About us

The company is being administered by KPMG in Ghana and is governed by carefully selected competent and experienced individuals.

ESLA About us

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.


  • James Demitrus

    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.

  • Samuel Arkhurst

    Mr. Arkhurst is a Chief Economics Officer and Director of Debt Management Division of the Ministry of Finance. He has 24 years in macroeconomic analysis, budgeting, public financial management and debt management.

    Prior to his nomination to the Issuer Board, Samuel had served as a member of the board of directors of Grains and Legumes Development Board, Cocoa Processing Company Limited, Vodafone Cash, Ghana Export Import Bank and E.S.L.A. Plc.

    Samuel has a Master of Arts degree in Economic Policy Management and Bachelor of Arts degree in Economics from the University of Ghana, Legon.

    Mr. Arkhust is a representative of the Ministry of Finance on the Board.

  • Frederick Dennis

    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 over 20 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 Science in Business Administration from the University of Ghana, Legon

    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


  • Daniel Samoah Adoteye (Engagement Partner)

    Mr. Adoteye is the Partner of Deal Advisory and Management Consulting, units in KPMG. Daniel is a qualified Management Accountant who has over the years been involved in project management, change enablement, process design, diagnostic reviews, and the design and implementation of financial systems.

    Daniel has extensive project management skills, acquired from the various engagements he has led and managed for various client projects in diverse industries including the government sector, non-governmental agencies, oil & gas, telecommunications, consumer markets and financial services. 

    He has also designed and implemented financial management systems for both public sector and private organisations within and outside Ghana and carried out management audits for international organisations within the African region.

    Daniel is an associate member of the Chartered Institute of Management Accountants.

  • Anthony Sarpong (Senior Partner)

    Mr. Sarpong is the Senior Partner of the KPMG Practice in Ghana. His core function includes giving strategic direction and managing operations to ensure the delivery of key corporate objectives.

    Anthony has over 23 years of Audit (financial statements, projects and special), Accounting Advisory, and Corporate recovery and Insolvency experience having worked in Ghana, Nigeria and South Africa.

    Prior to his role as Senior Partner, he was a Partner and Head of Audit at KPMG in Ghana. He doubled as the sector lead for the Financial Services line of business and Head of Risk Management in the Ghana Practice. His experience encompasses Financial service and Consumer Markets lines of business. He has led some of the firm’s largest and complex cross-functional engagements.

    Anthony is a member of the Institute of Chartered Accountants – Ghana (ICAG), Institute of Chartered Accountants of Nigeria (ICAN) and Ghana Association of Restructuring and Insolvency Advisors (GARIA). He has served as a member of ICAG’s Standard and Ethics Committee since 2016. Prior to that, he was a member of the ICAG’s Technical Committee. He currently serves as a member of the ICAG Council.

    Anthony holds an MSc. in Financial Risk Management from London Metropolitan University, UK; Post-Graduate Diploma in Business Administration from the University of Manchester, UK; and a First Class Honours in Business Administration (Accounting option) from the University of Ghana.

  • Frederick Dennis (Partner)

    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 over 20 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 Science in Business Administration from the University of Ghana, Legon.