SIC Life pays dividend to govt
SIC Life has presented a cheque for GH¢3,715,455 to the government as dividend for the year 2015.
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This represents a GH¢1 million increase in the GH¢2 million that was presented in 2014.
Presenting the cheque at the Ministry of Finance in Accra, the Board Chairman of SICLife, Professor Joshua Yindenaba Abor, said the presentation was in fulfilment of the state agency’s obligation to pay dividends for development projects.
According to him, the company did everything it could to increase the payment, and added that it would work harder to increase it by next year.
Prof. Abor was accompanied by the Chief Executive Officer (CEO) of SIC Life, Mr Aaron Issa Anafure; the Chief Operating Officer (COO), Mrs Vera Kate Haizel-Cobbina; the Chief Financial Officer, Mr Ralph Agbeko, and the Head of Marketing, Mr Albert Bahun-Wilson.
Long-term bond
A Deputy Minister of Finance, Mrs Mona Quartey, received the cheque on behalf of the ministry.
She commended the company for its prompt payment of dividends to the state, adding that it showed its leadership in the insurance sector.
Mrs Quartey further expressed the government’s appreciation for the various investments and support SIC Life was offering on the market to keep it strong.
She, however, called on the management to participate in the Government of Ghana domestic bonds as well as the Eurobond.
“You must take part in the Government of Ghana domestic bonds as well as the Eurobond to be able to raise long-term capital to enhance your operations,” Mrs Quartey said.
That, she said, would enable it raise a lot of money to also support the government in development projects.