New SIC Life Insurance board inaugurated

The Deputy Minister for Finance, Thomas Ampem Nyarko, has inaugurated a nine-member Board of Directors of SIC Life Insurance Company Limited in Accra, with a call on them to help reposition the company as a competitive state-owned enterprise.

He reaffirmed the government’s commitment to strengthening state-owned enterprises, stressing that public and government business, where practicable, will be directed to these institutions. According to him, the directive forms part of a broader national strategy to enable state-owned companies to regain their competitiveness and play a central role in economic development.

Mr Nyarko urged the new board to view their appointments as a call to national duty, noting that SIC Life is currently facing challenges that demand strong leadership, innovation, and efficiency.

On his part, the newly sworn-in Board Chairman, Hon. Peter Lanchene Toobu, MP, pledged that the board will operate as a united team in alignment with the government’s reset agenda. He assured that within a year, the company will show visible signs of revival.

The new SIC Life Insurance Company Board comprises:

Mr Peter Lanchene Toobu, MP – Chairperson

Mr. Solomon Twum Barima – Managing Director

Nana Kwasi Ofori Ababio – Member

Mr Bismark Tetteh Nyarko, MP – Member

Ms. Della Adjoa Sowah – Member

Mr. Jude Agbemava – Member

Mr. Yao Edinam Cofie – Member

Mr Nelson Kofi Djabab, MP – Member

Dr. Jonathan Asante Otchere, Ph.D – Member