Metropolitan Ghana acquired in strategic deal with emPLE

…Customers assured of seamless service, enhanced digital tools

Metropolitan Ghana has officially joined emPLE Group, following acquisition of its three subsidiaries by the insurance arm of EverCorp Industries Limited.

The transaction, concluded on 10 September 2025, covers Metropolitan Life Insurance Ghana Ltd., Metropolitan Health Insurance Ghana Ltd. and Metropolitan Pensions Trust Ghana Ltd. Collectively, the businesses provide life and health insurance, pensions and long-term savings solutions.

According to the company, this acquisition will drive growth while safeguarding existing services.

“Joining the emPLE family allows us to scale faster while preserving the local expertise and relationships our customers trust. Our operations remain unchanged and customers will benefit from an improved experience including enhanced digital tools and a wider range of cover options,” said Dr. Rafique Daudi, Managing Director of Metropolitan Ghana.

The company confirmed that employees will be retained and customers will continue accessing services through existing Metropolitan Ghana channels.

The deal forms part of emPLE’s strategy to expand across Africa. A joint statement read: “Metropolitan Ghana’s strong performance across life and health insurance, together with its robust pensions and savings business, provides a solid foundation for future growth. With insurance penetration in Ghana still below one percent, the market offers significant potential; particularly in the largely untapped informal sector, where rising digitisation and mobile money adoption are expected to accelerate financial inclusion”.

Tsola Barrow, Chief Strategy Officer of EverCorp Industries, described the acquisition as a “pivotal milestone” in advancing financial protection. “We are excited to welcome Metropolitan Ghana to the emPLE family, combining our innovation-driven approach with their deep local expertise to deliver inclusive and transparent insurance,” he said.

Momentum Group, the South African parent company that previously owned Metropolitan Ghana, confirmed the sale as part of a broader portfolio realignment.

“Our exit from Ghana forms part of a longer-term review of our Africa portfolio and geographic footprint. The group will now refocus on the Southern African region, India and Europe,” explained Kudakwashe Mudzengi, Chief Executive Officer of Momentum Africa.

The integration process will be managed jointly by both companies, with a focus on maintaining service standards and rolling out new digital tools. Customers will be kept informed throughout this transition, the statement added.

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