The company is being administered by KPMG in Ghana and is governed by carefully selected competent and experienced individuals.
E.S.L.A. PLC is authorised to carry on the following business among others:
a) To issue debt securities backed by receivables collected under the Energy Sector Levies Act, assigned to the Company by the Government of Ghana acting through the Ministry of Finance for the purpose of servicing the debt securities and related expenses;
b) Enter into such other arrangements and transactions in relation to the issuance of debt securities as may be necessary or required by the Government of Ghana acting through the Ministry of Finance.
E.S.L.A. PLC is a Special Purpose Vehicle (SPV) incorporated as a public limited liability company to issue long-term bonds to resolve energy sector debts due to banks and trade creditors. The securities issued are backed by a component of the Energy Sector Levy Act (ESLA) receivables which has been assigned to the company for the settlement of coupons and principal repayments arising under the securities that are issued.
The key objective of the Energy Sector Levy Act is to resolve the energy sector debts. The company is being administered by KPMG in Ghana and its board is made up of carefully selected competent and experienced individuals. The company upholds excellence, quality and professionalism as part of its core values.
Mr. Simon Dornoo is a Banker with extensive professional, managerial and business leadership experience in the financial services industry spanning more than 25 years locally and abroad. He was CEO of GCB Bank which he led for six years up to March 2016. Prior to that he worked for Barclays Bank in Ghana and then Barclays Plc. in UK where he was Finance Director for Barclays Africa businesses in Africa and the Indian Ocean. He has served on a number of boards mainly in the financial services industry and he is the immediate past president of the Ghana Bankers Association.
Mr. Simon Dornoo has an MBA from Manchester Business School and he is a member of the Institute of Chartered Accountants, Ghana. He is also a member of ACI, a worldwide association of Wholesale Financial Market professionals.
Mr. Alhassan Tampuli is the CEO of National Petroleum Authority. He previously worked with the National Service Scheme and rose to the rank of Deputy Head of HR and Acting Director of Postings. He later set up and headed the Legal Department of the scheme between April 2014 and November 2015. Thereafter, Mr. Tampuli worked with the prestigious law firm, Bentsi - Enchill, Letsa & Ankomah's Energy and Natural Resource Practice Group as an Associate before co-founding East-bridge Associates, a corporate law firm.
Mr. Tampuli taught constitutional law at the faculty of law of Winsconsin International University College for the 2014/15 academic year before resigning to concentrate on his private legal practice.
Mr. Alhassan Tampuli is a graduate of the school of administration of the University of Ghana (UG) (now University of Ghana Business School) and Faculty of Law, UG. He was called to the Ghana Bar in 2011. He holds a Master of Laws degree (LL.M) in Energy and Environmental law from the Ohio State University Moritz College of Law.
Mr. James Demitrus is chartered accountant with extensive consultancy and managerial experience in the energy sector, spanning over 26 years across numerous positions, projects and companies in Ghana, Nigeria, Tanzania and Zambia. Mr. Demitrus is currently the Head, Revenue Monitoring Unit (Financial and Energy Expert), Ministry of Energy. Prior to that, he served as an embedded consultant of the Public Investment Division - MoFEP. He also worked in a supervisory position for VRA and served as the Head of Department for Industrial Research Institute (CSIR).
Mr. Demitrus has an MSc. in Financial Economics from the Norwegian School of Management, Sandvika - Oslo, Norway and a BSc. Administration (Accounting option) from School of Administration, University of Ghana, Legon. He is a chartered accountant with the Association of Chartered Certified Accountants, UK.
Mr Demitrus is a representative of the Ministry of Energy on the Board.
Mr. Arkhurst is a Chief Economics Officer and Director of Debt Management Division of the Ministry of Finance. He has 24 years experience in macroeconomic analysis, budgeting public financial management and debt management. Prior to his nomination to the Board, he had served as a board member in the following institutions: Grains and Legumes Board, Cocoa Processing Company, Vodafone Cash, and Ghana EXIM Bank.
