Coates iv1 the core goal of corporate law and governance is to improve outcomes for participants in businesses. The quest for expansion and growth influences most organisations to combine with, or acquire another firm. Synergies can also result from a conglomerate combination by mergers and acquisitions. Business mergers and acquisitions ghana list of ghana. Mergers and acquisitions in ghana foreign investor considerations. This study seeks to evaluate the impact of mergers and acquisition as strategic growth options in the west african banking sector. The acquisition of provident life and express life by old mutual and prudential respectively.
The use of tender offers in mergers and acquisitions increased dramatically after 1965, even though their usage extends to a considerable period of time. The importance of mergers and acquisitions in todays economy rima tamosiuniene1, egle duksaite2 abstract. Even though mergers and acquisitions are known to be associated with so many benefits, it is equally worth noting that some empirical research proved that mergers and acquisitions can as well lead to the failure of a firm. Unlike all mergers, all acquisitions involve one firm purchasing another there is no exchange of stock or consolidation as a new company. Regulatory implications for merger transactions in nigeria. The curse of ghanaian businesses now are mergers and. Owusu alfred, amo francis, merger and acquisition in ghana. The bank of ghana may disapprove a proposed transfer of shares in the interest of sound and prudent management of a regulated financial institution and the functioning and stability of the overall financial system by preventing d the acquisition of shares by a person who, in the opinion of the bank of ghana, would. List of mergers and acquisition companies and services in ghana. Types, regulation, and patterns of practice john c. A are use ad tools fos businesr expansios an restructuringdn throug merger. Pdf merger and acquisition in ghana revenue authority, human. Specifically, the study sought to i nvestigate how the human reso urce.
These regulations apply to all public companies engaged in acquisitions and mergers in ghana. Cnbc looks back at the 10 biggest deals of the year and who advised on them. This in turn promotes economic efficiency through improvements in costs and services delivery. Merger is the corporate action where two companies decide to combine their operations. The study limited its scope to two main banks which have been involved in mergers and acquisitions in ghana.
The role of mergers and acquisitions in firm performance. Mergers and acquisitions in ghana 20927 words bartleby. Bank performance, mergers and acquisitions in ghana. The federal competition and consumer protection act 2019.
That is, ecobank trust bank of ghana s acquisition and ut bank bank bpis merger. Mergers and acquisitions in ghana essay 20936 words. Harvey university of ghana business school this study analyzes the impact of mergers and acquisition on. Mergers and acquisitions on the ghana stock exchange gse and rule 14 of the gse takeovers and mergers rules a case study of the legal basis of the offer for the shares of ghana breweries ltd by guinness ghana. This has necessitated several structural changes in the operations of the companies involved. That is, ecobank trust bank of ghanas acquisition and ut bank bank bpis merger. The ghana firm, which is a full member of the network of firms of pwc, has unrestrained. List of business mergers and acquisitions companies and services in ghana.
The pre and post merger performance of firms in ghana. The impact of mergers and acquisitions on service quality. In august, 1992, the companys name was changed to elf oil ghana limited following the acquisition of bp ghana limited by elf aquitaine. A merger occurs when the economic resources of two or. Umoren and olokoyo 2007 studied merger and acquisition in nigeria. Growth strategies, merger, acquisition, waves, integration introduction mergers and acquisitions. Pdf merger and acquisition in ghana revenue authority.
There have also been issues surrounding the proposed takeover of hfc bank ghana. Ghana, impact, mergers and acquisitions, service quality 1. Merger, acquisition in nigeria, other african nations to. Mergers and acquisition ghana list of ghana mergers and. The nca has come out with these guidelines for dealing with mergers or acquisitions.
And almost 99 per cent of merger and acquisitions were made with ca sh payments. The effect of mergers and acquisitions on the financial. The next most common impetus for mergers and acquisitions is to expand into highly related or adjacent businesses, as in the viacom example. The study explored the human resource issues in merger and acquisition using the case of ghana revenue authority gra. A glance at any business newspaper or business news web page will indicate that mergers and acquisitions. Both the companies involved in the merger cease to exist resulting into a combined new company.
Total ghana limited tgl is also a firm in the oil and gas industry of ghana. Access bank plc nigeria and sg ssb ghana, that were involved in mergers. This is as a result of continuous growth in the economy, increased interest from international markets and the desire of domestic companies to expand their operations across ghana s borders. Introduction commercial banks play crucial roles in the financial industry and the economy of ghana. Undoubtedly today we live in a time of significant economic change. The global transaction forecast report issued by baker mckenzie and oxford economics predicts that merger and acquisition.
The mergers and acquisitions strategy has stood out among many firms as the most popular among firms seeking to establish a competitive advantage over their rivals kumar, 2009. It was formerly registered under the companies code of 1963 as bp ghana limited on 30th december, 1964. Mergers and acquisitions companies in ghana including kumasi, accra, and more. Mergers and acquisitions in ghana foreign investor. The global transaction report obtained by sweetcrude. The importance of mergers and acquisitions in todays. Acquisitions are often congenial, and all parties feel satisfied with the deal. Merger and acquisition in ghana revenue authority, human resource issues involved swap transaction. This is pursuant to the securities industry law, 1993 pndcl 333, as amended by the. According to amegah, 2012 in the past, mergers and acquisitions in ghana had. Ghana s economy has experienced a windfall of merger and acquisition activity recently. Mergers and acquisitions edinburgh business school. Merger and acquisition in ghana revenue authority, human.
1467 865 654 79 436 969 1365 150 975 1159 929 237 869 990 401 1129 378 1065 1335 995 1327 401 1189 77 174 977 320 1148 1103 1073 375 193 705 1159 60 1437 580 1199 1441 203 911 99 859