Board of Directors

About GLICO General

Kwame Achampong-Kyei

Board Chairman

Mr. Kwame Achampong-Kyei is highly regarded as one of the most successful and astute entrepreneurs in Ghana. He is a Fellow of the Chartered Insurance Institute of Ghana (CIIG) and a Member of the Chartered Insurance Institute (CII), UK.

He is the Founder and Executive Chairman of GLICO Group., which is made up of GLICO Life Insurance Company, GLICO General Insurance Company, GLICO Healthcare, GLICO Pensions, GLICO Capital, GLICO Properties among others.

Mr. Kwame Achampong-Kyei worked with the reputable American Life in the United Kingdom for many years before returning to Ghana to pursue his dream of establishing a life insurance company with a vision of bringing life insurance to the doorstep of every Ghanaian household.

After founding Gemini Life Insurance Company (now GLICO LIFE), Mr. Kwame Achampong-Kyei exhibited remarkable business acumen to grow and develop GLICO to become a dominant brand of choice in Ghana. Apart from GLICO Group Ltd and its subsidiary companies, he also owns and has major stake in a number of other companies, which provide employment for hundreds of Ghanaians.

At the industry level, he was a Founding Member of the Ghana Insurers Association (GIA) and served as the General Secretary of the GIA for more twelve consecutive years. He was instrumental in initiating and assisting in the establishment of a number of industry code of practice. He was one of the major brains behind the establishment of an oil and gas consortium (now known as GOGIP) following the discovery of oil and gas in commercial quantities in Ghana.

Mr. Kwame Achampong-Kyei serves on several Boards and his remarkable achievements have been recognized both locally and internationally with a number of awards including the prestigious Marketing Man of the Year conferred on him by the Chartered Institute of Marketing, Ghana (CIMG) in 2008, Order of the Volta, (one of the highest national awards, conferred on him by President John Agyekum Kufuor in 2008), Honorary Doctorate Degree awarded by the Commonwealth University in 2015, the 2019 Entrepreneur of the Year among many others.

Mr. Kwame Achampong-Kyei continues to pursue his entrepreneurial passion with verve and also inspire young people to exploit their God-given talents and realize their dreams.

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Danquah Addo-Yobo

Board Member

Mr. Danquah Addo-Yobo is a Chartered Accountant with both national and international corporate experience. He has extensive knowledge in the financial sector and customer service.

He has worked with Yara Ghana Limited (Yara), the world’s largest supplier of mineral fertilizer, for the past 6 years in varying roles. He served as the Chief Finance Officer from 2014 to 2016 and Managing Director from 2017 to 2019. He is presently the West African Regional Director of the company.

Prior to joining Yara, Mr. Addo Yobo held senior management roles both locally and internationally. Locally, he has worked with Vodafone Ghana, Maersk Ghana Limited and internationally with Safmarine (Pty) Limited (South Africa), PT. Maersk Indonesia and Pt. MM Logistics Indonesia.

Mr. Addo-Yobo holds an MBA from the London School of Business and Finance, MISE from Maersk International Shipping Academy and a Finance Magnet from APM Terminals (the Hague).

He also holds a BSc qualification in Business Administration (Accounting Major) from the University of Ghana, Legon.

Mr. Danquah Addo-Yobo is a Fellow of the Association of Chartered Certified Accountants (ACCA), UK.

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Seth Kofi Nyamadi

Board Member

Mr. Seth Nyamadi has many years of experience and expertise in finance, accounting, insurance and reinsurance.

He was the Deputy Managing Director in charge of Finance and Administration at Ghana Reinsurance Company Limited (Ghana Re) having previously served as Chief Finance Officer of Ghana Re for over ten years.

He is a Chartered Accountant and a longstanding member of the Institute of Chartered Accountants, Ghana. He also holds an Executive MBA from the University of Ghana Business School and has over thirty years’ work experience in accounting and finance.

Mr. Nyamadi prior to joining Ghana Re, worked with Tettey Ussher & Partners and Deloitte & Touche. He also served on the Boards of Donewell Insurance Company and CDH Financial Holdings Limited as well as the NIC Finance Committee for many years.

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Alex Quaynor

Board Member

Alex Quaynor is a legal practitioner of repute. He is the Head/Managing Partner of Akufo-Addo Prempeh & Co; a highly reputable law firm based in Accra, Ghana. He graduated from the University of Ghana in 1986 with a Bachelor of Law (LL.B Hons) Degree and was called to the Ghana Bar in 1988.