Mr Arkhust is a representative of the Ministry of Finance on the board. He has a Masters degree in Economic Policy Management and BA in Economics from the University of Ghana, Legon.
Mr. Dennis is an audit partner with KPMG with responsibility for overseeing audits in the Financial Services and Consumer Market sector in Ghana, with the banking sector being his specialty. Frederick has 16 years of audit and assurance experience and has served a range of multinational and local companies across various industries within and outside Ghana. Frederick is a fellow of the Association of Chartered Certified Accountants and holds a Bachelor of Arts in Administration from the University of Ghana.
Mr Dennis is a representative of the Administrator on the Board.
KPMG in Ghana is the appointed administrator of E.SL.A. PLC. It is the oldest auditing and consulting firm in Ghana. KPMG is based in Accra and provides a wide range of business services to companies in a variety of industries including local, multinational entities, non-profit organisations and donor agencies. The firm also serves an impressive array of middle market and privately held companies.
The firm specialises in financial statement audits, tax compliance and advisory services, business performance, financial advisory, transaction services, corporate finance services; IT advisory, internal audit, accounting advisory, and forensics.
All the partners and senior staff members of the firm are qualified professionals accountants, lawyers, consultants and university degree products from well accredited universities. They also hold university degrees from well-accredited universities.
In addition to our local workforce, the firm leverages specialised consultants in other KPMG offices as and when required. This way, our clients, no matter the business or activities they are engaged in, have their needs adequately served.
Profiles of the Key Personnel of the Administrator
Mr. Dodoo is the Senior Partner of the KPMG in Ghana and has 38 years of work experience. His core function includes giving strategic direction and managing operations to ensure the delivery of key corporate objectives.
He has varied experience in providing audit advisory services, privatisation and due diligence reviews, project evaluation of proposed acquisitions and reporting accountants. Amanor served as audit engagement partner for audit services to a number of clients across various industry sectors including key subsidiaries of global clients in Ghana.
He worked with the KPMG Professional Services in Nigeria practice between 2006 and 2010 where he was the Partner in Charge of the audit units of energy and natural resources and consumer market sectors.
Amanor is a member of the Institute of Chartered Accountants of Ghana and the Institute of Chartered Accountants, Nigeria.
Mr. Sarpong is the Head of the Audit unit of KPMG. He is also the Risk Management Partner. His role includes leading teams to execute audit engagements, acting as key relationship contact with key management staff, managing staff.
Anthony has 20 years of audit (financial statements, projects and special), accounting advisory, and corporate recovery and Insolvency experience having worked in Ghana, Nigeria and South Africa. He serves as audit engagement partner for a number of clients including leading industry players in the Consumer and Industrial Markets (CIM) as well as the Technology, Media and Telecommunications (TMT) services lines of business. He previously served as engagement partner for financial services clients including major Ghanaian and Nigerian banks.
Anthony is a member of the Institute of Chartered Accountants, Ghana and Nigeria. He holds a Bachelor of Science in Administration degree from the University of Ghana and a Post-Graduate Degree in Business Administration from the University of Manchester, UK.
Mr. Dennis is an audit partner with responsibility for overseeing audits in the Financial Services and Consumer Markets sector in Ghana, with the banking sector being his specialty.
His role includes directing and setting the strategy for audits, reviewing of work done and reports, as well as representing the firm during discussions with clients and presentation of our reports.
Frederick has 16 years of audit and assurance experience and has served a range of multinational and local companies across various industries within and outside Ghana. He has also supervised the performance of some financial due diligence reviews. Frederick has experience in IFRS conversion and has been involved in risk management.
He is a KPMG accredited trainer and has provided internal and external training in addition to his audit responsibilities. Frederick is a fellow of ACCA and a member of ICAG. He also holds a Bachelor of Arts in Administration from the University of Ghana, Legon.