Address:
4 Momotse Avenue
Adabraka
Accra
Ghana
GP 1632

+233 302 208888

+233 302 22 08901


Key contacts:

Managing Partner /Head: Financial Institutions & Capital Markets and Energy & Infrastructure : Seth Asante
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Senior Partner /Head: Disputes: Ace Anan Ankomah
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Quick facts:

Number of lawyers: 32 (P:10 / SA:5 / A: 20)
Network memberships: 5 (Lex Mundi, IFLR1000, Global Chambers, Legal 500 EMEA, Lex Africa)
Language: English


Partners:

  • Ace Anan Ankomah, Senior Partner
  • Seth Kwasi Asante, Managing Partner
  • Susan-Barbara Adjorkor Kumapley (Mrs.)
  • Angela Gyasi
  • Daad Akwesi (Mrs.)
  • Frank Nimako Akowuah
  • Golda Denyo
  • Seyram Dzikunu
  • Gloria Cofie
  • Nania Owusu-Ankomah Sackey (Mrs.)
  • Elizabeth Ashun

Senior Associates:

  • Elizabeth Tamakloe Fugar
  • Nana Esi Beduwa Ghunney
  • Sophia Sena Berdie
  • Dzifa Vanderpuye
  • Godwin Ofosuhene Nkrumah

Associates:

  • Portia Agbo
  • Dilys Ewuraesi Mbiah
  • Maame Adjoa Ghunney
  • Emmanuel B. Saah
  • Jonathan Sitofe. K. Amable
  • Shirley Afoley Otu
  • Benjamin Ebo Dantse
  • Amtul-Nasir Iddrisu
  • Theodosia Tandoh
  • Michelle Okyere
  • Abena Amoatemaa Sarpong
  • Akua Afriyie Badu
  • Nana Ama Asare
  • Gifty Aku Hlordjie
  • Pappa Kweku Anan-Ankomah
  • Kwame Owusu Nkansah

Bentsi-Enchill, Letsa & Ankomah (BELA) is a leading full-service law firm in Ghana with 32 lawyers, structured into 4 departments: Corporate & Commercial, Energy & Infrastructure, Financial Institutions & Capital Markets and Disputes.

BELA’s mission is to maintain its leading position in the market, by being industry thought-leaders, recruiting and developing exceptional talent and investing in technology to deliver results for clients. We are proactive, commercial and innovative with the objective of being the go-to firm for clients. We strive to be creative in handling matters, leading to quality, cost efficient, solution-oriented, timely and practical legal advice.

  • Asset finance
  • Banking
  • Capital markets: Debt
  • Capital markets: Derivatives
  • Capital markets: Equity
  • Covered bonds
  • Financial restructuring
  • Financial services regulatory
  • Hedge funds
  • Investment funds
  • M&A
  • Private equity
  • Private equity funds
  • Project development
  • Project finance
  • Real estate finance
  • Restructuring and insolvency
  • Securitisation
  • Structured finance/securitisation
  • Trade finance

Mergers & Acquisitions
Seth Asante (seth.asante@belonline.org)
Frank Nimako Akowuah (fnakowuah@belonline.org)

Recent transactional highlights for Mergers & Acquisitions:

  • We are advising LeapFrog (local counsel) in connection with an indirect equity investment in Fidelity Bank Ghana Limited through certain existing shareholders.
  • We advised MTN Group in connection with the corporate restructuring of aYo Holdings Limited, the holding company of aYo Ghana Limited (a company registered in Ghana and licensed as an insurance intermediary).
  • Advised Ghana Infrastructure Investment Fund (GIIF) on a proposed additional equity investment with Spectrum Fibre Company Limited to finance a new cost lines for the completion of the Western Corridor Fibre Project.
  • We acted for Future Global Resources in connection with its acquisition of the entire issued shares of Bogoso Holdings, which held 90% interest in the Ghanaian mining company, FGR Bogoso Prestea Ltd.

Banking
Seth Asante (seth.asante@belonline.org)
Frank Nimako Akowuah (fnakowuah@belonline.org)

Recent transactional highlights for Banking:

  • We acted as Ghanaian counsel to Citibank N.A. in relation to a USD 500 million secured deposit transaction to the Bank of Ghana.
  • We advised African Trade Finance Limited in connection with a USD 105 million syndicated trade finance facility to CAL Bank to improve its ability in funding forex trading reserve.
  • We acted for Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V in connection with a term loan facility of up to EUR 26,500,000 to Niche Cocoa Industry Limited, Niche Confectionery Limited, Niche Cocoa Sourcing Limited and Cocoa Tolling Services Limited.
  • We are advising GIIF in connection with a proposed debt financing to SAMA Holdings Limited for the construction of 2 hostels to provide sustainable and affordable hostel facilities to an aggregate of 4,750-bed tertiary students of the Cape Coast Technical University and Takoradi Technical University
  • We acted as Ghanaian legal counsel to Syndicate of Lenders in connection with the USD 1.3 billion receivables-backed trade finance facility from the syndicate of lenders to Ghana Cocoa Board for the purchase of cocoa beans in Ghana for the 2020/2021 crop season and the refinancing of purchases already made for the main crop season.

Capital Markets
Seth Asante (seth.asante@belonline.org)
Frank Nimako Akowuah (fnakowuah@belonline.org)

Recent transactional highlights for Capital Markets:

  • We are advising Bayport Savings and Loans Plc in connection with the creation of security (over specified debt receivables of the Issuer) in favour of the outstanding noteholders under the Bayport’s existing GHS 500 million medium term note programme.
  • We are advising GCB Securities in connection with a government bailout programme to settle clients of fund managers companies whose licences were revoked by the Securities and Exchange Commission.
  • We advised Daakye Trust Plc in connection with the establishment of a receivables backed bond issuance programme.
  • We are acting as transaction advisers to Ghana Amalgamated Trust (GAT) in connection with an initial public offer of preference shares.
  • Advised Izwe Savings and Loans Plc (as issuer) in connection with the establishment of a note programme

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