Banking
The landscape of the banking industry has changed quite dramatically over the last few years.
The industry is witnessing unprecedented increase in competition, application of technology and regulatory requirements. Currently, Ghana has over twenty banks and there are indications that new banks may enter the economy shortly. But the majority of banks are too small to provide financial services commensurate with the expected direction of growth of the Ghanaian economy. Size, in terms of total assets and availability of liquid resources to undertake large financial transactions by individual banks, or provide syndication for such transactions by a number of banks, is essential for the banking industry. Consequently, smaller and medium-sized banks have to enter into strategic alliances such as mergers and acquisitions and other forms of business combinations to be able to operate successfully.
KPMG can help provide advice on the form of strategic alliance a bank chooses. We can put together a strong team that can provide merger and acquisition advice, valuation, financial due diligence and performance enhancement analysis. Insurance Similar to the banking sector, insurance is also experiencing substantial growth. This may be attributed to two key factors: the decoupling of life from non life insurance has helped increase awareness of insurable risk while the oil find has attracted a number of new insurance companies into the market.
KPMG can assist in the preparation of business plans and other documents tailored to the requirements of the National Insurance Commission. We also conduct industry analysis and firm specific review which help us to advice on the initial registration process.
Insurance
Similar to the banking sector, insurance is also experiencing substantial growth. This may be attributed to two key factors: the decoupling of life from non life insurance has helped increase awareness of insurable risk while the oil find has attracted a number of new insurance companies into the market. KPMG can assist in the preparation of business plans and other documents tailored to the requirements of the National Insurance Commission. We also conduct industry analysis and firm specific review which help us to advice on the initial registration process.