Enterprise Group donates to police hospital dialysis centre   ||   Enterprise Group Positioned For The Future   ||   A New Page in the Life of Enterprise Life.   ||   Enterprise Trustees Interacts With All Its Service Providers On Their Master Trust Pension Schemes   ||   Your retirement is secured in our hands   ||   Enterprise Group Welcomes a New Strategic Partner   ||  
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About Enterprise Trustees Limited
Corporate History
Corporate History

Enterprise Trustees was incorporated on 8th November 2010 as a joint partnership between Enterprise Group and Sanlam Group of South Africa.

Parentage
Enterprise Group, a blue chip Financial Services Company listed on the Ghana Stock Exchange currently has four (4) subsidiaries. These are Enterprise Insurance, Enterprise Life, Enterprise Properties and Enterprise Funeral Services in collaboration with Sanlam Group, a Financial Services & Investment company of South Africa, has established Enterprise Trustees to provide trustee services within the framework of the National Pensions Law, Act 766 of 2008. As per the Act, employers have an obligation to engage the services of a trustee. The trustee is to preside over the management of their organization's pension schemes of the 2nd and 3rd tiers. It is in this regard that Enterprise Trustees. Enterprise Trustees, the Pensions Management subsidiary of the Enterprise Group, proposes to offer its services as Corporate Trustees.

Corporate Social Responsibility
Corporate History

Corporate Social Responsibility
The Group's social commitment has had a two faceted approach.Our principle and criteria for support are in promoting health and education across our footprint.

In 2012, we shifted our focus from providing assistance generally to a community and took a focused approach in supporting some key associations and organizations that have been under funded over the years such as the Autism centre in Accra. We have nonetheless kept our promise on on-going projects, key amongst them, our library project in the upper west region.

Our Brand
Our Brand

The Enterprise brand is based on the concept of "The Thoroughbred".

"The Thoroughbred is a horse of outstanding pedigree with an inherent disposition to be the best" Born of outstanding parentage, excellence is just in our nature.

This endows us with sheer power and muscle, which enables us to deliver the quality service and solution our scheme members desire and expect. That is why our scheme members confidently testify that, truly we deliver your advantage.

Management
Joseph Ampofo
General Manager

Joseph comes to this position with a strong dedication to client service, as until this engagement, he was Assistant General Manager Sales & Marketing for Enterprise Trustees Ltd. He has had over 15 years’ experience in the Enterprise Group performing various leadership roles. Until joining Enterprise Trustees the pension’s subsidiary of the Group, Joseph was at Enterprise Insurance holding various leadership positions. As Branch Manager he turned Tema(2001-2008) and Airport(2009-2011) Branches into key revenue Units within 12 months of his leadership there. His relationship with Enterprise began in 1998 having graduated from the University of Ghana with a Bachelor of Arts Degree in Political Science and Sociology. He holds a Diploma in Insurance & Pensions from the West Africa Insurance Institute (WAII) in The Gambia, having completed with Distinction. He is a Certified CII with the Chartered Insurance Institute of UK. In 2010 Joseph successfully completed a 12 month Senior Management Development program from the University of Stellenbosch in South Africa as part of a Sanlam training program for executive development. He has undergone various training in Ghana, Nigeria and South Africa. He is an ardent golfer as well.

Joseph Ampofo
General Manager
Yaw Kusi Acheampong
Head - Finance & Compliance



 Yaw holds a BA degree in Economics with Sociology from the University of Ghana, Legon and is a member of the Association of Certified Chartered Accountants (ACCA). Yaw comes to this position with a wealth of experience in internal audit, control, compliance, investigation, project audits and systems review. FFor 5 years, Yaw worked with ECOBANK Ghana Limited as Senior Internal Auditor responsible for the yearly bank-wide risk assessment for the development of the audit budget. He was senior associate II in the audit department of KPMG where he supervised the execution of audit engagement.
 

Yaw Kusi Acheampong
Head - Finance & Compliance
Ms. Hilda Owusu
Head Of Operations

Ms. Hilda Owusu is a manager and specialist in service delivery procedures and processes. Her administrative skills and competencies relate not only to back office operations but to frontline operations as well. She has demonstrated her knack for operations management during her six years at Enterprise Life, where in various capacities she contributed to the company's success in recent years. Hilda Owusu comes to Enterprise Trustees from Enterprise Life with valuable experience as the head of policy administration from April 2008, Claims Officer (January to August 2006) and Customer Relations Officer (January 2004 to December 2005). Prior to joining Enterprise Life, Hilda worked at the Institute of Local Government Studies from August 2002 to August 2003, as an administrative assistant. Hilda holds an MA in Development Studies from the Institute of Social Studies, The Hague, and a BA(hons) degree in Geography and Resource Development, from the University of Ghana.
 

Ms. Hilda Owusu
Head Of Operations
Maclean Aggrey-Fynn
Head Client Relations

Maclean comes to this position with a wealth of experience in Sales & Marketing and Client service. Until his appointment as Head of Client Relations, he was a Client Relations Manager at Enterprise Trustees. He has over 9 years with the Enterprise Group. Prior to joining Enterprise Trustees, the pension’s subsidiary of the Group, Maclean was a Sales Manager at Enterprise Life. At Enterprise Life, for three years running he was adjudged a Top Sales Manager. He holds a Master’s degree in Business Administration from the Leeds Metropolitan University (UK) and Bachelor of Science honors degree in Tourism from the University of Cape Coast. He is undertaking Chartered Insurance Institute Associate programme with one module to complete.

Maclean Aggrey-Fynn
Head Client Relations
Emmanuel Afriyie Amoako
HR Business Partner

Emmanuel is currently the HR Business Partner for Enterprise Insurance and Enterprise Trustees. He is responsible for Recruitment, Learning and Development, Performance Management, Disciplinary & Grievance Management, and other core HR duties that support the business to achieve strategic objectives in both subsidiaries. He has also been active in strategy planning and project implementation for both subsidiaries and is also a member of the Executive Committee. Emmanuel works closely with the Business Development Unit in undertaking CSR activities for Enterprise Insurance and is also member of the Management Negotiation team that deals with the ICU union during review of Collective Agreement and salary negotiation or Wage Opener. He has contributed significantly to Group HR projects such as Standardization of employee grading and remuneration, development of HR Policy and employee handbook. He has successfully led the organization of various corporate events designed to improve people management within Enterprise Group.
 