He has been in active private legal practice since 1989 and his work has mainly been in the areas of Commercial Law, Corporate Law, Investment Law, Land Law and General Litigation.

Mr. Alex Quaynor was a Director of the Students Loan Trust Fund and also a Director of the Serious Fraud Office. He was a former Secretary of the Greater Accra Regional Bar and a member of the National Council of the Bar (Ghana).

He is the Chairman of the Greater Accra Regional Lands Commission and also currently serves as a Director of Ernslex Ventures Limited and Ningo Salt Limited

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Edward Forkuo Kyei

Board Member

Mr. Forkuo Kyei is the Group Chief Executive officer GLICO Group Ltd and a chartered Insurer with over thirty years’ experience. Prior to his appointment as the Group CEO, he was the Managing Director of GLICO Life Insurance Company, the life insurance subsidiary of the Group for approximately ten years.

Having joined GLICO in 1992, he has played a pivotal role in the growth and success of the organization. He was instrumental in the establishment of most of the subsidiary companies under the Group and plays a key role in the growth of these companies.

Apart from being a Chartered Insurer and an Associate Member of the Chartered Insurance Institute (ACII) he also holds MSc in Insurance & Risk Management from Cass Business School City University (UK) and MBA in Finance & Advance Strategic Management from the Cardiff Business School, Cardiff University (UK). Mr. Forkuo Kyei is a product of Kwame Nkrumah University of Science and Technology (KNUST) where he graduated with a BSc Development Planning degree.

Mr. Kyei is a practicing Christian. He serves on several company boards as well as boards of institutions and organizations including Liberty Centre Assemblies of God Church and the Assemblies of God University College.

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Maame Dufie Achampong-Kyei Obeng (Mrs.)

Board Member

Maame Dufie Achampong-Kyei Obeng (Mrs) is the Managing Director of GLICO Life. Prior to her appointment as Managing Director, she was Executive Director/Chief Technical Operations Officer of the Company. Before joining GLICO LIFE, she was the Assistant General Manager in Charge of Risk Operations for GLICO General and later the Group Head, Enterprise Risk for GLICO Group.

She is a Chartered Insurer and an Associate member of the Chartered Insurance Institute (UK). She has worked in different capacities at GLICO including being a Marketing Executive, Underwriting Officer, Claims Officer and a Management trainee.

Mrs. Obeng holds a Bachelor of Science degree in Business Management with Economics and Marketing from Aston University (UK) and a Master of Science degree in Insurance and Risk Management from Cass Business School (UK). She is currently a Doctorate of Business Administration candidate with the Swiss Management Centre (SMC University, Zurich).

Maame Dufie is also presently a board member of GLICO Healthcare.

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Andrew Achampong-Kyei ESQ

Andrew Achampong-Kyei

Managing Director

Andrew Achampong-Kyei is a chartered insurer and a lawyer called to both the UK and Ghana bar.

He joined GLICO Group Ltd in 2010 as the Company Secretary, Head of Legal and Special Risks. He led GLICO Group’s legal and special risks outfit with demonstrated commitment; ensuring the application of prudent risk exposure management interventions.

He has gained in-depth understanding of risk assessment and underwriting of major and complex risks and energy insurance through executive management training program in one of the world’s leading broking firms, Filhet Allard Maritime, France, as well as an attachment at Marsh Limited (UK) – a global leader in insurance broking and risk management.

He has substantially enhanced his leadership, managerial and technical capabilities through his participation in executive training programs in critical disciplines such as: Governance and Risk Management in September 2016 (Ghana); Risk Management in July 2017 (Ghana); Terrorism and Sabotage, Political and Cyber Crime Risk Insurance in September 2017 in Nigeria, and other functional training programs.

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Vida Kyei

Company Secretary

Vida Kyei holds a Bachelor of Laws Degree (LL.B Hons) from the University of Ghana and a Bachelor of Arts in Integrated Development Studies (BA IDS) from the University for Development Studies, Tamale.

She was called to the Ghana Bar in 2014 having successfully obtained a Barrister at law certificate from the Ghana School of Law.

Her areas of specialty include commercial law, corporate law, investment law, land law and general litigation.

Prior to her joining GLICO, Vida Kyei worked with Ghana’s Attorney General’s Department, Center for Development Partnership and Beyond Aid.

Vida Kyei is also the Company Secretary for GLICO Life Insurance Company Limited, GLICO Healthcare Limited, GLICO Pensions and GLICO Capital.
She is a member of the Ghana Bar Association.

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