ManagementCDH Financial Holdings Limited is managed by a team with extensive experience in the financial markets, and is committed to providing innovative products and services. The management team includes:
Emmanuel K. ADU-SARKODEE (B.A; MBA, LLB) Group Chief Executive Officer
He is responsible for the establishment of many thriving businesses. These include Phoenix Life Assurance Company Ltd, RBF Ltd, CDH Commodities Ltd, Phoenix Health Insurance Ltd, Phoenix Medical Centre, and Homeland Insurance (Liberia).
He has been the driving force and brain behind some of the most impressive corporate turnaround stories in Ghana. These include the successful re-positioning of Phoenix Insurance Ltd, Ivory Savings and Loans Ltd, CDH Financial Holdings Ltd, CDH Asset Management Ltd, CDH Securities Ltd, Phoenix Insurance and Phoenix Life Assurance Company Ltd.
Mr. Adu-Sarkodee presently chairs the Boards of CDH Securities Ltd, Phoenix Life Assurance Company Ltd, Homeland Insurance (Liberia), RBF Ltd, and Phoenix Health Insurance Company Ltd. He also serves on the boards of many institutions. These include National Investment Bank Ghana (Ltd), Ivory Savings and Loans Ltd, Phoenix Insurance Company Ltd, Accra City Hotel (NOVOTEL), CDH Asset Management Ltd, CDH Securities Ltd, CDH Commodities Ltd,Cornerstone Quarries Ltd, Global Media Alliance Holding Company, and Ghana Catfish Ltd.
Mr. Adu-Sarkodee beautifully blends cutting-edge experience from both the private and public sectors. He is the architect of the National Buffer Stock Company Ltd (NAFCO), a project he led from conceptualisation to implementation; from thought to finish. This is now a thriving company, serving to safeguard the food security of Ghana. He also serves on the Council of the Ghana Employers Association.
Mr. Adu-Sarkodee joined CDH as the Business Development Manager in 2000, and was appointed Executive Director of CDH Financial Holdings in 2005 to lead in restructuring the Group. He has been involved in major business transactions, including the acquisition of Benefits Insurance Ghana Ltd by Regency Alliance Insurance and Capital Express Life Ltd and the restructuring of Phoenix Insurance Company Ltd.
Mr. Adu-Sarkodee holds a Bachelor of Arts (Honours) degree in Sociology with Political Science, and an Executive MBA in Entrepreneurial Management from the University of Ghana. He also holds a Bachelor of Laws (LLB) degree from the GIMPA Law School (Ghana), and has undertaken short courses in finance and management.
He is married to Dr. Catherine Adu-Sakodee, and has two children.
Desmond NARTEY Executive Director, CDH Securities Limited
Mr. Nartey is a credentialed member and a Certified Valuation Analyst (CVA) of the International Association of Valuers, Consultants and Analysts (IACVA), and a member of the Board of Governors of IACVA (Ghana).
He has many years of progressive experience in economics, financial services and investment management. Before joining CDH, he worked as the Deputy Head of Investment at SIC, Head of Corporate Finance at Strategic African Securities Ltd (SAS), a stock brokerage and investment management firm. Between March 2005 and January 2006, Desmond was seconded to NTHC Ltd as the Acting Chief Executive Officer.
He serves on the boards of CDH Financial Holdings Ltd, Ivory Finance Company Ltd, CDH Securities Ltd, CDH Asset Management Ltd, CDH Commodities Ltd, Phoenix Insurance Company Ltd and Phoenix Life Assurance Company Ltd.
Martin ASAMOAH Executive Director, CDH Commodities Limited
He has worked with CDH in various capacities as corporate finance analyst, accounts executive and accounts manager, before assuming his current position. Martin has several years of experience in the financial services industry in Ghana.
Mr. Asamoah serves on the boards of CDH Financial Holdings Ltd, CDH Securities Ltd, CDH Asset Management Ltd, and CDH Securities Ltd.
Seth ARYITEY Executive Director, CDH Asset Management Limited
Mr. Aryitey has vast experience in banking and finance. Some of his significant professional and career achievements include the establishment of HFC Brokerage Services Ltd (a member of the HFC Bank Group in Ghana), and SIC Financial Services Ltd (Brokerage).
He has been engaged in various public and private listings on the Ghanaian financial markets. Mr. Aryitey is a lecturer in Securities Trading and Investment Advisory Techniques at the Ghana Stock Exchange. He is a lecturer at the Chartered Institute of Bankers (Ghana), and also a regular panelist on a number of media platforms.