Prior to joining Enterprise Group, he worked as HR Consultant at PsyconHR Limited where he was involved in various assignments for Private sector, state-owned and NGO clients in areas such as HR Technical assignments (development of strategy, process reviews, design of HR Protocols), Design & facilitation of Training programmes, organizational research and recruitment (lower level, middle management and Executive level). Emmanuel also worked with Expresso Telecom (Ghana) as a Talent Manager where he was responsible for managing Recruitment, Training,   Core HR Operations, Negotiations with the Union and Corporate Social responsibility activities. 

Emmanuel is a certified HR Professional (HR Certification Institute – USA) and a Qualified Trainer. He also holds an MBA (HRM Option) from the University of Ghana Business School and a B. Ed. Foundations (Economics) degree from University of Cape Coast.

 

Emmanuel has been a resource person for capacity building organizations such as DUES Club, PIMI, Soul Impact and other youth-related organizations.

Emmanuel Afriyie Amoako
HR Business Partner
Products
Enterprise Tier 2 Occupational Pension Scheme
Enterprise Tier 2 Occupational Pension Scheme
Objective:
The objective of the scheme is to create a large pool of funds to allow members to benefit from economies of scales. This scheme offers members a one-stop administration and relieves staff of companies from complex and timing consuming trustee duties.
 
Membership:Open to employers irrespective of industry and size.
 
Contribution Package:
5% of gross salary for contributors of tier one
18.5% of gross salary for employees exempted from tier one.
 
Withdrawal:
  1.  Retirement at age 60 and above
  2. Early retirement from age 50 ( if not employed or self-employed)
  3. Non Ghanaians emigrating permanently
  4. Medical Board declaring a contributor as no longer mentally or physically capable of performing the functions of office.
  5. Upon Death benefit is paid to nominated beneficiaries.
Scheme Custodian:
Standard Chartered Bank Ghana Limited.
 
Scheme Fund Managers:
All asset-based fee in line with NPRA provisions.
 
Fees:
An asset based fee in line with NPRA provisions.
 
Benefits:
Outline access to access statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance.
Audited statement from “A” rated firm.

 

I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Enterprise Tier 3 Provident Fund Scheme
Enterprise Tier 3 Provident Fund Scheme

Objective:
To provide contributors with additional retirement to complement mandatory pension schemes.


Membership:
Open to all employees of participating employers.


Contribution Percentage
No restricitions on contribution percentages.


Withdrawals:

  1. Tax free after 120 months of contribution.
  2. Partial withdrawal fees before 120 months will be subject to tax.
  3. Full payout to beneficiaries upon death.

Scheme Custodian:
Stanbic Bank Ghana Limited.

Scheme Fund Managers:

Multiple Fund Managers approved by the NPRA

Fees:

An asset based fee in line with NPRA provisions.

Benefits

Online access to statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance
Audited statement from “A” rated firm.
Annual Scheme report

I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Enterprise Personal Pension Scheme
Enterprise Personal Pension Scheme

The Enterprise Personal Pension Scheme allows formal sector workers to make additional contributions towards retirement. This is geared towards enhancing their retirement benefit outside the mandatory schemes and any provident fund scheme.

 

Informal sector workers, who are usually not covered by the mandatory pension schemes, are also catered for under this scheme.

How does this scheme operate?

The scheme is administered by a Trust and contributions received from individuals into the pension scheme are invested per scheme’s Statement of Investment Policy and in line with National Pensions Regulatory Authority guidelines. The scheme pays out lump sum benefits at retirement.

Contributions from formal sector workers are held in one account. Contributions from informal sector workers are apportioned into two different accounts based on the member’s preference. ie. Savings Account and Pension Account. Persons above 60 can opt to hold a pure savings account. Members are at liberty to switch from one plan to another and will be limited to a total number of switches of three (3) in the life time of the contract. No switching before the first twelve months, and no additional switches within 24 months of a previous switch.

HIGH

MEDIUM

LOW

PENSION

SAVINGS

PENSIONS

SAVINGS

PENSIONS

SAVINGS

70%

30%

60%

40%

500%

50%

 

When are benefits paid?

Formal Sector Worker

Contributors less than 50 years at entry can opt to make partial withdrawal in the last five years of the Savings Period. Minimum savings period is 10 years. Withdrawal in the last five years is limited to one withdrawal not exceeding 25% of total available benefit.

Contributors above 50 years at entry can make partial withdrawal after two years but limited to one withdrawal per year after qualifying for withdrawal. No restriction on percentage available for withdrawal.

Informal Sector Worker

The Pension Account:

Withdrawal is allowed on this account under the following conditions:

• Retirement

• Early retirement

• Permanent Physical or permanent disability

• Emigration

• Death

Member can access the total of his benefits in lump-sum pay-out without deducting taxes

The Savings Account:

Withdrawal is allowed on this account under the following conditions:

• After 36th month.

• Partial withdrawal limited to 50% of the fund.

• Partial withdrawals then allowed every two years after the initial withdrawal of not more than 25% of the fund.

• Withdrawals on Pre Tax contributions prior to fifth year are tax deductible

• Total lump sum pay out after fifth year Anniversary without tax deductions

• Retirement

• Early retirement

• Transfer

• Closure of account

• Emigration

I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Underwriters Tier 2 Master Trust Pension Scheme
Underwriters Tier 2 Master Trust Pension Scheme
Objective:
The objective of this scheme is to create a large pool of funds to allow members benefit from economies of scales. This scheme offers members a one-stop administration and relieves staff of companies from complex and timing consuming trustee duties.
 
Membership
 Open to employers largely from the financial sector irrespective of size.
 
Contribution Percentage:
5% of gross salary for contributors to tier one  
18.5% of gross salary for employees exempted from tier one. 
 
Withdrawal: 
a. Retirement at age 60 and 
b. Early retirement from age 50 ( if not employed or self-employed)
c. Non Ghanaians emigrating permanently
d. Medical Board declaring a contributor as no longer mentally or physically capable of performing the functions of the office.
e. Upon Death benefit is paid to nominated beneficiaries.
 
Scheme Custodian:
Ecobank Ghana Limited 
 
Scheme Fund Managers:
Multiple Fund Managers approved by the NPRA 
 
Fees:
An asset-based fee in line with NPRA provisions.
 
