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Motor insurance premiums are expected to be increased by more than 30% from January 2024. The increase is due to a 21% increase in Value Added Tax (VAT) that will be imposed on non-life products from January 2024.

Imperial General Assurance, a leading insurance provider, has outdoored an industry-first Collision Insurance policy to meet the growing motor insurance needs of drivers and transport operators..

The finance minister has justified the government’s decision to remove VAT on motor vehicle insurance, arguing that it would have placed an unfair burden on ordinary Ghanaians.

There are various Motor Vehicles insurances for all categories of vehicles - Cars, Trucks, Tankers, Pick Ups and Forklifts..