Welcome to Provident Insurance

Mr. Michael Justice Ashong was appointed a Member of the Board of Directors of Provident Insurance Limited Company in 2017 and as Chief Executive Officer (CEO) of the Company in August 2022.

He commenced his investment-banking career in 1986 at Merchant Bank Ghana Ltd. (now UMB Bank) and later founded Finance Options Limited where he provided various financial and investment consultancy services to various local and international institutions. As Project Manager at Sigma One Corporation in 2004, Mr. Ashong was directly in charge of the USAID funded Technical Assistance Project that reviewed all the Rules, Regulations and Laws that governed the securities industry which birthed the Securities Industry Law in Ghana.

He joined Ecobank Ghana Ltd. in 1990 and later Ecobank Transnational Incorporated (the Holding Company of the Ecobank Group), in Lome, Togo where he was directly responsible for the feasibility study, the establishment and the management of Ecobank Development Corporation (EDC); the investment-banking subsidiary of the Ecobank Group with branches and offices in several African countries. As Managing Director of the EDC Group, Mr. Ashong also oversaw the investment banking businesses of the Ecobank Group in West and Central Africa in his additional role as the Group Head of Investment Banking. He was actively involved in growing Ecobank’s businesses across Africa, having been directly involved in the organic growth of the Group. He later co-founded EM Capital Partners Ltd. (EM), an investment banking firm in 2010 and EMSTRUCTURES Ltd. a financial and non-securities investment advisory company in 2017. He has decades of experience in Investment Banking either leading or a key member of various teams that have executed some of the most prestigious investment banking transactions across Africa worth in excess of US$10 billion.

Mr. Ashong holds an EMBA and a BSc. (Banking and Finance) from University of Ghana Business School (UGBS), professional certificates in International Capital Markets, International Corporate Finance and Brokerage and Securities Operations from The New York Institute of Finance and the Ghana Stock Exchange. He is a member of the International Association of Consultants, Valuators and Analysts (IACVA), a former Executive Secretary of the African Capital Markets Forum, a former President of the Ghana Stockbrokers Association and was a two-term member of the Governing Council of the Ghana Stock Exchange where he actively contributed to the formulation of the various trading and settlements rules to regulate trading on the then nascent stock market in Ghana. He is currently a member of the Governing Council of the Institute of Directors, Ghana and also serves on the Board of Moods Limited (a hotel and hospitality business holding company).

Kenneth Doh is a Chartered Accountant holding memberships with the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants, Ghana (ICAG). Before joining Provident Insurance as the Chief Finance Officer, Ken worked with Standard Chartered Bank, Ernst & Young (EY), where he was an Audit Manager, Ghana Investment Promotion Centre (GIPC), where he was Deputy Director of Finance, and more recently with Saham Insurance where he was the Chief Finance Officer. In addition to being a Chartered Accountant, Ken holds an MBA in Entrepreneurship from Aspen University (USA), an MSc in Accounting with Finance from the London South Bank University (UK) and an AEC in Project Management.

Mr. Kofi Ntim Danso is the Chief Operating Officer of Provident Insurance Limited Company. He is a Chartered Insurer and an Associate of the Chartered Insurance Institute (ACII, U.K) in 2009 and a Fellow of the Chartered Insurance Institute of Ghana (FCIIG). He is a product of the University of Ghana Business School (UGBS). He holds a Bachelor of Science in Administration (BSc Admin Insurance Option) degree from the University of Ghana, Legon and a Master of Philosophy in Business Consulting and Enterprise Risk Management (MPhil) at the Kwame Nkrumah University Of Science and Technology (KNUST). His insurance career started with Star Assurance Company Limited in 2004 where he served in different positions and Workgroups. He joined Provident Insurance in 2016 from Saham Insurance Ghana where he served as Underwriting and Reinsurance Manager. Although, he joined the company as the Underwriting Manager, he has also distinguished himself as an astute technical person. By dint of hardwork, he has risen through the ranks to become the Chief Operating Officer in 2020. He continues to play a key role of directing and leading the Technical Operations Team to achieve technical efficiency and production targets leading to underwriting profits, utmost client portfolio management and promoting harmonious working relationship among the Company’s Departments and Branch Offices. He stands tall among his peers as a results-driven insurance professional with 20 years of experience in the insurance industry of Ghana. He is known to deliver exceptional results through strategy. He is also a dynamic professional with strong technical competence in Underwriting, Risk Management, Claims Management and Reinsurance. Skilled in strategic planning, team leadership, and implementing innovative solutions to complex business challenges. He also leads and facilitates internal staff training on key technical knowledge transfer.

