Dr Kingsley Agyemang, Member of Parliament for Akim Abuakwa South, has urged the National Insurance Commission (NIC) to reconsider its decision to increase motor insurance premiums by 10%.
Speaking amidst mounting public criticism, Dr Agyemang described the policy as "ill-timed" and warned of its potential to exacerbate the economic hardships faced by many Ghanaians. "This policy comes at a time when incomes are stagnant, and the cost of living is rising.
It is insensitive to the struggles of ordinary Ghanaians," he said.
The premium hike, set to take effect on 1 February 2025, has sparked widespread discontent among commercial drivers, transport unions, and consumer advocacy groups.
