Accra, Ghana – In a move poised to offer enhanced security and peace of mind, Old Mutual Ghana has forged a strategic alliance with the GUBA Diaspora Network. The partnership aims to provide customized travel and personal accident insurance solutions to members of the diaspora community, specifically those of African heritage engaging with Ghana. With Ghana increasingly becoming a hub for business, investment, and cultural exchange, this initiative arrives at a crucial time, offering financial safeguards for those traversing continents to connect with their roots.

The collaboration between Old Mutual Ghana and the GUBA Diaspora Network addresses a vital need for diasporans. The tailored insurance products offer protection against unforeseen circumstances, providing a safety net for individuals and families as they engage in various activities in Ghana. This partnership reinforces the commitment of both organizations to support the diaspora, facilitate economic growth, and promote cultural exchange.

“Our collaboration with the GUBA Diaspora Network demonstrates our commitment to delivering inclusive financial solutions that meet the evolving needs of diasporan communities,” says Roy Punungwe, Group CEO of Old Mutual Ghana. This statement underscores the core mission of the partnership: to provide relevant and accessible insurance options that empower the diaspora to pursue opportunities in Ghana with confidence.

Addressing the Needs of a Mobile Community

For diasporans, the partnership unlocks access to comprehensive insurance coverage, safeguarding against medical emergencies, accidental injuries, and permanent disabilities. This coverage extends whether they are traveling within Ghana or internationally, addressing the concerns of those who frequently navigate between Ghana and other global destinations. The insurance solutions are designed to be flexible and responsive, catering to the diverse needs of a community that is both globally connected and deeply rooted in Ghanaian heritage.

“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 and peace of mind,” explains David Ayisi, Tours Manager at GUBA Tours. This sentiment highlights the practical benefits of the partnership, offering diasporans a sense of security as they pursue their ventures in Ghana.

Ghana’s growing appeal as a destination for diasporans is undeniable. The nation’s political stability, vibrant culture, and burgeoning investment landscape make it an attractive place for those seeking to reconnect with their heritage or explore new opportunities. Government initiatives have further fueled diaspora engagement, resulting in increased visits and remittances. Annually, Ghana welcomes more than one million visitors, with remittances contributing over US$4.5 billion to the economy.

Looking ahead, the partnership between Old Mutual and GUBA paves the way for future collaborations. These could include additional financial products and services tailored to the unique needs of the diaspora community, further strengthening the ties between Ghana and its global diaspora. The possibilities are vast, ranging from investment opportunities to educational programs, all designed to empower and support the diaspora’s engagement with Ghana.

Old Mutual Ghana stands as a leading financial institution committed to providing innovative life insurance and pension solutions. Since its establishment in Ghana in 2013, the company has combined local market knowledge with international expertise to deliver a broad portfolio of financial solutions. These include savings plans, group life benefits, funeral plans, travel insurance, and pension schemes, all designed to meet the diverse needs of its clients.

The GUBA Diaspora Network plays a crucial role in supporting diasporans and individuals of African heritage who seek to connect, do business, or invest in Ghana. Through strategic partnerships and community engagement, the network provides resources and platforms that facilitate economic and professional growth. By fostering connections and providing valuable resources, GUBA empowers diasporans to thrive in Ghana’s dynamic environment.

The alliance between Old Mutual Ghana and the GUBA Diaspora Network marks a significant advancement in providing tailored financial protection for diasporans engaging with Ghana. This collaboration not only addresses a crucial need by offering comprehensive insurance solutions but also reinforces the growing trend of diaspora engagement in Ghana’s economy and culture. Both organizations are committed to fostering economic empowerment and ensuring peace of mind for the diaspora community as they navigate their ventures in Ghana.