Financial Services


Ghana’s financial services sector can be classified into three main categories i.e., banking, insurance and capital markets. The sector has shown significant development over the past decade and the Jospong Groups is a major player in this industry. With its strong influence in the Banking and Insurance industries, reaching our customers satisfaction is always our goal.



Millennium Insurance Company Limited (MIC)


Millennium Insurance Company Limited (MIC) is a private limited liability Company licensed as an insurer by the National Insurance Commission to underwrite non-life insurance business in accordance with the Insurance Law 2006, Act 724.

 Millennium Insurance is a subsidiary of the Jospong Group of Companies and for our clients and stakeholders, this offers a formidable assurance of excellent service and leadership and Millennium Insurance is set to assume leadership in the insurance industry. Millennium Insurance provides unparalleled quality service to clients through the introduction of relevant insurance products that reflect a sound understanding of changing lifestyles and client needs.

The products offered by the company are broadly categorized into the following:

.    Motor Insurance
.    Personal Insurances
.    Liability Insurance
.    Property & Assets Insurance
.    Project & Engineering Insurance
.    Travel Insurance
.    Marine and Aviation Insurance
.    Workmen’s Compensation Insurance
.    Surety Bonds


To enhance the Company’s capacity and financial security to underwrite any risk, Millennium Insurance has in place adequate reinsurance treaty programme with both local and foreign reinsurers.

     .    Ghana Reinsurance Company Limited (Accra, Ghana)
     .    Mainstream Reinsurance Company Limited (Accra, Ghana)
     .    Africa Reinsurance Corporation (Lagos, Nigeria)
     .    WAICA Reinsurance Corporation Plc. (Freetown, Sierra Leone)

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Union Savings and Loans


Union is one of the oldest savings and loans companies in Ghana .It was registered in 1989 under the Company’s code of 1963 (Act 179).


In 2006 and 2009, 90% and the remaining 10% of the company was acquired by the Jospong Group of Companies respectively. Following the acquisition, the company’s paid capital has increased steadily above the regulatory requirement of GHS 7 million, making it one of the most solvent Savings and Loans Companies in Ghana.


Union operates as a “tier 2” bank. This means that the company offers all banking services including deposits and account management, Transaction banking (including e-banking), lending, and advisory banking services.


Contact us : 0501282575 and 0501255397


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