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New SIC Board pledges to restore market dominance and financial strength

Sheila Satori Mensa by Sheila Satori Mensa
July 1, 2025
in Business, Business, News
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SIC Insurance PLC has inaugurated a new 11-member Board of Directors as part of efforts to reposition the company and reclaim its leadership role in Ghana’s insurance industry.

The swearing-in ceremony took place on Monday, June 30, 2025, at the company’s Head Office, Nyemetei House in Accra.

The newly constituted board is chaired by Bernard Ahiafor, Member of Parliament for Akatsi South and First Deputy Speaker of Parliament.

The official oath was administered by Her Ladyship Justice Afi Agbanu Kudonor of the High Court.

The board is comprised of professionals with diverse backgrounds in insurance, finance, corporate governance, and public service.

In addition to Mr. Ahiafor, other members include Dr. Abena Nyarkoa Asomaning, Mr. Daniel Amasah Kotey, Major (rtd) Ben Donkor, Hon. David Theophilus Dominic Vondee (MP for Twifo-Atii Morkwaa), and Hon. Emmanuel Kofi Ntekuni (MP for Pru West), among others.

Chairman Ahiafor, speaking on behalf of the board, described their appointment as a call to action to steer the company towards growth and innovation.

He underscored their mission to boost profitability and market competitiveness and reaffirmed their commitment to upholding corporate accountability and stakeholder trust.

He acknowledged the confidence reposed in the new leadership by President John Dramani Mahama and assured all stakeholders of their readiness to deliver on expectations.

The ceremony also marked a significant transition in the company’s executive leadership, with the board confirming Mr. James Agyenim-Boateng as the substantive Managing Director of SIC Insurance PLC. He had previously served in an acting capacity.

Mr. Agyenim-Boateng welcomed the new board and described the moment as pivotal in the company’s bid to reclaim its dominant position in the insurance market.

He noted that the renewed leadership comes with the strategic insight and stability required to usher SIC Insurance PLC into its next phase of development.

He added that the company remains committed to deepening customer trust, driving innovation in insurance solutions, and aligning operations with evolving market demands.

Tags: Accra High CourtBernard AhiaforDr. Abena Nyarkoa AsomaningHer Ladyship Justice Afi Agbanu KudonorHon. David Theophilus Dominic Vondee (MP for Twifo-Atii Morkwaa)Hon. Emmanuel Kofi Ntekuni (MP for Pru West)Major (rtd) Ben DonkorMr. Daniel Amasah KoteyMr. James Agyenim-BoatengPresident John Dramani MahamaSIC Insurance PLC




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