Benefits:
Online access to statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance
Audited statement from “A” rated firm.
Annual Scheme report
 
I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Underwriters Tier 3 Master Trust Pension Scheme
Underwriters Tier 3 Master Trust Pension Scheme
Objective:
To provide contributors with additional retirement savings to complement mandatory pension schemes. 
 
Membership
 Open largely to employers from the financial sector irrespective of size.
 
Contribution Percentage:
No restrictions on contribution percentages. 
 
Withdrawal: 
1. Tax free after 120 months of contribution 
2. Partial withdrawals before 120 months will be subject to tax.
3. Full payout to beneficiaries upon death.
 
 
Scheme Custodian:
Ecobank Ghana Limited 
 
Scheme Fund Managers:
Multiple Fund Managers approved by the NPRA 
 
Fees:
An asset-based fee in line with NPRA provisions.
 
Benefits:

Online access to statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance
Audited statement from “A” rated firm.
Annual Scheme report

 
I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Mining Industry Master Trust Occupational Pension Scheme (MIMTOPS)
Mining Industry Master Trust Occupational Pension Scheme (MIMTOPS)
Objective:
The objective of this scheme is to protect the interest of members and create a large pool of funds to allow members benefit from economies of scales. These cost savings ultimately translate into enhanced retirement payouts to contributors. 
 
Membership
 Open to members and affiliate members of the Chamber of Mines.
 
Contribution Percentage:
5% of gross salary for contributors to tier one  
18.5% of gross salary for employees exempted from tier one. 
 
Withdrawal: 
a. Retirement at age 60 and 
b. Early retirement from age 50 ( if not employed or self-employed)
c. Non Ghanaians emigrating permanently
d. Medical Board declaring a contributor as no longer mentally or physically capable of performing the functions of the office.
e. Upon Death benefit is paid to nominated beneficiaries.
 
Scheme Custodian:
Fidelity Bank Ghana Limited 
 
Scheme Fund Managers:
Frontline Capital Advisors
Cal Asset Management
Data Bank Asset Management 
 
Fees:
An asset-based fee in line with NPRA provisions. 
 
Benefits:
Close oversight monitoring by the Chamber of Mines
Excellent governance structures
Transparency and integrity
Leading edge administration platform
Highly competitive cost structure
Online access to statement 
 
I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Rural & Community Banks Occupational Pension Scheme
Rural & Community Banks Occupational Pension Scheme
Objective:
The objective of this scheme is to create a large pool of funds to allow members benefit from economies of scales. This scheme offers members a one-stop administration and relieves staff from complex and timing consuming trustee duties.
 
Membership
 Open to rural and community banks under the supervision of ARB Apex Bank.
 
Contribution Percentage:
5% of gross salary for contributors to tier one  
18.5% of gross salary for employees exempted from tier one. 
 
Withdrawal: 
a. Retirement at age 60 and 
b. Early retirement from age 50 ( if not employed or self-employed)
c. Non Ghanaians emigrating permanently
d. Medical Board declaring a contributor as no longer mentally or physically capable of performing the functions of the office.
e. Upon Death benefit is paid to nominated beneficiaries.
 
Scheme Custodian:
Cal Bank Limited 
 
Scheme Fund Managers:
HFC Investment Services Limited
 
Fees:
An asset-based fee in line with NPRA provisions. 
 
Benefits:

Highly competitive cost structure
Online access to statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance
Audited statement from “A” rated firm.
Annual Scheme report

 
I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
Rural & Community Banks Provident Fund Scheme
Rural & Community Banks Provident Fund Scheme
Objective:
To provide contributors with additional retirement savings to complement mandatory pension schemes. 
 
Membership
Open to rural and community banks under supervision of ARB Apex Bank.
 
Contribution Percentage:
No restrictions on contribution percentages. 
 
Withdrawal: 
1. Tax free after 120 months of contribution 
2. Partial withdrawals before 120 months will be subject to tax
3. Full payout to beneficiaries upon death.
 
Scheme Custodian:
Cal Bank Limited 
 
Scheme Fund Managers:
HFC Investment Services Limited
 
Fees:
An asset-based fee in line with NPRA provisions. 
 
Benefits:

Highly competitive cost structure
Online access to statement
Retirement planning support
Provide yearly relevant demographic reports to help with human resource planning
Prompt responses to enquires from Dedicated Relationship officer
Opportunity to get discounts on corporate risk covers from Enterprise Life & Enterprise Insurance
Audited statement from “A” rated firm.
Annual Scheme report

I want to sign on to this product :
Name :
Product Name :
Phone Number :
Email Address :
 
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Enterprise Trustees News
Developing Pension-backed mortgages, Myth or Reality – Opportunities, Challenges and the way forward

Enterprise T...

news Developing Pension-backed mortgages, Myth or Reality – Opportunities, Challenges and the way forward

Enterprise Trustees Ltd, the leading private pension administration company in Ghana has held a consultative meeting with Stakeholders in the Mortgage Industry on pension-backed mortgages. The event which came on last Thursday in Accra was primarily to allow the National Pensions Regulatory Authority lead discussions aimed at interrogating the mortgage provisions in the Pensions Act with the ultimate aim of making pension-backed mortgage a reality for scheme members.
 

Mr. Fiifi Kwakye, the Board Chairman of Enterprise Trustees, welcoming invited guests indicated, “We are excited to once again lead an initiative that will ensure the reality of pension-backed mortgages for scheme members. This consultative session is to provide the National Pensions Regulatory Authority (NPRA) with the platform to engage closely with relevant stakeholders”.  
 

The Chief Executive Officer of NPRA, Mr. Hayford Atta-Krufi underscored the importance of such a session which brought together Trustees, mortgage providers, real estate developers and employers. He assured workers they are committed to ensuring workers benefit fully from their pension contributions. Applauding Enterprise Trustees on the initiative, Mr. Ernest Amartey Vondee, the Director of Planning, Research, Monitoring and Evaluation at the NNPRA who did a presentation reiterated the need for collaboration among stakeholders to make Pension-backed mortgages a reality.
 

The General Manager of Enterprise Trustees, Mr. Joseph Ampofo, closing the session thanked guests for their active participation and reechoed the need for more collaboration. “We intend to submit a memoranda on discussions held here to the NPRA to help them shape the impending guidelines yet to be issued, to be more applicable to making Pension Backed Mortgages a reality and not a myth”.
 

