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Currently, MSWS has a staff strength of 4,350. The MSWS team is composed of a President, an envisaged Membership capacity of 18 million people, and a Board of Directors. Currently, MSWS runs a three-tier Membership registration system at the zonal, district, and regional levels.
MSWS is working for the betterment of the people in different spheres of endeavor. It encourages willing individuals to organize and mobilize themselves into groups, societies and community blocs with shared needs in order to access attractive services, resources and capital with a view to reducing poverty and achieving higher standards of living. MSWS also seeks to play a fundamental role in the capacity building of individuals and communities for poverty reduction and social development in Ghana and beyond.
The organization was launched in April 2013 and is poised to take its position as the largest social intervention-based organization in the country employing an envisaged 5,000 strong "army of helpers" and directly impacting the lives of thousands of the most vulnerable in the Ghanaian society.
The Mass Social Welfare Scheme (MSWS) is a nationwide welfare provider to all classes of people across the social divide in Ghana and across Africa. MSWS is a non-profit organization registered under the Laws of the Republic of Ghana
Day 2 of profiling & placement of staff going on at #MSWS head office. #goodathelp
The Social Welfare "Scheme" provides Top-Up Medical Insurance for Scheme Members who, though are on other existing Health Insurance policies, may have incurred expenses beyond a certain limit they cannot afford.
Basic shelter needs of MSWS Scheme Members are catered for under this service component. Profiled Scheme Members whose welfare preference allows them to access this service enjoy more dignifying lodging at the most comfortable of expense.
Scheme Members are also assisted to acquire decent, secure and more fitting accommodation that restores their self-esteem.
For nearly 30 years, banks of all sizes have utilized Bank Owned Life Insurance (BOLI), as an earning asset for their balance sheets. A properly structured BOLI portfolio can help a bank diversify its current investment portfolio with an asset that will increase earnings, balance liquidity and maintain superior credit quality. A BOLI portfolio will insure executive officers, directors and/or other key employees through a guaranteed issue single premium life insurance policy.
MSWS (Mass Social Welfare Scheme of Ghana) provides attractive high-purchase deals for Scheme Members to the tune of up to 50% discounts on all consumables on offer, through mutually beneficial relationships with strategic partners in industry and other global interests. MSWS has set aside 1bn GHS in conjunction with Scheme Partners to fund this service.
Why most banks have or are now obtaining BOLI assets…
BOLI can provide an efficient asset/liability tool with superior credit quality and attractive investment yields. BOLI provides banks with the following benefits:
Enhance Bank Earnings
No loan loss provisions
Increase Shareholder Value
No mark to market on the asset
Other Non-Interest Income Source
No expenses to underwriting the asset
AA and AAA credit quality from all the major rating agencies
The Mass Social Welfare Scheme collaborates with partners to provide interest-free financial assistance to Scheme Members. An estimated 500m GHS has been earmarked to support this service in year 1 alone.
Additionally, the Scheme envisages that the Training and Capacity Building module of MSWS will equip and strengthen the abilities and competencies of the vulnerable and the unskilled.
The mass social welfare scheme platform provides employment openings for qualified Scheme Members on its platform and currently has more than 2,500 staff across the length and breadth of Ghana.
The mass social welfare scheme has teamed up with enthusiastic partners who provide funding to make long dreamt of educational aspirations possible for Scheme Members.
MSWS also awards needs-based scholarship in the form of financial aid to deserving Scheme Members with support from fund partners.
IOGA has an effective way to manage employee benefit costs
Yes it's approximate 150 - 200 basis point improvement versus other bank investments. IOGA has an effective way to manage employee benefit costs
Nice IOGA report!
Wow!. For nearly 30 years, banks of all sizes have utilized Bank Owned Life Insurance (BOLI), as an earning asset for their balance sheets.
Hey you can Check out the FIT OPEB plans for Corporations and Municipalities and the
BOLI (Bank Owned Life Insurance): A stable, secure earning asset for banks
Check out the FIT OPEB plans for Corporations and Municipalities and the
BOLI (Bank Owned Life Insurance): A stable, secure earning asset for banks
They offer Estate Planning
and Retirement Planning
Yeah. Instead, the cost of permanent life insurance is financed through major lending institutions. Policy cash values provide collateral and are later used, in part, to retire the loan including principal and interest. The policy holder’s assets remain in place and need not be used to pay insurance premiums.
FIT plans provides the means for qualifying individuals to obtain investment grade life insurance that accumulates large volumes of cash value while spending little, if any, out-of-pocket for such insurance.
http://www.ins-cor.com/productsservices
A FIT (Financed Insurance Trust) is for protecting lifestyle, income and assets for loved-ones and for securing one’s future retirement.
for that information I do a search on www.OTCmarkets.com and enter IOGA
Hey - thats really neat. It has all of the information on IOGA
Nice chart - it's been consolidating tight there
For athletes too guys. High Net Worth Individuals, Athletes and Entertainers
FIT plans can be modeled to not only provide significant volumes of life insurance, but also create substantial cash values that can be accessed to provide a tax-free income stream during retirement. In most cases, depending on age and insurability, FIT plans are designed with little or no out-of-pocket expense.
Check this out IOGA Corporations and Municipalities
The funding for retiree health care and Other Post-Employment Benefits (OPEB) plans often strains existing cash flows of most corporations and municipalities. Many such plans, especially among governmental entities, are grossly underfunded.
Yes. Hello, Stockman. INSCOR specializes in providing significant funding solutions utilizing high cash-value life insurance contracts combined with low-cost financing. The insurance and financing are modeled within the framework of a Financed Insurance Trust (FIT) to provide substantial cash flows from life insurance proceeds and cash values at little or no out-of-pocket cost.
IOGA The focus for INSCOR is two-fold:
1) INSCOR develops and maintains relationships with financial professionals including insurance brokers, financial planners, tax attorneys and CPAs to promote continued growth. INSCOR has proprietary tools and strategies in addition to top level contracts with over 35 insurance companies and financial institutions to better assist professionals in growing their business.
Website - http://www.ins-cor.com
On May 17, 2013, Goldman Small Cap Research published an Article on Inscor Inc. - IOGA. For your convenience, a copy of the article can be found below.
Dominique Wilkins former NBA and Hall of Fame Inductee is appointed as Vice Chairman. Wilkins' responsibilities will include acting as spokesman, promoting goodwill and developing INSCOR relations with professional athletes and sport associations.
2.Financed Insurance Trust (FIT) provides substantial cash flows from life insurance proceeds and cash values at little or no out-of-pocket cost.
Company Highlights
1.INSCOR specializes in high cash-value life insurance contracts combined with low-cost financing. NSCOR specializes in educating and marketing the FIT OPEB plan.
$IOGA BOLI can provide an efficient asset/liability tool with superior credit quality and attractive investment yields. #stocks
$IOGA FIT plans provides the means for qualifying individuals to obtain investment grade life insurance #stocks
$IOGA CEO Generating Explosive Revenues With New Contract - Yahoo Finance http://t.co/pFaCfOpZQe #stocks