Mr. Boamah is a Chartered Member of the Institute of Chartered Accountants Ghana (ICAG), and currently a student member of the Chartered Institute of Taxation. Fred joined the Insurance industry in 1999 and had since been with the industry. Starting from Ghana Union Assurance Company Limited, as an Underwriter and later Reinsurance Officer, he rose through the ranks to become a Branch Manager of two of the Company's branches for about 5 years. He also pioneered the Internal Audit Department of the Company. He later joined Donewell Insurance Company Limited, Audit and Assurance Department in January, 2008 and before leaving to join Provident Insurance Company Limited in December, 2015 as Internal Auditor, He was the Acting Head of Audit and Assurance of Donewell Insurance Company Limited. Fred is a well resourceful and experienced Internal Auditor having gone through immense training over the years.

Ama Sarpong Asante has more than 15 years of experience and a proven track record in delivering a diverse range of human resources functions that support Management and Staff in achieving the Company's goals. Ama has also been involved with the set up of Companies like Sage Properties Limited (a real estate and properties management company), Scanfarm Ghana Limited and Afram Plantation Limited (both large scale mechanized farms) implementing best Business practices and recruiting Human Resource Support. In the Public Sector she worked with Ghana Irrigation Development Authority (GIDA) of the Ministry of Food and Agriculture from 2013 prior to joining Provident Insurance. Ama Sarpong Asante holds an EMBA in Human Resource Management from the University Of Ghana Business School and BA Honours in Administration (Psychology and Management). She is also a Member of Institute of Human Resource Management Practitioners (Ghana)

Florence is an enthusiastic and result oriented insurance professional dedicated to distinct and sterling performance in all her tasks. Her career and practice in the insurance industry began in 2011 and has seen her traverse various facets of the business from a Marketing officer, to a Branch Manager, Deputy Claims Manager, Claims Manager and until recently her appointment as the Head of Underwriting. She is an Associate of the Chartered Insurance Institute, UK (ACII-UK) and the Chartered Insurance Institute of Ghana (ACIIG). She holds an Executive Masters in Business Administration (EMBA- Marketing option) from the University of Ghana as well as a Diploma and Advance Diploma in Insurance Studies from the Malta International Training Institute (MITC). She is also a proud alumnus of the Valley View University where she completed with a Bachelor of Business Administration with Accounting option. Florence has also participated in several national and international conferences and seminars relating to claims management and ECOWAS claims settlement procedures, underwriting, marketing and customer relationship management. She is also a proud member of the “Insurance Pays” Campaign, an initiative of the Insurance Awareness Coordinators Group (IACG).

Mr. Hiagbe brings to the table a combination of experience and knowledge: he holds a degree in Business Administration ( Banking & Finance Option) from the University of Ghana, Legon and an Executive Master’s degree in Business Administration also from the University of Ghana Business School. He also holds a Post Graduate Diploma in Management Information Systems from GIMPA. He is an Associate Member of the Institute for the Management of Information Systems (IMIS) UK and also holds a Certificate in Insurance for IT professionals from the Chartered Institute of Insurance. (BCS / CII) Mr. Hiagbe has over 20 years of experience in industry having worked with Donewell Insurance as the Head of MIS and has also consulted for several firms and Insurance Brokers; he holds a rich mix of experience in Finance and Project Management and is also an established Information Technology Expert. He has also led in the Implementation of many Insurance software(s) which has made him versatile in insurance underwriting.

Eric holds MBA General Management from the Blekinge Institute of Technology, Sweden, Advanced Diploma in Insurance from Malta International Training Centre, Malta, BA (Hons) Psychology from the University of Ghana and HND Statistics from the Accra Polytechnic. He worked with Wapic Insurance Ghana Limited as the Head of Underwriting before joining Provident Insurance Company Limited in 2016. He has attended several trainings and seminars organized by both local and international organisations including Continental RE, Ghana RE, Aveni RE, and Mainstream Re in areas of Engineering Insurance, Liability Insurance and Reinsurance. He has had an extensive training in Strategic Management.

Mrs. Ellen Amihere is in charge of the Claims and Reinsurance Department of Provident Insurance. She is responsible for the proper and efficient management of pooled funds for the payment of submitted claims, as well as the accurate and quick estimation of all admissible claims. She is also in charge of arranging the necessary reinsurance programs needed for the operations of the Company. Ellen has over seventeen (17) years’ experience in the Insurance Industry. Prior to joining Provident, she worked with Saham Insurance Company, Ghana in the Technical Operations Department. She also has rich experience in Reinsurance practice both with local and global players having worked with Donewell Insurance Company and OLEA M & G Insurance Brokers as Head of Reinsurance and Technical Head of Global Programs respectively. Mrs. Amihere is a Chartered Insurer and an Associate of Chartered Insurance Institute (CII), UK and also a Fellow of the Chartered Insurance Institute, Ghana (FCIIG). She holds an Executive Masters in Business Administration (EMBA) in Marketing from the University of Ghana Business School and BA (Business Management) from the University of Cape Coast, Ghana.

