Lawsuit reveals Ex-SIC MD’s GH₵70k monthly salary and lavish perks


 

A legal battle has erupted between the outgoing SIC Insurance Managing Director, Hollistar Duah-Yentumi and the company after she allegedly refused to handover the role, despite being replaced by President John Mahama’s appointee, James Agyenim-Boateng.

Her lawsuit, filed on February 4, not only challenges her removal but has also shed light on her staggering earnings and perks as SIC’s top executive.

Court documents reveal that Madam Duah-Yentumi earned a gross monthly salary of GH₵70,000, bringing her annual basic earnings to GH₵840,000.

Read also: Ex-SIC MD challenges dismissal in court; rejects Agyenim-Boateng as successor

Beyond her salary, she enjoyed a clothing allowance of GH₵84,000 per year, an entertainment allowance of GH₵7,000 per month, and a canteen allowance of GH₵850 monthly.

She also received a professional allowance of GH₵1,200 and payments for personal staff, including GH₵3,000 each for a house help and personal security, as well as GH₵2,000 for a gardener.

Her benefits extended further, covering a $3,000 annual familiarization tour, $810 per diem for official trips, full payment of all utility bills, property rates, and taxes for her official residence.

Additionally, she was entitled to a Toyota Land Cruiser V8, which would be sold to her at the end of her term, a mobile phone with rechargeable units, and 450 liters of fuel per month.

Under her contract, these earnings and benefits were subject to an annual 15 per cent increment review.

Despite President Mahama appointing Mr Agyenim-Boateng as her replacement on January 27, Madam Duah-Yentumi insists 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.



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