Processes leading to the compulsory acquisition of the Sudan Road property in Accra by the government for the construction of the head office of the Bank of Ghana are at their advanced stages.
Dr. Jimmy Ben Heymann, the Board Chairman of the SIC Insurance Plc, made this known when releasing the SIC’s Annual Report and Financial Statements for the year ended 2020, indicating that the Board’s plans to render detailed accounts to shareholders when the processes are complete and ready for construction.
According to him, the company is keen on risk across all levels of its day-to-day operations, hence the frantic efforts towards risk management.
"The Board through its Risk Committee has a program in place that anticipates risks and responds proactively. Every one of our employees is regarded as a risk manager and we all take individual and collective ownership of the Company’s risk management responsibilities," Dr. Jimmy said.
He explained that this approach has "steered the company away from the legacy challenge of credit guarantees that it experienced in the past and hence there is a general zero-tolerance for infractions of laws and regulations."
He also assured shareholders of a dividend payment of GHS0.0153 per share, totaling GHS3, 000,000.00 for the year ended December 31st, 2020.
Source: Abdul Razak Mohammed (Real Estate Times Africa)
