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Ghana Motor Vehicle Third-Party Premium — What You Need to Know
Check mandatory motor third-party insurance costs in Ghana. Legal requirements, minimum premiums, and what's covered under third-party liability. Use this free calculator to get a quick estimate before contacting insurance providers.
Ghana mandatory third-party motor insurance was raised to GHS 530/year for private saloon cars (taxis GHS 637) in 2025. NHIA (formerly NHIS) is funded through 2.5% VAT levy plus 2.5% of SSNIT contributions. Major insurers: Enterprise Insurance, SIC, Star Assurance, Hollard Ghana. The market is regulated by NIC (National Insurance Commission), with insurance penetration at 1.2% of GDP.
Disclaimer: These are estimates based on market data and published rates. Actual premiums depend on individual circumstances, insurer assessment, and negotiation. Always get formal quotes from licensed providers.