A legal dispute has erupted between former SIC Insurance Managing Director, Hollistar Duah-Yentumi, and the company after she challenged her removal despite being replaced by President John Mahama’s appointee, James Agyenim-Boateng.
Court documents filed as part of her lawsuit, which seeks to overturn her dismissal, have revealed the extensive salary and benefits package she enjoyed while serving as SIC’s top executive.
According to the filings, Duah-Yentumi received a gross monthly salary of GH₵70,000, amounting to GH₵840,000 annually. In addition, she was entitled to a GH₵84,000 yearly clothing allowance, a GH₵7,000 monthly entertainment allowance, and a GH₵850 monthly canteen allowance.
Her compensation also included a GH₵1,200 professional allowance, as well as financial support for personal staff—GH₵3,000 for a house help, GH₵3,000 for personal security, and GH₵2,000 for a gardener.
Beyond her salary and allowances, she enjoyed several executive privileges, including:
- A $3,000 annual familiarization tour
- A $810 per diem for official trips
- Full payment of all utility bills, property rates, and taxes for her official residence
- A Toyota Land Cruiser V8, which she could purchase at the end of her term
- A mobile phone with rechargeable units
- 450 litres of fuel per month
Her contract also included an annual 15% salary increment review, ensuring her benefits increased each year.
Despite President Mahama appointing Agyenim-Boateng as her replacement on January 27, Duah-Yentumi insists that her four-year contract, set to expire on January 1, 2028, remains valid. She argues that any changes to her tenure must be approved by the Board of Directors or resolved by shareholders at an Annual General Meeting.
