about us
mandate
The Company is authorised to carry on the following businesses:
a) To issue debt securities backed by receivables from the GETFund Levy and/or budgetary allocations to GETFund under the GETFund Act and assigned to the Company by GETFund;
b) To acquire, by novation, the liabilities of GETFund to relevant contractors (in relation to the construction of educational infrastructure) and banks (under syndicated loan arrangements entered into by GETFund), for the purposes of settling or refinancing these obligations; and
c) To enter into such other arrangements and transactions in relation to the issuance of debt securities as may be necessary or required by GETFund.
overview of the issuer
Daakye Trust PLC is a Special Purpose Vehicle (SPV) incorporated as a public limited liability company to, among others, issue debt securities for the purpose of financing the construction of Educational Infrastructure and refinancing the GETFund Debt.
Under the management of the Corporate Manager and in accordance with the Bond Documents, the Issuer (through the Account Banks) will collect and manage the proceeds from the Bonds and the GETFund Receivables for the Contractor Payments and the Bond Repayments, respectively.
board of directors
Mr. Stephen Antwi-Asimeng is a private independent financial advisor providing banking, investment, corporate finance and private equity advisory services to large corporate and SME firms. He has over twenty-eight (28) years’ experience in the banking, financial services, and SME business community including over eighteen (18) years in senior executive management positions.
Stephen is a valued member and chair of local and international boards of directors, offering strategic leadership and corporate governance support. He served on the board of Africa Venture Capital & Private Equity Association for six (6) years from 2004. He was selected by the Economic Commission of Africa (ECA) as a member of an ad hoc team of experts on private equity and venture capital as an asset class in SME finance in Africa in 2013 and 2015.
Mr. Antwi-Asimeng has a Master of Arts degree in Banking and Finance from University of Wales, United Kingdom and a Bachelor of Arts degree in Economics and Sociology from the University of Ghana, Legon.
Mr. Amoh is a Director of Internal Audit and a Technical Advisor to the Ministry of finance. He works to position the Internal Audit Unit of the Ministry as a public sector model that delivers value addition with professionalism, integrity and ethics. He also provides assurance in areas bordering on value for money and financial due diligence, expenditure rationalization, project financial modelling and assessments, public financial management process and controls improvements and risk management to the Minister for Finance of Ghana.
Hayford has over 10 years of professional experience spanning financial statement reporting and auditing, internal controls evaluation, Risk management, Corporate Finance and investment banking, import finance management, front loading and social accounting.
Prior to his nomination to the Issuer Board, he had served as a Technical expert to the F15 group of Finance Ministers in Africa on Financing the African Union and served as a member of the Fiscal risk committee of the Republic of Ghana.
Hayford is a member of the ICAG. He also holds a Bachelor of Science degree in Accounting from the University of Professional Studies, Accra.
Mr. Amoh is a representative of the sponsor/shareholder on the Issuer Board.
Mr. Addo is the owner and managing director (since 1997) of Admedia Ltd, a marketing communications and advertising agency. His previous 27 years work experience spanned service in four entities: Lintas Ghana Ltd; The Ghana Broadcasting Corporation (GBC); Management Development and Productivity Institute (MDPI) and STB-McCann Ghana Ltd, where he was founding partner and first managing director.
In the fields of marketing communications and advertising, Emmanuel has served and continues to serve a range of key multinational and local companies across many industries within and outside Ghana.
An ex-President of the Advertising Association of Ghana (AAG); he still serves as a member of the AAG Executive Council.
Emmanuel holds a post graduate diploma in Communication Studies from the School of Communications at the University of Ghana, Legon.
Mr Addo is a member of the Executive Committee of the Ghana Employers Association. He is also a Trustee on the GETFund Board of Trustees as nominee of the Ghana Employers Association (GEA).
Mr. Arkhurst is a Chief Economics Officer and Director of Debt Management Division of the Ministry of Finance. He has 24 years in macroeconomic analysis, budgeting, public financial management and debt management.
Prior to his nomination to the Issuer Board, Samuel had served as a member of the board of directors of Grains and Legumes Development Board, Cocoa Processing Company Limited, Vodafone Cash, Ghana Export Import Bank and E.S.L.A. Plc.
Samuel has a Master of Arts degree in Economic Policy Management and Bachelor of Arts degree in Economics from the University of Ghana, Legon.
Mr. Arkhust is a representative of the Ministry of Finance on the Issuer Board.
