NIC has a strong and capable management that provides oversight for the Commission. The Management Team has been effective and has contributed to establishing fairly good corporate governance. They include:
Mr. Justice Yaw Ofori – Commissioner of Insurance
Mr. Ofori holds an International Executive MBA and a B.A. Honours from the University of Ghana (Political Science Major)
He is a Fellow of the Insurance Institute of Ghana and the Chartered Insurance Professional Insurance Institute of Canada.
Prior to his appointment, he was the Director of the Ghana Insurance College.
Mr. Ofori has a wide range of experience in both teaching and practicing since qualifying as a chartered insurer.
Mr. Michael Andoh– Deputy Commissioner of Insurance
Mr. Andoh holds a Bachelor of Science degree in Administration from the University of Ghana Business School, and an MBA from the University of Leicester in the UK.
He is also a Fellow of the Association of Certified Chartered Accountants in the UK, a member of the Ghana Institute of Taxation and an Associate of the Toronto Centre. He has worked with the NIC since 2000. Prior to joining the NIC, he worked with KPMG for three years
The deputy assist the Commissioner in the day-to-day administration of the Commission.
Naa Shormeh Gyang (Mrs.) – Head, Legal & Corporate Affairs
Mrs. Gyang is responsible for ensuring that the NIC and the Insurance Industry operate essentially within the Insurance regulatory framework.
Dr. Mahama Wayo – Director of Finance
Dr. Mahama Wayo joined the Commission on 15th March, 2018 as the Head of Finance. He is responsible for the accounting and finance functions of the Commission. Before joining the Commission, he had worked as the Director of Finance of Tamale Technical University.
Dr. Mahama Wayo holds a Doctorate of Finance from the Swiss Management Centre University, and is a member of the Institute of Chartered Accountants, Ghana. He also holds an MBA in Accounting from the University of Ghana and, a Bachelor of Commerce (B.Com) and a Diploma in Education from the University of Cape Coast. Dr. Mahama Wayo has the skills of detecting fraud and manipulation in financial statements.
Mr. Seth Eshun – Head of Supervision
Mr. Seth Eshun is a Fellow of the Institute of Actuaries and holds a Masters in Actuarial Science from Cass Business School, City University, UK. He also holds a Bachelor in Civil Engineering from the University of Science and Technology, Ghana.
Mr. Eshun is an adjunct lecturer at University of Ghana, Statistics Department. He currently serves as a member responsible for research papers at the Institute of Actuaries.
Some papers (co-)authored by him include Modeling of Extreme Market Events, 2008 and Modeling of Difficult Risks, 2014.
His previous places of work include the Bank of England, UK, Aviva UK, Financial Services Authority, UK and Ernst & Young LLP, UK.
Mr. Moses Ackah-Jayne – Head, HR & Administration
Mr. Moses Ackah-Jayne joined the Commission as the Finance Manager in 2007 and has since served in various capacities at the Commission including Head of Finance, Head of Finance and Administration and is currently the Head of Human Resource & Administration
He has had diverse experiences in the private and banking sectors as well as with some international NGOs prior to Joining the NIC. He is a financial analyst and holds a Bachelor of Science in Administration Degree (Accounting option) with first class honours from the University of Ghana, Legon. He is a member of the Chartered Institute of Bankers, ACCA and the Institute of Human Resource Management Practitioners. He holds a certificate in Strategic Financial Analysis from Harvard University.
Mr. Martin Abayateye – Internal Auditor
Mr. Martin Abayateye is the Internal Auditor. He has been in the Commission since January 2006.
Prior to his appointment with the Commission, he worked with La Palm Royal Beach Hotel, Novotel Hotel and Deloitte. Mr. Martin Abayateye is a member of the ICAG, IIA and has an eMBA degree in Project Management from PGSM.
Mrs. Esther Armah – Head, Reinsurance & AML
Mrs. Esther Armah holds a Bachelor of Arts degree in Economics & Sociology and a Diploma in Education from the University of Cape Coast, and an MBA from GIMPA.
She is also an Associate of the Chartered Insurance Institute (ACII), U.K. and has worked with the NIC for over two decades in regulatory reporting, prudential supervision and the implementation of supervisory policies and procedures.
She heads the Reinsurance and Anti-Money Laundering Department which ensures that regulated entities have adequate procedures and programs in place to prevent them from being used for Money-Laundering and the Financing of Terrorism among others.