Posted: Thursday 12th June 2014 at 15:36 pm

SIC Life pays dividend to government

6c12240x mg nsiu4yx432 889268486 205787 SIC Life pays dividend to government


The Board and Management of SIC Life Company Limited has presented a cheque of GH¢2,159.20 to the Ministry of Finance as government’s dividend for the year end 31st December, 2013.

This is in accordance with the current structure, which mandates the company to pay 80 percent dividend to government as the majority shareholder.

Receiving the cheque on behalf of government, the Deputy Minister of Finance, Ato Forson commended the Board and Management of SIC-Life for the feat chalked.

He noted that this was a sign of being in good business as SIC Life has the duty of growing money for their shareholders.

Ato Forson indicated that although government continues to invest in other institutions in equal capacity as SIC Life, SIC Life has ensured the realization of good profit.

‘Even though you don’t have the monopoly over the insurance sector couple with the stiff competition, you have managed to pull through and I commend you for that’ he added.

The Deputy Minister encouraged the Management and Staff of SIC Life to continue with the hard work and urged the Board, not to hesitate to approach the Ministry on any issue.

Board Chairman of SIC Life, Professor Joshua Yindenaba Abor thanked the Deputy Minister for the support and cooperation they have enjoyed.

He said that SIC Life will work assiduously to improve on their performance with the continuing support of the Finance Ministry.

On his part, managing Director of the company, Aaron Issa Anafure also pledged their commitment to honour its obligations to the shareholders at all times.

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