Dear Valued Customer,

Effective 1st July 2025, all non-life insurance services offered by Enterprise Insurance Ltd—excluding motor insurance and bonds—will be subject to a Value Added Tax (VAT) rate of 15% and total levies of 6%, in accordance with the Value Added Tax (Amendment) Act, 2023 (Act 1107). This applies to both new and existing policies.

VAT Breakdown:

The applicable levies and tax rates are as follows:

•      National Health Insurance Levy (NHIL) – 2.5%
•      Ghana Education Trust Fund Levy (GETFund Levy) – 2.5%
•      COVID-19 Health Recovery Levy (CHRL) – 1%
•      Value Added Tax (VAT) – 15% (applied after the above levies)

Example of Premium Computation with VAT

For a premium of GHS 100:

1.    Add levies before VAT:

o     NHIL (2.5%): GHS 2.50

o     GETFund (2.5%): GHS 2.50

o     CHRL (1%): GHS 1.00

Subtotal: GHS 106.00

2.    Apply VAT (15%) on GHS 106 = GHS 15.90

Total Tax = GHS 6 (levies) + GHS 15.90 (VAT) = GHS 21.90

Therefore, Effective Tax Rate = 21.9%

Enterprise Insurance remains committed to transparency and to empowering our customers with the information they need to make confident and informed insurance decisions.

For further inquiries, please contact the Enterprise Insurance customer service team on 0302634777 or email us on customerservice.insurance@myenterprisegroup.io

Accra, Ghana - November 28, 2024—Enterprise Group, Ghana’s premier provider of insurance, life, and financial services, proudly announces the commissioning of the Butterfly Center, a pioneering facility dedicated to providing affordable options for early intervention services, respite, and support for children with developmental delays, disabilities, and other long-term ailments.

 

Located in Ridge, Accra, the Butterfly Center marks a major step forward in addressing mental health challenges among children, particularly autism, and reinforces Enterprise Group’s commitment to the welfare and health of children.

The Butterfly Center’s official opening, which took place on 28th November 2024, brought together distinguished guests, including the Group Board Chairman of Enterprise Group, the Group CEO, and leadership from Enterprise subsidiaries including Enterprise Insurance, Enterprise Life (Nigeria and Gambia), Enterprise Trustees, Enterprise Properties, Transitions, and Acacia Health Insurance. The Butterfly Center stands as part of Enterprise Group’s Corporate Social Investment (CSI) initiatives during the centenary year of its oldest subsidiary, Enterprise Insurance, commemorating 100 years of providing an Advantage to Ghanaians.

“We are honored to be here today as we launch the Butterfly Center, a project born from our passion to give back to our communities and provide critical care  for children with neurodiverse conditions such as autism and other disorders . ” said Group CEO, Mr. Dan Larbi-Tieku “This center is a testament of our commitment to creating meaningful impact beyond our core business, embracing our role in building a healthier society for future generations.”

As a specialized facility, the Butterfly Center will offer a safe, supportive, and therapeutic environment designed to foster development, and wellness for children to grow and thrive despite their challenges. This venture aligns with Enterprise Group’s dedication to addressing vital societal needs, supporting the UN Sustainable Development Goals, and enhancing community health.

The Center will be managed by Databank Foundation, Multikids Foundation, the Autism Center and other allied organizations.

This initiative strengthens Enterprise Group’s legacy as an agent of positive change in Ghana in its 100th year.

 The Butterfly Center not only provides essential services but also raises awareness of mental health issues affecting children and their families.