Obtaining a Private Equity License in Ghana

By ClintonOur Publications

Clinton Consultancy can assist you to set up a Private Equity Firm in Ghana by

  • Obtaining the requisite license and drafting all documents including and not limited to the following Ghanaian compliant documents as drafted by lawyers qualified in the jurisdiction of Ghana
  • Detailed regulations of Private Fund in accordance with the Laws of Ghana
  • A bespoke offer document to disclose all information that may be necessary for investors to make an informed judgement
  • A bespoke custody agreement: An agreement for the custody and safe-keeping of the assets
  • Ensure Financial Statement is compliant with regulators requirements

Whilst submitting documents including

  • formation documents;
  • offer document;
  • manager’s latest audited report;
  • custodian’s latest audited report; and
  • evidence of payment of the prescribed fee

And ensuring that documents show the company

  • has as its principal object the provision of risk capital to small, medium and large size businesses
  • has an initial minimum fund size of ten million (10,000,000) Ghana Cedis
  • has a Board of directors with at least one independent director
  • has appointed an auditor who is a member of a recognized professional Institute and
  • it has appointed an independent professional, such as a member of the Ghana Bar Association or similar professional body, as a Company Secretary

 

Whilst drafting further documents that are compliant with Ghanaian law to show

  • The fund shall have a valuation policy to assess the value of investments
  • The private equity fund has adopted a valuation methodology which is in line with the International Private Equity Valuation Guidelines
  • We have drafted a comprehensive disclosure document that your company shall show to investors so they have a clear understanding of how the portfolio is valued and priced and in accordance with local laws
  • Business Plan (as defined in the Securities industry (Licencing guidelines) 2020.
  • Your company is Anti-Money Laundering/Combating the Financing of Terrorism (AM/CFT) compliant
  • *And assess appointment and eligibility of e.g auditor, manager etc

 

With our senior level connections and expertise, lobbying and liaising with and work with regulators, we will work to your interest and  at the Registrar General, submit paperwork reflecting the change of structure of the company.

 

Projected Time Frame

3 months.