Enterprise Trustees Limited is a subsidiary of Enterprise Group and ranked by NPRA as the leading private pension’s management company in Ghana. In addition to providing retirement solutions to Companies and Employers, Enterprise has a Personal Pension Scheme for individuals including self-employed individuals seeking to top-up their retirement savings. (Contact our call center on 0302634704 or email us at info.trustees@enterprisegroup.com.gh
 

Enterprise Group donates to police hospital dialysis centre

Enterprise Group, a leading insurance a...

news Enterprise Group donates to police hospital dialysis centre

Enterprise Group, a leading insurance and financial institution in Ghana has donated an amount of ¢75,000.00 to the “Save a kidney, save a life” foundation.

This philanthropic gesture was made to the administrative authorities of the Police Hospital, contributing towards the purchase of a Dialysis Machine for the hospital.

This is also a follow up to an earlier donation made by Enterprise Insurance, a subsidiary of the Enterprise Group to the hospital.

 

The General Manager and Group HR of the Enterprise Group, Amma Ansah, told the media after the presentation that “Research shows that the annual mortality rate per 100,000 people from chronic kidney disease in Ghana has increased by 10.6% since 1990, an average of 0.5% a year." 

"For men, the deadliness of chronic kidney disease in Ghana peaks at age 80 and above. It kills men at the lowest rate at age 5 to 9. At 192.5 deaths per 100,000 men in 2013, the peak mortality rate for men was higher than that of women, which was 135 per 100,000 women.”

She added that “these bleak numbers are a call to action, and the Enterprise Group was overjoyed to have found a partner in The Police Hospital, to answer this call.”

Mrs. Ansah used the platform to remind Ghanaians that health is wealth. She surmised that there was more work to be done and more effort to be put in slowing down the rate of kidney related deaths in the country and she hoped that this small gesture made by The Enterprise Group would be a clarion call to all and sundry to offer their service to the health related needs of the nation.

On his part, The Chairman of the Board of Directors of the Police Hospital Dialysis Center, Mr. Godfred Nyanteh, was overjoyed by the gesture from the Enterprise Group and lauded corporate Ghana in responding to the clarion call of help.

“We all know the tagline of Enterprise to be ‘your advantage’, and indeed you have become the advantage to all who suffer from kidney related ailments,” he said.

He also commented that their offices will always have its doors open for further like-partnerships between Enterprise Group and the Police Hospital.

Enterprise Group is a giant in the insurance industry, with subsidiaries championing their individual industries. Its subsidiaries include Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Transitions, a funeral services company.

Enterprise Group recently announced its partnership with Black Star Holdings Limited, a wholly owned subsidiary of Leapfrog Strategic African Investments (LSAI). LSAI is jointly owned by Leap Frog investments and Prudential Financial Inc. of America (PFI)

 

Source:http://www.myjoyonline.com/news/2017/September-8th/enterprise-group-donates-to-police-hospital-dialysis-centre.php
 

Enterprise Group Welcomes a New Strategic Partner

Enterprise Group Limited (Enterprise Group) has informed the Gha...

news Enterprise Group Welcomes a New Strategic Partner

Enterprise Group Limited (Enterprise Group) has informed the Ghana Stock Exchange of an impending transaction to introduce a new strategic partner in place of Sanlam Emerging Markets Proprietary Limited of South Africa (Sanlam) in three of its subsidiary companies, namely Enterprise Life, Enterprise Insurance and Enterprise Trustees. Enterprise Group will retain its majority stake in each of these subsidiary companies.
 

The new strategic partner is Black Star Holdings Limited (BSHL), a wholly owned subsidiary of LeapFrog Strategic African Investments (LSAI). LSAI is a separate account managed by LeapFrog Investments and in which prudential Financial, Inc. is a primary investor. LeapFrog Investments have $ 1 billion in assets under management and a portfolio of companies across Africa and Asia focused on financial services and health.
 

BSHL will acquire Sanlam’s stake in the three subsidiary companies of Enterprise Group for US$ 130 million. BSHL has also committed funds to support Enterprise Group’s growth agenda over the coming years.
 

The transaction is subject to regulatory approvals and notifications in Ghana and South Africa.

Trevor Trefgarne, Board Chair of Enterprise Group says “This is an exciting transaction for Enterprise Group. With our new partner, LeapFrog Investments, we expect to be able to grasp growth opportunities both in Ghana and across the wider West Africa Region. Enterprise appreciates the long and productive association with Sanlam in Ghana over the past 12 years.
 

From Keli Gadzekpo, CEO of Enterprise Group: “We at Enterprise Group are delighted to welcome leapfrog investments into the Enterprise Family. They bring an incredible network of global insurance contacts and experience, and also the capacity to provide growth capital towards the realization of our very ambitious strategic objectives. We are pleased they have chosen to partner with us.”
 

Junior Ngulube, CEO of Sanlam says “In the 12 years of working with Enterprise Group, we have enjoyed a good partnership and a mutually beneficial relationship in Ghana. Considering our strategic partnerships with both Enterprise Group and Saham Finances, it was mutually agreed that Sanlam should exit from Enterprise Group. However we will look to re-establish and grow our presence in Ghana, starting with Saham Ghana as our partner going forward.”
 

Doug Lacey, who co-led the transaction with Norm Kelly on behalf of LSAI, observed that “Enterprise Group is a pioneer in delivering vital financial services to emerging consumers in Ghana. Its leading position in financial services, as well as dominance in insurance with over 28 percent of the market, is a testament to the quality of the financial services it provides.”
 

Norm Kelly of LeapFrog Investments commented that “Leapfrog Investments are extremely pleased to enter into this strategic relationship with Enterprise Group. Enterprise Group’s management team has built a robust platform for growth in West Africa. With our capital and expertise behind the business, we are confident that it will scale to provide millions more people with access to essential financial services.”

Enterprise Group Donates To First Lady’s Project

Enterprise Group Limited, a leading financial Group in Ghana has donated cash and insurance cover for the construction of the maternity...

news Enterprise Group Donates To First Lady’s Project

Enterprise Group Limited, a leading financial Group in Ghana has donated cash and insurance cover for the construction of the maternity unit under the “Save a Child, Save a Mother” initiative of the First Lady. The donation breaks down into   a cash amount of GHS 100,000.00 to the fund and insurance cover to the tune of GHS8.4m for the project itself.
 

