By Alfred K Dogbey
Former board member of Accra Hearts of Oak and acting Director General of the Social Security and National Insurance Trust (SSNIT), Mr. Ernest Thompson, has been confirmed as the substantive Director General of SSNIT.
Mr. Thompson, whose new position took effect since “May 15, 2014”, was made by the Minister of Finance, Mr. Seth E. Terkper.
This confirmation, was contained in a press statement dated June 6, signed and issued by the Corporate Affairs Manager of SSNIT, Ms. Evangeline Amegashie and copied to The Herald.
The statement titled, “Ernest Thompson Confirmed Director General of SSNIT”, categorically said “ Mr Ernest Thompson has been confirmed as the substantive Director General of the Social Security & National Insurance Trust (SSNIT) with retrospective effect from 15~ May, 2014”.
Until his confirmation, Mr. Thompson who is the elder brother of the former Managing Director of Intercity STC Coaches Limited, has been acting as the Director General of SSNIT since May 15, 2013.
According to the statement, “Mr Ernest Thompson joined the Trust in 1982 as a Legal Advisor. He acted as the Solicitor Secretary for a period and led the Legal Teams in the conversion of the Social Security Provident Fund into a Pension Scheme in 1991 (PNDCL 247) and the new Pension Scheme (Act 766)”.
The SSNIT boss, the statement said, “rose to become the General Manager, General Counsel between 2006 and 2010 where he had oversight responsibility of the Legal, Corporate Law and the Insurance Departments of SSNIT”.
It added that, “In 2010, Mr. Thompson was seconded as the Managing Director of the Golden Beach Hotels – a SSNIT investee hotel chain”.
Meanwhile, The Herald’s check has revealed that, Mr. Thompson has had a distinctive career in Corporate and Finance Law, Human Resource
Management, International Finance Law, Merger and Acquisition Agreements Transactions and Chain Management Strategies.
Mr. Thompson holds an LLB (Hons) and a Barrister-at- Law Degree from the University of Ghana. He also holds a Masters Degree in Business Administration (MBA) from the University of Wales, Cardiff Business School in the U.K.
In addition, he has a Certificate in Finance and Investment Law from the North Western University of Chicago in the USA.
Experientially, he has been with the Social Security and National Insurance Trust (SSNIT) since 1982, when he entered as a Legal Advisor. He also acted as the Solicitor Secretary for SSNIT, wherein he handled additional general legal matters and legal aspects of SSNIT investments, the’ breadbasket of a Pension Scheme.
He was instrumental in the conversion of the Social Security Provident Fund into a Pension Scheme in 1991, and led the SSNIT legal team that worked on the new Pension Law (Act 766).
By dint of his exceptional performance, he rose to become the General Manager, General Counsel, SSNIT, from 2006 to 2010 — whereby he had oversight jurisdiction of the Legal, Corporate Law and the Insurance Departments of SSNIT.