Mr. Dennis is an audit partner with KPMG (Ghana). He is responsible for overseeing audits in the Financial Services Industry in Ghana, with the banking sector being his specialty. He is also the Risk Management Partner of the Ghana practice. His role includes directing and setting the strategy for audits, reviewing of work done and reports, as well as representing the firm during discussions with clients and presentation of our reports.
Frederick has 18 years of audit and assurance experience and has served a range of multinational and local companies across various industries within and outside Ghana.
He has also supervised the performance of some financial due diligence reviews. Frederick has experience in IFRS conversion.
He is a KPMG accredited trainer and has provided internal and external training in addition to his audit responsibilities.
Frederick is a fellow of the ACCA and a member of the ICAG. He also holds a Bachelor of Science in Administration from the University of Ghana, Legon.
Prior to his nomination to the Issuer Board, he had served as a member of the board of directors of E.S.L.A. Plc.
Mr. Dennis is a representative of the Corporate Manager on the Board.
corporate manager
KPMG in Ghana is the appointed Corporate Manager of Daakye Trust PLC. It is the oldest auditing and consulting firm in Ghana. KPMG is based in Accra and provides a wide range of business services to companies in a variety of industries including local, multinational entities, non-profit organisations and donor agencies. The firm also serves an impressive array of middle market and privately held companies.
The firm specialises in financial statement audits, tax compliance and advisory services, business performance, financial advisory, transaction services, corporate finance services; IT advisory, internal audit, accounting advisory, and forensics.
All the partners and senior staff members of the firm are qualified professionals and include accountants, lawyers, consultants and university degree products from well accredited universities.
In addition to our local workforce, the firm leverages specialised consultants in other KPMG offices as and when required. This way, the firm’s clients, no matter the business or activities they are engaged in, have their needs adequately served.
Key Personnel of the Corporate Manager
Anthony Sarpong is the Senior Partner of the KPMG Practice in Ghana. His core function includes giving strategic direction and managing operations to ensure the delivery of key corporate objectives.
Anthony has 23 years of Audit (financial statements, projects and special), Accounting Advisory, and Corporate recovery and Insolvency experience having worked in Ghana, Nigeria and South Africa.
Prior to his role as Senior Partner, he was a Partner and Head of Audit at KPMG in Ghana. He doubled as the sector lead for the Financial Services line of business and Head of Risk Management in the Ghana Practice. His experience encompasses Financial service and Consumer Markets lines of business. He has led some of the firm’s largest and complex cross-functional engagements.
Anthony is a member of the Institute of Chartered Accountants – Ghana (ICAG), Institute of Chartered Accountants of Nigeria (ICAN) and Ghana Association of Restructuring and Insolvency Advisors (GARIA). He has served as a member of ICAG’s Standard and Ethics Committee since 2016. Prior to that, he was a member of the ICAG’s Technical Committee. He currently serves as a member of the ICAG Council.
Anthony holds an MSc. in Financial Risk Management from London Metropolitan University, UK; Post-Graduate Diploma in Business Administration from the University of Manchester, UK; and a First Class Honours in Business Administration (Accounting option) from the University of Ghana.
Daniel Samoah Adoteye is the Partner of Deal Advisory and Management Consulting, units in KPMG. Daniel is a qualified Management Accountant who has over the years been involved in project management, change enablement, process design, diagnostic reviews, and the design and implementation of financial systems.
Daniel has extensive project management skills, acquired from the various engagements he has led and managed for various client projects in diverse industries including the government sector, non-governmental agencies, oil & gas, telecommunications, consumer markets and financial services.
He has also designed and implemented financial management systems for both public sector and private organisations within and outside Ghana and carried out management audits for international organisations within the African region.
Daniel is an associate member of the Chartered Institute of Management Accountants
Frederick Dennis is an audit partner with responsibility for overseeing audits in the Financial Services in Ghana, with the banking sector being his specialty. He is also the Risk Management Partner of the Ghana practice. His role includes directing and setting the strategy for audits, reviewing of work done and reports, as well as representing the firm during discussions with clients and presentation of our reports.
Frederick has 18 years of audit and assurance experience and has served a range of multinational and local companies across various industries within and outside Ghana.
He has also supervised the performance of some financial due diligence reviews. Frederick has experience in IFRS conversion.
He is a KPMG accredited trainer and has provided internal and external training in addition to his audit responsibilities.
Frederick is a fellow of the ACCA and a member of the ICAG. He also holds a Bachelor of Science in Administration from the University of Ghana, Legon.
Prior to his nomination to the Issuer Board, he had served as a member of the board of directors of E.S.L.A. Plc.
Mr. Dennis is a representative of the Corporate Manager on the Board.