The fund, which is an initiative of Her Excellency The First Lady, Mrs. Rebecca Akuffo Addo, seeks to provide relief to babies and mothers at the Komfo Anokye Teaching Hospital (KATH) by building an ultra-modern maternity wing at the hospital.
 

The insurance cover, which was donated by, the general insurance subsidiary of the Group, Enterprise Insurance, takes the form of a Contractors All Risks insurance policy and protects the building itself from material damage which may occur while under construction. Also the third parties that may be accidentally injured while on the premises during the construction period are also covered. According to Mr Keli Gadzekpo, CEO of Enterprise Group, this is The Company’s way of ensuring that nothing untoward would hold up the project.  This information was made known during the presentation of the cheque to The First Lady by Mr. Keli Gadzekpo.
 

Mr. Gadzekpo congratulated the First Lady for taking up such a laudable cause, saying that Enterprise was moved by the plight of mothers and children at the Komfo Anokye Hospital, as revealed in the documentary produced by the Multi-media Group. The Company therefore felt compelled to help. He went on to say that this is not the first time Enterprise has reacted positively to a national cry, citing the example of Enterprise’s support to the victims of the June 3, 2015 twin disaster.
 

On her part, the First Lady expressed her appreciation of the support by Enterprise, “We all know the tagline of Enterprise to be ‘your advantage’, and indeed you are providing an advantage to these women and children and the nation as a whole” she said. First Lady, expressed her deepest gratitude to all who have donated already, stating that there would be more of such public spirited initiatives from her office and encouraged companies and individuals alike to come on board.
 

Subsidiaries of Enterprise Group Limited are industry leaders in their respective areas of specialization. The current subsidiaries of the Enterprise Group are Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Enterprise Funeral Services which trades under the name Transitions.
 

Enterprise Trustees Organizes Training For Its Scheme Board Members

 

Enterprise Trustees organized a three-day intensive training session at the Fiesta Royale Hotel from the 5th -7th April...

news Enterprise Trustees Organizes Training For Its Scheme Board Members

 

Enterprise Trustees organized a three-day intensive training session at the Fiesta Royale Hotel from the 5th -7th April, 2017 for selected staff and Scheme Board Members.

The training brought together 19 Scheme Board members, including member nominated Trustees, who serve on the 7 Master Trust schemes managed by Enterprise Trustees. The training was organized with the aim of equipping members with appropriate knowledge and understanding of pensions to enable them effectively and efficiently deliver on their role as Trustees. Enterprise Trustees by this training has also fulfilled the statutory requirement as stipulated in Section 7 of the Occupational and Personal Pension Schemes (General) Regulations, 2011.

The training was facilitated by African University College of Communication (AUCC) one of the accredited institutions approved by the National Pensions Regulatory Authority to offer Pension training

  Areas covered included;

·         Background to Pension Reform in Ghana

·         Ghana’s Three-Tier Pensions Systems: The Law and Regulations

·         Scheme Documentation

·         Investment of Assets and Choice

·         The Law Relating to Trust and Trustee’s Role

·         Running a defined Contribution Scheme  

·         Ethical Considerations & Business Performance

 

Mr. Joseph Ampofo, the General Manager of Enterprise Trustees, at the end of the three day session thanked member nominated Board of Trustee members for diligently serving the scheme and stated without any equivocation that this training will go a long way to enhance the administration of the schemes.

 

 

 

The Enterprise Market: the One Stop Shop Service Centre by Enterprise Group

Enterprise Group on the 13th of March, 2017 opened an ultra-modern service center in Kumasi, which seeks to enhance service ...

news The Enterprise Market: the One Stop Shop Service Centre by Enterprise Group

Enterprise Group on the 13th of March, 2017 opened an ultra-modern service center in Kumasi, which seeks to enhance service delivery to their numerous clientele in that region of Ghana.  The Enterprise Market is an innovation of the Enterprise Group, and the only company in the insurance industry in Ghana to offer such an opportunity to its clients - a one stop shop service center for customers.

Speaking at the ceremony, the Chief Executive Officer of Enterprise Group, Mr. Keli Gadzekpo said this was a day he had been looking forward to for many years. “This is a realization of our dream of having a one-stop shop for the various lines of products and services within the subsidiaries of Enterprise Group. We are represented by various colors, but we are one big family.”


Mr. Gadzekpo further stated that the Market will allow existing and prospective customers the opportunity to sign on to products from other subsidiaries and have their customer service concerns addressed.  He went on to stress the intent of the company to cater to the needs of their customers from when they are born throughout their lifetime, or ‘from cradle to grave’ as it’s referred to in the Enterprise fraternity.

The Chief Executive Office of the Enterprise Group reiterated the Group’s plans to open an “Enterprise Market in all the regional capitals of the country, which means that Ghanaians can excitedly look forward to 8 new Enterprise Markets in addition to the current Markets situated at the John Evans Atta- Mills High Street in Accra and Ahodwo in Kumasi.


Currently, the Enterprise Group comprises of Enterprise Insurance, which has been in existence for over 90 years; Enterprise Life, the leading life underwriter in Ghana; Enterprise Trustees, one of the leading pensions solutions company in Ghana; Enterprise Properties, the estate wing of the Group and Enterprise Funeral Services, which trades as Transitions and is also the newest addition to the Group.
 

Enterprise Trustees Engages Representatives of Participating Employers Under It’s Pension Schemes

Enterprise Trustees, the pension subsidiary of Enterprise Group ...

news Enterprise Trustees Engages Representatives of Participating Employers Under It’s Pension Schemes

Enterprise Trustees, the pension subsidiary of Enterprise Group and leader of Ghana’s Pension Industry hosted a cross section of participating employers on its Pension Scheme to a cocktail on 25th January, 2017. This was to usher in the New Year and provide an opportunity for such participating employers to also explore B2B opportunities. In attendance were the member nominated Trustees (Employer Reps who sit on the Boards of Schemes) and Independent Trustees and from both Master Trust and Employer Sponsored Schemes administered by Enterprise Trustees.  
 