Seth Aryitey serves on the boards of CDH Financial Holdings Ltd, CDH Asset Management Ltd and CDH Securities Ltd.
Emmanuel Augustus AMISSAH Group Head, Legal
Mr. Amissah worked with Kwaku Kyeremateng & Company, Ghartey & Ghartey, and AB & David Law (formerly General Law Consult), where he rose to become a partner. He headed the Commercial Litigation & Alternative Dispute Resolution (ADR) unit as well as the Property & Real Estate practice groups of the firm.
He had a stint at Scancom Limited (operators of MTN Ghana) as the Senior Manager (Site Acquisitions) and was also in-house counsel for Facol Roads Limited (a road construction & furnishing company).
Mr. Amissah is a member of the Ghana Bar Association.
Eric ADAE Group Head, Corporate Communications
Mr. Adae is the author of several publications on communications and marketing, and was a lecturer at the African University College of Communications (AUCC).
Before joining CDH Financial Holdings, he served as Director of Operations at Channel Two Communications and was also the Executive Director of Vivid Marketing Systems.
He is a member of the Institute of Public Relations (Ghana), and the Chartered Institute of Marketing (Ghana).
Kofi ADJEI-BAAFI Head, Operations (CDH Commodities Ltd.)
Before joining CDH Commodities Ltd, Mr. Adjei-Baafi worked at CDH Securities Ltd. as Head of Business Development, and at CDH Insurance Ltd as Assistant Business Development Manager. He also served at the National Population Council as a Population Officer.
Felicia Enyonam KUDAWOO Head, Credit Risk Management (Ivory Finance Company Ltd.)
Ms. Kudawoo is a risk management expert, with diverse experiences in fund management, credit risk management and administration. She worked with HFC Investment Services Ltd, a subsidiary of HFC Bank (GH) Limited.
Benjamin Apeakorang Group Chief Finance Officer
Notable among his previous clients have been Wells Fargo (US), Freddie Mac (US), Ford Motor Credit Company (US), StanbicIBTC Asset Management (Nigeria), Zenith Capital (Nigeria), Global Fund (Ghana) and Data Bank Asset Management (Ghana).
Ben is a Fellow of the Association of Certified Chartered Accountants, and also a Certified Internal Auditor. He holds an MSc in Accounting from Leeds Metropolitan University (UK) and previously worked with PwC (Ghana) and KPMG (US).
His areas of expertise and competence include risk management, internal controls (COSO), International Financial Reporting (IFRS), US GAAP/ GAAS, financial analysis, budgeting and budget reviews, Sox-404, auditing/ accounting, financial due diligence, and extensive international experience.
- Currency (GHC)
- Fx Buy
- Fx Sell
- BK Rates
- CFA Franc
- Pound Sterling
Last updated: 30 Oct, 14
- Equity (GHC)
- SCB PREF
Last updated: 22 Oct, 14
GSE Composite indexBenso Oil Palm Plantations (BOPP) continued on its upward trajectory over the past few weeks with a 2% gain in its share price to GHC 3.84 per share as at close of trading on the Ghanaian bourse last week. This gain as well as 5 other price advances in ETI, GCB, PBC, PZC and SCB helped the Composite Index (GSE-CI) to a 42bps rise to a level of 2,226.37 points and a year-to-date return of 3.78%. This was despite losses for the week in six other stocks, namely, CPC, EGL, SIC, SOGEGH, TBL and UNIL. The Financial Stocks Index (GSE-FSI) also improved by 1% to 2,162.51 points (YTD=21%). Liquidity improved by 13% and 417% on market volumes and turnover respectively to 959,572 shares at GHC 3.7 million. Ghana Commercial Bank recorded the highest trades for the week with 58% and 78% of aggregate volume and value respectively. Using information on closing bids and offers we expect price gains in this week in EBG and FML and losses in EGL, GCB, GSR, HFC and SCB.
Previous Date: 17th October, 2014 • 2,216.87 points
Current Date: 24th October, 2014 • 2,226.37 points
Change to Date: 3%
- Commodity (USD)
- Oil (Brent)
- USD 84.47 per barrel
- USD $3,021.00 per metric tonne
- USD 1,240.50 per ounce
- USD 217.10 per pound
- USD 3.52 per bushel
Last updated: 22 Oct, 14
Pearls of Wisdom
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.