s economy through remittances exceeding US$4.5 billion annually and increased investment interest.
Under the new initiative, members of the GUBA network will have access to insurance packages covering medical emergencies, accidental injuries, and permanent disability, both for travel within Ghana and abroad. The move is seen as a step toward addressing a critical gap in financial risk management for diaspora entrepreneurs, investors, and professionals.
Speaking on the collaboration, Roy Punungwe, Group CEO of Old Mutual Ghana, stated, “Our collaboration with the GUBA Diaspora Network demonstrates our commitment to delivering inclusive financial solutions that meet the evolving needs of diasporan communities. We recognize the growing impact of the diaspora on Ghana’s development and are proud to support their efforts with insurance products that provide confidence and security.”
The partnership aligns with Old Mutual’s broader strategy to expand insurance access among underserved yet economically significant demographics. For GUBA Tours, the initiative marks a strategic step in providing safer, more secure options for its members.
“Our members travel frequently between Ghana and other global destinations for personal, professional, and investment purposes. This partnership with Old Mutual ensures they are protected against unforeseen risks, enabling them to operate with greater confidence,” said David Ayisi, Tours Manager at GUBA Tours.
As Ghana solidifies its position as a preferred destination for the diaspora, buoyed by political stability and cultural heritage, both partners hinted at more collaborative financial products on the horizon.
The initiative reinforces the role of insurance in promoting diaspora investment and deepening financial inclusion across the continent
