Management

CDH 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 Group Chief Executive Officer & CEO, Ivory Finance Company

Mr. Emmanuel Adu-Sarkodee is the Group Chief Executive Officer of CDH Financial Holdings Ltd. He is also the Chief Executive Officer of Ivory Finance Company Limited, a member of the CDH Group.

He currently serves on the boards of several institutions, including Phoenix Life Assurance Company Ltd, Accra City Hotel (NOVOTEL), CDH Asset Management Ltd, CDH Securities Ltd, CDH Commodities Ltd, Phoenix Insurance Company Ltd and Ghana Catfish Ltd.

Prior to joining CDH Financial Holdings Ltd, Mr. Adu-Sarkodee was the Personal Assistant to the Group Chief Executive at Transnational Holdings, a financial services group with interests in southern Africa and the United Kingdom.

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.

He is the architect of the National Buffer Stock Company Ltd, 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.

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.
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Desmond NARTEY Executive Director, CDH Securities Limited

Desmond Nartey holds an MBA in Finance from the Joseph M. Katz Graduate School of Business of the University of Pittsburgh (USA), as well as BA and MA degrees in Economics from the City University of New York (USA).

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.
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Martin ASAMOAH Executive Director, CDH Commodities Limited

Martin Asamoah is a Chartered Accountant, and holds an MBA in Accounting from the University of Ghana Business School. He also holds a Bachelor of Commerce degree, and Diploma in Education from the University of Cape Coast.

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.
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Seth ARYITEY Executive Director, CDH Asset Management Limited

Seth Aryitey holds an MBA from the Ghana Institute of Management and public Administration (GIMPA), and a Professional Post-Graduate Diploma in Marketing from the Chartered Institute of Marketing Ghana (CIMG). He also holds a BA (Hons.) degree in Political Science with Sociology from the University of Ghana. He is an Associate Member of the CIMG, and full member of Institute of Directors (Ghana).

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.
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Emmanuel Augustus AMISSAH Group Head, Legal

Emmanuel Amissah was called to the Ghana Bar in October, 1995, and has many years working experience as a legal practitioner.

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.


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Kofi ADJEI-BAAFI Head, Operations (CDH Commodities Ltd.)

Kofi Adjei-Baafi holds an MA in Population Studies, and a BA (Honours) degree in Geography and Resource Development, both from the University of Ghana.

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.




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Felicia Enyonam KUDAWOO Head, Credit Risk Management (Ivory Finance Company Ltd.)

Ms. Felicia Enyonam Kudawoo holds an EMBA degree in Strategic and Project Management from the Paris Graduate School of Management. She is a product of the University of Cape Coast, where she graduated with a Bachelors Degree in Commerce, and Diploma in Education.

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.
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Benjamin Apeakorang Group Chief Finance Officer

Ben is the Group Chief Finance Officer of CDH Financial Holdings Limited. He has over twelve years experience in practice, and brings to bear versatile strengths and extensive experience in various economies/ markets. He has diversified background in multiple industries, including banking and capital markets, finance, manufacturing, retail, service and not for profit organizations.

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.


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Kwasi Owusu ASARE Group Head, Business Development and Corporate Communication

Kwasi Owusu Asare
Group Head, Business Development and Corporate Communication

Kwasi is the Group Head, Business Development and Corporate Communication for CDH Financial Holdings Ltd. He is a seasoned and versatile media and marketing professional who has 17 years experience in change management, marketing and media relations.

He is a product of the University of Ghana Business School and a member of the Chartered Institute of Marketing (Ghana). He holds a BSc in Accounting and is currently undertaking an EMBA (Online Program) with the University of Wales.

Kwasi has to his credit various international media training with organizations like the British Broadcasting Corporation, Clear Channel and other media organizations in the United Kingdom and the United States. He is also a member of the Radio Advertiser’s Bureau headquartered in the USA.

He has been instrumental in turning around the fortunes of some key media organizations in Ghana such as Multimedia Broadcasting Company, Graphic Communications Group Ltd., and West Africa Media Development Fund.

Prior to joining CDH Financial Holdings Limited he was the Director of Marketing for the Ghana Broadcasting Corporations.

He is married with two children.