Welcoming the invited guest the General Manager of Enterprise Trustees, Mr. Joseph Ampofo, affirmed the need to view the relationship as a partnership and thanked employers for entrusting their staff pensions to the company.  To date, the company provides pension administration services for over 2,750 participating employers with a membership of about 280,000 at end of 2016. The consistent growth of the schemes assets through investment returns and contributions closed the year with over GH¢1B of assets under management re-affirming its Enterprise Trustees leadership in the Pension’s Industry. The General Manager used the occasion to announce the creation of a call centre as part of plans to increasing the service experience of members. 



He entreated representatives present to make the number 0302- 634704 available to their members for prompt resolution of queries. He further sought the co-operation of employers on 2017 activities which included a project to validate existing member data.  This he said “demonstrates our resolve and commitment to ensuring communication with members are enhanced”.  

 

Speaking at the function the Enterprise Group Chief Operations Officer, Mr. C.C. Bruce revealed the addition of Enterprise Funeral Service to the Group. They will be trading under the name Transitions and will start full operations before the end of the quarter. The Rep of the National Pensions Regulatory Authority Mrs. Rita Adzovie applauded Enterprise Trustees on the positive role it continues to play in the industry. She also assured participating employers of the support to the Regulator in ensuring the right practices were followed by industry players to ensure security in their retirement income. 

 

Changes in Enterprise Group Directors

Following the changes in Senior Management made late last year, I am pleased to announce that Messrs. C.C. Bruce and Daniel Larbi-Tieku...

news Changes in Enterprise Group Directors

Following the changes in Senior Management made late last year, I am pleased to announce that Messrs. C.C. Bruce and Daniel Larbi-Tieku have been appointed as Directors of Enterprise

Group Limited with immediate effect.

 

 

Mr. Fiifi Kwakye who Chairs the Boards of Enterprise Life and Enterprise Trustees has also been

appointed to the Group Board with immediate effect. Mr. Emmanuel Idun will continue to provide strategic support to Senior Management on various Group projects as an Executive Consultant.

I am sure these appointments will further strengthen the overall quality of the Group's

operations as we enter the New Year.

 

 

On behalf of the entire Enterprise Family, I extend profound gratitude to Mr. Idun for his immense and invaluable work over the past six years. Together we say a big ayeeko to him. I also congratulate CC, Dan and Fiifi on their appointments and wish them every success going forward.

 

---

Keli Gadzekpo

Enterprise Trustees Limited Joins Ghana Club 100

Enterprise Trustees Limited made its entry into the elite Ghana Club 100 on 26th August 2016.  The Gha...

news Enterprise Trustees Limited Joins Ghana Club 100

Enterprise Trustees Limited made its entry into the elite Ghana Club 100 on 26th August 2016.  The Ghana Club 100 is an annual compilation of the top 100 companies in Ghana by the Ghana Investment Promotion Centre (GIPC) to give due recognition for achieving corporate excellence .The event which took place at the Kempinski Hotel was well attended with industry leaders in corporate Ghana present; including the President of the Republic, H.E John Dramani Mahama.

 

Enterprise Trustees Limited received operating license from National Pensions Regulatory Authority on 10th April 2012. Three years into its operations Enterprise Trustees Limited, the Pensions Subsidiary of the Enterprise Group Limited on the day was adjudged 100th in the elite league and the second fastest growing company in the league. This makes Enterprise Trustees the first and only Pension Corporate Trustee in this prestigious Club.

 

 Management of Enterprise Trustees was excited about the acknowledgement and dedicated the award to its clients who trusted and supported them.  The General Manager of Enterprise Trustees Limited, Joseph Ampofo added that “this testifies our commitment to being your trusted partner for pension services in Ghana”. He was full of praise for staff whose hard work contributed immensely to the feat and indicated “Enterprise Trustees is in for the long haul to ensure comfortable retirement for its members.”

Your retirement is secured in our hands

Enterprise Trustees, with its rich experience derived from the partnership of two industry giants; Enterprise Group Limited of Ghana an...

news Your retirement is secured in our hands

Enterprise Trustees, with its rich experience derived from the partnership of two industry giants; Enterprise Group Limited of Ghana and Sanlam Financial Services Group of South Africa has over the years, maintained its key promise to create wealth for scheme members for their retirement.

 

Enterprise Trustees is one of the first Corporate Trustees to be licensed by the National Pensions Regulatory Authority following the promulgation of the National Pension Law 2008 Act 766. It received certificate to commence business on 9th November 2010 and received operating license from NPRA on 10th April 2012.

 

In these few years it has registered over 2700 employers with members in excess of 230,000 as at 31st December 2015.With the reforms in the pension industry, Enterprise Trustees has deployed dedicated Relationship Managers to provide education about changes in the industry.

 

To aid employers monitor and reconcile their contributions, provision has been made for an online portal for employers to access their corporate statement. Scheme members are not left out of this and can conveniently access their statement through the online portal, as well as via email or text message updates. Members also have the ability to update beneficiary details on the online portal. With such value added services and more, Trustees continues to be a trail blazer for the industry.

 

Our schemes are audited by renowned Ernst & Young, a highly rated audit firm to give members the desired assurance.   The governance of our schemes are led by knowledgeable Trustees with representation from participating employers.  The creation of an investment committee by the Trustee Board ensures prudent investment and monitoring of portfolio. We have carefully selected partners with experience in providing advisory services in Fund management and Custody services to help meet our fundamental aim of delivering to you a secured advantage in your retirement.

 

Benefitting from remarkable expertise from Enterprise Group and a solid partnership with Sanlam Financial Services, our clientele portfolio is distributed across   7 master trust and 20 employer sponsored schemes contributing to a total assets under management of Ghs649m as at 31st December 2015.

 

But that’s not all. To help you prepare adequately for retirement, we have added to our bouquet of services the Enterprise Personal Pension scheme. This scheme provides an opportunity to top up your retirement savings to guarantee adequate retirement income. To serve you more, we have established a regional presence in Greater Accra, Western, Ashanti and Northern region.

 

The dedicated team of Enterprise Trustees ably supported by the shared services team of the Enterprise Group is poised to provide you the advantage Ghana’s leader in retirement wealth creation provides.

