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Friday, October 2, 2026

Kwame Despite denies buying juicy state properties owned by SIC Insurance

Osei Kwame Despite, arguably one of Ghana’s foremost businessmen, has denied purchasing some prime state properties belonging to the State Insurance Company (SIC), reportedly sold by management under some controversial circumstances.

This denial comes in the wake of SIC management and board, snubbing an injunction secured by a shareholder of SIC Insurance PLC against the election and ratification of Board Chairman, Dr Rauf Audu, and Acting Managing Director, Hollister Duah-Yentumi, at the company’s 2024 Annual General Meeting (AGM), scheduled for yesterday, Tuesday, December 17, 2024.

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