"1. Subject-matter expertise on the financial services. 2. Professionalism. 3. Quality of work. 4. Integrity and work ethic." - IFLR 1000, 2022
"Clear and well reasoned/comprehensive advice." "Deep expertise." - Financial services regulatory, IFLR 1000, 2022
The financial services sector in Ghana has undergone a number of challenges and reforms in recent years. These challenges have resulted in a robust regulatory response to address vulnerabilities in the market and to keep abreast with the rapidly changing business environment. We support and guide our clients to understand, and comply with financial services regulatory issues.
We advise regulators and other non-bank financial institutions, insurers and insurance intermediaries, capital markets operators (such as brokers, investment advisers, and fund managers), fintech and payment systems operators, and other financial services sector entities.
Our financial services regulatory expertise includes licensing & compliance advisory, corporate governance & risk management advisory, market conduct advisory, investigations & enforcement, and transactions regulatory support.
Key Matters
Financial Services Regulatory Experience
Development Bank Ghana Ltd: Application for a development banking licence.
FirstRand: Application for a banking licence for First National Bank Ghana Limited.
MoneyGram: Ghanaian legal and regulatory regime on electronic payment systems.
Jumia Ghana: E-commerce platform and other operational matters.
PayU Africa: Ghanaian legal and regulatory regime on electronic payment systems.
Branch International: Proposed extension of its digital lending services to Ghana.
Regulator Engagement Experience
Bank of Ghana: REPO transaction guidelines and legal regime for REPO transactions in Ghana.
SEC: Enforcement actions against certain fund managers. Our scope of work included advising the client on the legal issues relating to the enforcement action.
Ghana Stock Exchange: Proposed demutualisation.
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.
