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Board Members

Araba Asumanu (Mrs.)

Managing Director

Araba is a dynamic and results-oriented business leader with over 25 years of progressive experience in the insurance and financial services industry, including more than a decade at the executive management level. She is a strategic thinker and operational leader, recognized for her ability to drive business transformation, shape financial strategy, and strengthen governance and enterprise risk management frameworks.

She began her career in KPMG, an International firm of Chartered Accountants.  In 1999, she joined Enterprise Insurance Company Limited.  She was appointed the first Internal Auditor of Enterprise Insurance in 2008 and became the Group Head, Corporate Audit & Assurance of Enterprise Group in 2011.  Araba was appointed Head of Finance of Enterprise Insurance in 2016, where she was responsible forfinancial strategic planning and execution; a role she held until her appointment as Managing Director of Acacia.

Araba is a Chartered Accountant by profession and anAssociate Member of the Chartered Insurance Institute of Ghana (CIIG). She is also a Chartered Tax Professional and holds and Executive MBA in Finance.

As Managing Director, she brings a forward-looking approach to leadership, anchored in operational excellence, stakeholder-focused governance, and a commitment to long-term value.Her deep expertise spans financial stewardship, corporate governance, internal controls, and operational efficiency. Coupled with a robust understanding of insurance regulations and market dynamics, she is well-positioned to lead complex business operations with vision and precision.

Outside her professional career, Araba likes to mentor young professionals. She enjoys watching African movies and listening to good gospel music.

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