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Associated Businesses

  • Currency (GHC)
  • Fx Buy
  • Fx Sell
  • BK Rates
  • Dollars
  • 3.0324
  • 3.0350
  • 3.0337
  • Euro
  • 4.0747
  • 4.0778
  • 4.0763
  • CFA Franc
  • 160.86
  • 160.98
  • 160.92
  • Pound Sterling
  • 5.1472
  • 5.1519
  • 5.1496
  • Naira
  • 53.35
  • 53.40
  • 53.38

Last updated: 29 Jul, 14

  • Equity (GHC)
  • Price
  • Change
  • FML
  • 6.55
  • -0.03
  • MAC
  • 3.30
  • 0.00
  • ACI
  • 0.03
  • 0.00
  • EBG
  • 7.00
  • -0.02
  • EGL
  • 1.80
  • 0.00
  • ETI
  • 0.29
  • 0.00
  • GCB
  • 5.10
  • 0.00
  • GGBL
  • 3.69
  • 0.00
  • GOIL
  • 0.99
  • 0.01
  • GSR
  • 2.75
  • 0.00
  • GWEB
  • 0.04
  • 0.00
  • HFC
  • 1.35
  • 0.00
  • AGA
  • 37.00
  • 0.00
  • MLC
  • 0.31
  • 0.00
  • PKL
  • 0.06
  • 0.00
  • PBC
  • 0.14
  • 0.00
  • PZC
  • 0.55
  • 0.00
  • SCB
  • 18.20
  • 0.00
  • SIC
  • 0.40
  • 0.00
  • SPL
  • 0.04
  • 0.00
  • SOGEGH
  • 0.87
  • 0.02
  • SWL
  • 0.04
  • 0.00
  • TBL
  • 0.24
  • 0.00
  • ALW
  • 0.05
  • 0.00
  • TOTAL
  • 6.33
  • 0.00
  • TRANSOL
  • 0.03
  • 0.00
  • TLW
  • 35.05
  • 0.00
  • UNIL
  • 17.60
  • 0.00
  • UTB
  • 0.39
  • 0.00
  • AADS
  • 0.52
  • 0.00
  • SCB PREF
  • 0.55
  • 0.00
  • GLD
  • 23.00
  • 0.00
  • AYRTN
  • 0.18
  • 0.00
  • BOPP
  • 2.86
  • 0.00
  • CAL
  • 0.88
  • -0.01
  • CLYD
  • 0.04
  • 0.00
  • CMLT
  • 0.14
  • 0.00
  • CPC
  • 0.02
  • 0.00

Last updated: 29 Jul, 14

GSE Composite index

The Ghanaian bourse continued on its downward trajectory in last week’s trading as the lead market tracker – the Ghana Stock Exchange Composite Index (GSE-CI) – posted a negative return of 165bps to a level of 2,294.03 points and a year-to-date return of 6.94%. There were as many as 11 price decliners as against only 3 advancers. Six of the price drops were in financial stocks resulting in the GSE-Financial Stocks Index also tumbling by 170bps to a new close of 2,109.77 points. Oil Marketing firm, TOTAL, was one of the price losers and also dominated in trading on the market last week. Shares of the Ghanaian subsidiary of the French company accounted for 80% and 94% of the market volume and turnover respectively in huge block trades. This improved liquidity on the market to levels of 5 million shares at GHC 27.3 million; higher by 131% and 616% respectively over the preceding week’s levels. Using information on closing bids and offers we expect price gains in BOPP and SOGEGH and losses in CMLT, GGBL, PZC and TOTAL.

Previous Date: 18th July, 2014 • 2,332.62 points

Current Date: 25th July, 2014 • 2,294.03 points

Change to Date: 7%

  • Commodity (USD)
  • Price
  • Change
  • Oil (Brent)
  • USD 107.57 per barrel
  • -0.76%
  • Cocoa
  • USD $3,176.00 per metric tonne
  • -0.56%
  • Gold
  • USD 1,303.30 per ounce
  • 0.02%
  • Coffee
  • USD 181.10 per pound
  • 1.09%
  • Maize
  • USD 3.67 per bushel
  • 1.10%

Last updated: 29 Jul, 14

Pearls of Wisdom

I do not believe a man can ever leave his business. He ought to think of it by day and dream of it by night.

Henry Ford