It’s disappointing gov’t will appoint an MD for SIC which is listed

Dr Steve Manteaw has expressed his disappointment in the government over an appointment made to the State Insurance Company.

He argues that the company is listed and therefore there should not be any governmental influence in their affairs.

Expressing his disappointment in a post shared via social media, Dr Steve Manteaw said “I hear the presidency has made an appointment to SIC. If this is true, then it’s unfortunate. That company is listed”.

The Government of Ghana under John Dramani Mahama has appointed one James Agyenim Boateng as the Managing Director for the State Insurance Company.

His appointment took effect on January 27, 2025.

James Agyenim Boateng took over from Hollistar Duah-Yentumi, whose tenure has officially ended.

Agyenim-Boateng, a lawyer, communications consultant, and seasoned media professional, brings a wealth of experience in governance and strategic communications.

He previously served as a presidential staffer at the Office of the Vice President from 2013 to 2017, gaining extensive expertise in high-level governmental affairs.

SIC is a listed public limited liability company with over 14,000 shareholders. The Government of Ghana is still the largest single shareholder with 40% shareholding. The Company’s stated capital is about US$18 million (the NIC’s requirement is US$1 million).

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