Executives

Kwame Achampong-Kyei   Executive 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.

Edward Forkuo Kyei   Group Chief Executive Officer

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



Victor Owusu Boakye   Executive Director-Chief Finance Officer

Victor has a wealth of experience in Accountancy, Auditing, IT Auditing, Taxation, IT Systems implementation and Support, Business Process Re-engineering spanning over twenty five years in very responsible positions.

He has under his belt immense experience garnered from working at Deloitte & Touche (D&T). He started his career at Deloitte as an IT Consultant in 1991 and was involved in software development, IT systems support and implementation.

Victor resigned from D&T and took up appointment with Tara Systems as Systems Analyst from May 1994 to April 1995.

From May 1995 to September 1998 he was the IT Manager at Glico Life Insurance Company Ltd (GLICO LIFE) where he managed the company’s IT Systems as well as in-house software development. He left for the UK in 1998 to pursue accountancy (ACCA) and MBA. While in the UK, he worked with Kojo & Co, a registered auditing firm as a Trainee Accountant for two years.

He returned to Ghana in 2003 to work with D&T as a Senior Auditor. As a Senior Auditor at Deloitte, he was responsible for the statutory audits and IT audit for medium and large sized organizations. In 2005, Victor joined the erstwhile Trust Bank as an Audit Officer. Within the span of two years, he rose to become the Chief Auditor of the bank.

In 2009, Victor re-joined GLICO LIFE as a General Manager in charge of Finance and Administration.

After ten years of dedicated service as the General Manager/CFO of GLICO LIFE, he was elevated to the position of Group CFO and Executive Director of GLICO Group Ltd.

Stephen Badu   Board Secretary

Mr. Stephen Badu has over sixteen years experience in insurance and occupational pension schemes management. Before being elevated to his present position, he was the Chief Business Development Officer (Group Business) of GLICO Life Insurance Company (GLICO Life).

Having joined GLICO as a Management Trainee, he has, over the years, played major roles in the growth of the company. He was appointed the Underwriting Supervisor a couple of years after joining GLICO Life. The satisfactory performance of his duties as the Underwriting Supervisor resulted in the Company reposing more confidence in him and subsequently tasking him to manage the Group Business portfolio in addition to other supervisory roles.

He was recently elevated to the position of Executive Director (Business Development) at GLICO Group to bring his vast experience to bear on the growth of the various subsidiary companies of the Group.

Mr. Stephen Badu, who is also a lawyer by profession, holds a Bsc (Land Economy) from KNUST and MBA from GIMPA. He also possesses a Diploma and Advance Diploma certificates in Insurance. He also obtained his LL.B (First Class Hons.) from GIMPA and BL/QLC from the Ghana School of Law. He is a member of the Ghana Bar Association, International Bar Association and the Chartered Insurance Institute (UK).

Mr. Stephen Badu has also participated in major courses and seminars both locally and internationally to add on to his wealth of knowledge.