 

Enterprise Trustees Interacts With All Its Service Providers On Their Master Trust Pension Schemes

Enterprise Trustees the leading private pension administration company in Ghana held a   review session for all its service p...

news Enterprise Trustees Interacts With All Its Service Providers On Their Master Trust Pension Schemes

Enterprise Trustees the leading private pension administration company in Ghana held a   review session for all its service providers on their master trust schemes at the Tang Palace Hotel, Airport Residential Area. The meeting dubbed the “Power Breakfast” was under the theme “Outlook of the Ghanaian economy in 2016 and its likely impact on Pension Funds”. The meeting saw the gathering of leading pension industry experts i.e. Fund Managers, Custodians & the sole Auditor for all schemes E & Y .This gathering included the Scheme Board members under Enterprise Trustees master trust schemes.

Mr. Joseph Ampofo, the General Manager of Enterprise Trustees in his welcome address reiterated the need for Pensions Service providers to act with integrity and constantly strive to improve service to the schemes. He emphasized the point “ the growth of the assets are paramount to ensuring members live their retirement dreams and this must be done by taking prudent investment decisions today”.  He challenged various industry leaders gathered to lead with conviction and steer the pensions industry to greater heights by demanding excellence from each other as well as fostering more collaboration to drive innovation. The General Manager revealed to date it had received into its custody accounts about Ghs54M from the NPRA being, Temporary Pension Fund from January 2010 to December 2013 for some of its clients. These funds have subsequently been invested. He informed the gathering that NPRA intends to transfer by June all outstanding TPF as such participating employers under Tier 2 should rest assured this is a process and would be completed shortly.

The Enterprise Group Chief Executive Officer, Mr Keli Gadzekpo  reaffirmed the support the Group was giving to Enterprise Trustees in a bid to ensure clients under the pensions cluster received the best of services. One of the key Fund Managers under Enterprise Master Trust Schemes, Mr. Alex Asiedu of Stanlib Ghana Ltd led discussions on the 2016 economic outlook and its likely impact on the pension fund for 2016. 2016 being an election year which traditionally has seen governments overspend may be curtailed to some extent. This is because this time round   the external watchdog IMF is keeping a close eye. Though inflation is expected to remain high the yield curve is expected to correct in 2016 as steps are taken to ensure fiscal consolidation. It is predictable the tight monetary policies currently in place will continue as government tries to manage the volatile currency situation exacerbated by an import driven economy.

Suggestions to direct pension funds into more long term investments which have lower yields is likely to impact on returns.  According to Alex the pension industry would evolve and the basis of competition will shift to service delivery. There was also a delivery by Mr. Albert Amekugee, Head of the Ecobank Ghana Custody services enumerated the major role that Custody plays in the current Pensions regime.  Representatives of participating employers who sit on the various Scheme Boards as Member-Nominated Trustees interrogated the issues raised to provide more clarity for 2016 business.

 

Enterprise Trustees Limited a subsidiary of the Enterprise Group and is the leading private pension’s management company in Ghana and  operates 7 master Trust schemes and provides administration services for more than 20 employer sponsored schemes.

A New Page in the Life of Enterprise Life.

Enterprise Group has announced the appointment of Mrs. Jacqueline Benyi as Executive Director of Enterprise Life.
 

...
news A New Page in the Life of Enterprise Life.

Enterprise Group has announced the appointment of Mrs. Jacqueline Benyi as Executive Director of Enterprise Life.
 

Mrs. Benyi takes over from Mr. C.C. Bruce (Jnr) who has been elevated to the position of the Chief Operations Officer of Enterprise Group. Jacqueline joined the Company at its inception in 2001 as a Sales Manager and became the Tema Branch Manager in 2002.  She has risen through the ranks and held various positions including Head of Customer Services, Head of New Business, Assistant General Manager-Sales & Marketing and General Manager, Operations.  
 

She holds a degree in Economics and Sociology from the University of Ghana.  She is also a Chartered Insurer and Associate of the Chartered Insurance Institute, UK. Jacqueline further holds Advanced Diplomas in Life & Disability Underwriting and Life & Disability Claims from the Assurance Medical Society of London.
 

These qualifications make her the first Professional Life Underwriter and Claims Accessor in Ghana. In 2012 she obtained an EMBA in Finance from the University of Ghana Business School. She has also completed a Senior Management Development Program from the University of Stellenbosch and Executive Leadership Development Program at the Gordon Institute of Business Science, University of Pretoria.
 

Speaking to Mrs. Benyi, she reiterated her passion to continue upholding the outstanding feats and successes chalked up by her predecessor.
 

Mr. Keli Gadzekpo Chief Executive Office – Enterprise Group said   “Jacqueline has demonstrated her capabilities in terms of technical knowledge and leadership qualities, and I have no doubt that she will build on Mr. C.C Bruce jnr’ s firm foundation.

These very important changes have been thoroughly considered and meet the full support and approval of the various boards and also our partners, Sanlam.”

 

According to Mr. Trevor Trefgarne -Chairman, Enterprise Group “It gives the Enterprise Group Board (EGL Board) great pleasure to see our Executives accept these opportunities and play greater roles in continuing the outstanding growth of Enterprise. We have very talented people, well able to deliver on the Group's great expectations.

 

Finally, Mr. Heinie Werth -CEO, Sanlam Emerging Markets said   “I congratulate you and wish you all of the best in your new positions - well done!  You deserve these promotions and new/added responsibilities. I have no doubt you will be extremely successful in your new positions from January onwards.

 

Enterprise Life from its inception in 2001 has maintained an above-market performance ending the third quarter of 2015 as the highest premium income earner in the Life insurance industry.

Enterprise Group Positioned For The Future

Enterprise Group Ltd. held its Fifth Annual General Meeting on Thursday 18th June 2015 at the Accra International Conference...

news Enterprise Group Positioned For The Future

Enterprise Group Ltd. held its Fifth Annual General Meeting on Thursday 18th June 2015 at the Accra International Conference Center.
 

Despite the challenging business environment in 2014, Enterprise Group posted impressive results for the year ended 2014.
 

The Group posted a profit after tax of GH¢61.3m against the prior year’s GH¢39.7m representing a significant growth of 54.5% . Group Net revenues rose to GH¢288.4m as compared to GH¢230.9m in 2013. Net investment income was GH¢74.5m, representing a 25.8% of net income, and represented a growth of 9.6% versus prior year’s performance of GH¢68m.
 

Enterprise Insurance and Enterprise Life still represent the most significant subsidiaries in terms of financial performance. Both businesses continue to show great potential for growth, delivering growth rates of 14.9% and 26.84% respectively in the General and Life Insurance markets. Enterprise Trustees Ltd the Group’s pensions subsidiary reported profit after tax of of GH¢206K in 2014 as against a loss of GH¢2.14m in 2013.
 

