Meet the team

Financial Institutions & Capital Markets

Bentsi-Enchill, Letsa & Ankomah

Accra, Ghana
+233 302 208888
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Deals

ESLA Plc (Energy Bonds): Tax receivables-backed bond issuance programme and listing of bonds on the Ghana Fixed Income Market. This is currently the largest bond programme on the Ghanaian market.

Daakye Trust Plc: Tax receivables-backed bond issuance programme and listing of bonds on the Ghana Fixed Income Market.

Ghana Amalgamated Trust Plc: Equity investments in Prudential Bank Limited, Universal Merchant Bank Limited, Agricultural Development Bank Limited, National Investment Bank Limited and OmniBSIC Ghana Limited.

First Bank Nigeria: Acquisition of all the shares in International Commercial Bank Group’s banking subsidiaries in Ghana, Guinea, Senegal, Gambia and Sierra Leone.

Fidelity Bank Ghana Limited: Equity capitalisation by way of private placement of shares with Amethis Africa Finance Limited, Edmond de Rothschild Europportunities II S.C.A., SICAR, Edmond de Rothschild Europportunities II FCPR and KTH Africa Investments.

Organigram

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Team Services

Our Financial Institutions & Capital Markets practice group advises clients on all aspects of regulatory issues and transactions relating to equity and debt capital markets, mergers and acquisitions, private equity, financial services, banking and finance, and legal due diligence.

We have developed a strong industry reputation for our work and expertise on the most complex transactions in Ghana. Our clients benefit from our deep knowledge and understanding of the relevant legal and regulatory framework and our practical commercial outlook. Our top-tier and client-focused team is led by Managing Partner Seth Asante and Frank Akowuah.

Awards and Recognition

Tier 1 Firm in Banking and Finance

Tier 1 firm in Capital Markets

Whitepapers and Articles

What are self-regulatory organisations and how do they work?

Read a high level overview of the guidelines the Securities and Exchange Commission has published to regulate the licensing and operation of self-regulatory organisations here.

On 31 March 2023, the Income Tax (Amendment) Act, 2023 (Act 1094) was passed and subsequently took effect on 3 April 2023 after receiving presidential assent.

This article highlights and explains the practical implications of these amendments to Ghana’s Income tax regime here

Netting provisions are critical features of financial contracts which enable the parties to manage counterparty default risk and market risk effectively. However, the enforceability of netting arrangements is itself subject to a significant risk- the lack of a supportive legislative framework.

This article takes a deep dive into netting, examining recent legislative and regulatory interventions aimed at enhancing the legal framework for enforcing close-out netting arrangements in Ghana, while highlighting the key issues to be addressed and next steps to be addressed to ensure that all netting arrangements are fully enforceable in Ghana. Read here

Foreign insurers and reinsurers operating in Ghana are regulated under the Insurance Act, 2021 (Act 1061) and supervised by the National Insurance Commission.

This article discusses what constitutes an insurance business in Ghana and explores the licensing requirements for foreign insurers and reinsurers under the Act, as well as the penalties for defaulters. Read here. 

The government of Ghana has established the Ghana Carbon Registry system, which is an online database for quantifying and verifying greenhouse gas (GHG) emissions and reductions from projects aimed at reducing GHG emissions, issuing carbon credits related to such projects and tracking carbon credits in Ghana in an efficient and transparent manner.

In this article, we discuss the benefits and expectations of the Framework here.