Old Mutual and GUBA strike partnership to provide unique insurance for diasporans
This partnership is designed to enhance financial protection for individuals of African heritage—particularly those engaging with Ghana for business, investment, or cultural purposes
Old Mutual Ghana, a leading provider of insurance and financial services, has entered a strategic partnership with the Grow, Unite, Build Africa (GUBA) Diaspora Network to deliver bespoke travel and personal accident insurance solutions tailored specifically for members of the diaspora community.
This partnership is designed to enhance financial protection for individuals of African heritage—particularly those engaging with Ghana for business, investment, or cultural purposes. Through this initiative, GUBA members will gain access to comprehensive coverage that includes protection against medical emergencies, accidental injury, and permanent disability, whether travelling within Ghana or internationally.
Roy Punungwe, Group CEO of Old Mutual Ghana, commented: “Our collaboration with the GUBA Diaspora Network demonstrates our commitment to delivering inclusive financial solutions that meet the evolving needs of diasporan communities. We recognise the growing impact of the diaspora on Ghana’s development and are proud to support their efforts with insurance products that provide confidence and security.”
The initiative forms part of Old Mutual’s broader strategy to expand insurance accessibility and foster economic empowerment among underserved and high-impact demographic groups.
David Ayisi, Tours Manager at GUBA Tours, emphasized: “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.”
Ghana has emerged as a key destination for diasporans due to its political stability, vibrant culture, and increasing investment opportunities. Government-led initiatives have further boosted diaspora engagement, with more than one million visitors arriving annually and remittances contributing over US$4.5 billion to the economy.
Both Old Mutual and GUBA highlighted that this partnership also opens the door to future collaborations aimed at providing additional financial products and services tailored to the unique needs of the diaspora community.
About Old Mutual Ghana
Old Mutual Ghana is one of the country’s leading financial institutions, offering innovative life insurance and pension solutions. With roots in South Africa, Old Mutual has a long-standing commitment to securing financial futures and delivering world-class financial services across the African continent.
Established in Ghana in 2013, the company leverages deep local market knowledge and international expertise. Old Mutual Ghana comprises Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust, providing a broad portfolio of financial solutions, including savings plans, group life benefits, funeral plans, travel insurance, and pension schemes.
About GUBA Diaspora Network
The GUBA Diaspora Network is an association that supports diasporans and individuals of African heritage seeking to connect, do business, or invest in Ghana. Through partnerships and community engagement, the network provides resources and platforms that facilitate economic and professional growth.
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