The African countries of Morocco and Ghana are set to establish closer ties on insurance and reinsurance, as the paid signed a raft of agreements designed to make cooperation easier between governments and the private sector.
Insurance and reinsurance feature as part of the agreements signed, of which there were 25 in total covering a range of trade and finance related sectors and issues.
The agreements are designed to consolidate partnerships already in place, or lay the foundations for new ones, in areas such as finance, taxation, agriculture, banking, renewable energy, insurance and reinsurance.
As well as agreements designed to increase cooperation and trade, the countries also signed a memorandum of understanding which will lead to talks on issues such as investments and avoiding double taxation between the two countries.
The agreements on insurance and reinsurance will make cross-border transactions more simple and encourage cooperation between the two countries re/insurance markets. with Morocco’s sector growing and cited as one of the fastest growing in Africa, the Ghana market will be able to benefit from its expertise and capacity through this cooperation.
