" Their execution abilities are the best in Ghana for the capital markets ". Capital Markets - The Legal 500, 2022
" With Seth Asante and Frank Nimako Akowuah at the helm, Bentsi-Enchill, Letsa & Ankomah‘s first-rate team has a notable reputation for its work on a wide range of banking, finance and investment banking matters in addition to its broader work in the financial services sector ".- Banking and Finance - The Legal 500, 2022
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.
Key Matters
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.
MTN Ghana: Initial public offer and listing of shares.
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.
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 and the establishment of a bailout scheme for affected investors.
Ghana Stock Exchange(GSE): Proposed demutualisation. Our scope of work includes advising the client on the legal issues relating to the transaction and drafting transaction documentation.
Ecobank Ghana Limited: Merger with The Trust Bank Limited.
Access Bank (Ghana) Plc (Access Bank): Initial public offer and listing of shares on the GSE.
Standard Chartered Bank Ghana Limited: Rights issue and additional listing of shares on the GSE.
Standard Chartered Bank: Project financing facility to a borrower for the construction of a petroleum tank farm.
Bank Hapoalim B.M.: ASHRA export credit-backed project financing facilities to the Government of Ghana for the construction of a hospital.
Vanguard Group: Group restructuring.
Enterprise Group Limited: Group restructuring.