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Henry Adjei Boadi is highly motivated, versatile and dynamic practitioner with strong knowledge, competencies and understanding traversing, the Financial Services Industry and company related issues, all acquired through his thirty years (30) of continuous training, learning and build up experiences. Henry is a goal oriented professional, with excellent analytical, unconventional and creative thinking skills with proving abilities, and strong knowledge in the following Functional Areas: Strategic Management, Project Management, Risk Management, Supply Chain and Logistics Management, Organisational and Change Management, Human Resource Management; Negotiations and Capacity Building, Customer Service, Business Advisory Services (Finance, Compliance etc.), Research, Taxation, Accounting, Auditing, Operations & Performance Management, Change Process & its Management, Markets & Marketing, Economics, Financial Management & Analysis. Henry Adjei Boadi possesses the following qualifications and also belong to the listed professional bodies: Double Executive Master of Business Administration in: (Finance and Human Resources Management) and a Fellow of Chartered Institute of Human Resource and Management Practitioners, Member of Risk and Insurance Management Society, Certified Member of Data Protection Supervisors of Ghana, Associate Member of AMLRO in Ghana and in a final level of Association of Certified Chartered Accountants (ACCA). Henry is currently pursuing legal studies from the University of Ghana School of Law (UGSoL)

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He holds a B.A. (Hons) Law & Classics from the University of Ghana and a Barrister-at-Law (B.L.) & Solicitor of the Superior Court of Judicature, Ghana School of Law. Mr. Wilson also doubles up as Legal Consultant to the Board, He was previously the secretary to the Board of Director

Mr. Samuel Acquah is a Non – Executive member of the Board of Directors Provident. He is a seasoned Professional having started as a Market Analyst and a Geologist and a Product Marketing Manager with various company in the UK. Mr. Samuel Acquah is an astute Banker and an expert in Risk Management having worked with Barclays Plc, London, Standard Chartered Bank, Singapore, and also appointed as Director for Risk modelling in Standard Chartered Bank, Dubai. He has also had a stint with Ecobank Transnational Incorporated (ETI), Lome (2009) as Group Head, with responsibility for strengthening the Risk Management Function and was a member of the excellent Project team that oversaw their entire Transformation and optimization process as well as a member of the Flexcube standardization project across the ETI affiliates. Mr. Acquah is currently the Chief Risk Officer at GCB Bank and he holds a BSc. Geology from the University of Ghana and an MSc. In Geoscience from Kingston University, London. He has also undertaken several professional development courses in finance, Risk Management, Risk analytics and Base II/III with reputed institutions. Mr. Acquah is also a Board member of PBC Limited representing the Social Security and National Insurance trust (SSNIT). He has over 25 years of Professional working experience, and appointed to this position as a member of the Board of Provident in 2017.

Mr. Mike Eghan is a Non-Executive member of the Board of Directors of Provident. He is a retired broadcaster, having worked with the Ghana Broadcasting Corporation as Assistant Program Organiser of Live Entertainment. He worked with the Volta River Authority as Entertainment Manager. He was also a Freelance Broadcaster/Presenter for the BBC World Service and the host of the Ghanaian popular talk show, ‘Mike Eghan Show’. He was awarded a Grand Medal Civil Division for his meritorious service in the media.

Mr. Wilson Q. Tei is a Non-Executive member of the Board of Directors of Provident. He is a Professional Insurance Underwriter with over thirty eight (38) years in life assurance practice, twenty six (26) of this in managerial capacity. He holds a Post Graduate Certificate in Insurance Management (M.I.T.C, Malta 2005) and Contractual Savings Certificate in supervisory and regulatory issues in private pensions and life assurance (World Bank, Washington D.C. 2003). He also holds an Executive Development Certificate from the Graduate School of Business Administration, University of Witwatersrand, Johannesburg, South Africa. He holds a certificate in Risk Management from School of Administration, Legon, Basic and Advanced Securities from the Ghana Stock Exchange, and Life underwriting and Reinsurance Administration from Swiss Re in 1980. Mr. Wilson Q. Tei is a Certified Member of the Institute of Directors, UK and also a Member of the Chartered Insurance Institute, UK.