Speaking to the media, Group CEO, Keli Gadzekpo assured all clients and shareholders that the Group and its subsidiaries were adapting to the demands of the changing business environments in their various markets. On the recent flood and fire disaster in Accra, he said “Enterprise will stand by its clients that have suffered losses because that is why we are in business, As Ghana’s leading and oldest insurer it is by supporting our clients that we have survived over 90 years. In the coming days Enterprise will make very significant contributions to the Korle-Bu Teaching Hospital as well as the 37 military hospital, as we look to touch lives in these trying times”
 

Mr. Gadzekpo assured both shareholders and clients that the Group and all its subsidiaries were strongly positioned for the future in every market we operate in.
 

H. E. Mrs.  Margaret Clarke-Kwesie and Mr George Otoo were re-elected by the shareholders as Directors of the company at the Annual General Meeting.

Enterprise Extends Its Partnership with the Sanlam Group of South Africa

Enterprise Group Limited has sold a 40% minority stake in its subsidiary Enterprise Insurance Company Limited, to Sanlam Emerging Marke...

news Enterprise Extends Its Partnership with the Sanlam Group of South Africa

Enterprise Group Limited has sold a 40% minority stake in its subsidiary Enterprise Insurance Company Limited, to Sanlam Emerging Markets Proprietary Limited of South Africa (“Sanlam”), subject to regulatory approvals. 

 

Sanlam is an existing shareholder in two other companies within Enterprise Group: Enterprise Life Assurance Company Limited and Enterprise Trustees Limited.  The 13-year old partnership between Enterprise Group and Sanlam has been mutually beneficial and very successful, and it is expected that bringing Sanlam into the general insurance business will enhance the Group’s operations as a market leader in Ghana’s insurance industry.

 

Kwame Ofori, Executive Director of Enterprise Insurance says that “Sanlam’s interest in Enterprise  is a confirmation of what we have known all along - that Enterprise Insurance is a truly great Company. The track record of Sanlam within the Enterprise Group gives us great hope for the future”

 

Ernestina Abeh, General Manager Operations, says “The involvement of Sanlam will greatly enhance our prospects for Global businesses. Our aim to be No 1 is truly within reach”.

 

Phyllis Woode-Nartey, Head, Business Development & Communications saysWe believe that this partnership ushers in an exciting era for this company as we benefit from an infusion of new ideas, new skills and a fresh new outlook. We look forward to great times ahead”.

 

Alexander Ahenkorah- Anane, Head, Finance says “The partnership presents a strong financial buffer for the company, once again setting us ahead of the competition”.

 

Keli Gadzekpo, CEO of Enterprise Group, says “we are delighted with this opportunity to further strengthen our relationship with Sanlam. No doubt our shareholders will also be pleased with the increase in the Group’s cash reserves and what this transaction means for our ambitious growth strategy”.

 

From the Human Resource perspective, the opportunities for employee development are enormous.  This is certainly a great time to be an employee of Enterprise.

 

Sanlam is a fully diversified financial services business with operations in countries across the Continent including Botswana, Namibia, Malawi, Kenya, Tanzania, Rwanda, Zambia, Ghana, Nigeria, Uganda and Swaziland. 

 

Enterprise Group retains 60% majority shareholding in Enterprise Insurance Company Limited.

 
We Are the Insurance Company of the Year

In a ceremony held at the  Banquet Hall in Accra on 18th October 2014, Enterprise Insurance was crowned the Insurance C...

news We Are the Insurance Company of the Year

In a ceremony held at the  Banquet Hall in Accra on 18th October 2014, Enterprise Insurance was crowned the Insurance Company of the Year 2013, by the Chartered Institute of Marketing, Ghana (CIMG).  Enterprise Life was also awarded the Insurance Company of the year, Life.

 

We are in great company with Brands that we insure such as  Unilever, Total, Interplast, Opportunity International, Fidelity Bank, Mechanical Lloyd, Yoks Investment all of whom also received awards.

 

Indeed, Birds of the same feather flock together!

 

Our hard work has been recognized, Our pushing the limits of our trade has been independently endorsed!

 

Congratulations to you our cherished clients and stakeholders. You made this happen by God’s Grace!

Enterprise Group Limited Donates to the Forensic Department of the Ghana Police

Enterprise Group Limited, on 6th August 2014, donated an amount of Ghc 14,039.02 to the Forensics Department of the Ghana Police Servic...

news Enterprise Group Limited Donates to the Forensic Department of the Ghana Police

Enterprise Group Limited, on 6th August 2014, donated an amount of Ghc 14,039.02 to the Forensics Department of the Ghana Police Service.

The donation was in response to a request for assistance from the Forensics department with regard to training costs for some of its key personnel. In making the presentation, The Head of Business Development, Communications and Sales, Mrs Woode-Nartey stated that the donation was in recognition of the Department’s need for continuous skills upgrade to keep up with the increasingly sophisticated nature of crime. Mrs Amma Ansah, the General Manager for Human Resource Development for Enterprise Group explained that even though most of the company’s corporate social responsibility activities were in the areas of child education and health, the company had seen fit to make an exception in this case because of growing public concern about crime in general.  

The Enterprise team made up of Mrs. Amma Ansah, Mrs. Phyllis Woode-Nartey, Osman Abudu, Head of Claims Department, Osman Tankari, Head of Forensic Department and Alex Baah Inkoom, HR Business Partner for Enterprise Life were taken on a tour of the department’s facilities by representatives from the Forensic Department, namely Chief Superintendent David A Adjem, Chief Inspector Richard Quarshie, Deputy Superintendent Godwin  Lavoe, Deputy Superintendent Kofi Abban and Deputy Superintendent Mercy Agyapong. The Enterprise Team described the tour as “extremely fascinating and enlightening”.

Receiving the donation on behalf of the Forensics Department, The Director of the Forensic Laboratory, Chief Superintendent David A. Adjem expressed his deep gratitude to Enterprise and its subsidiaries and assured the company that the money would be used for the intended purpose. He called on all corporate bodies to emulate the example set by Enterprise.


George Otoo to Retire as Enterprise Group CEO Keli Gadzekpo named as his successor

news George Otoo to Retire as Enterprise Group CEO Keli Gadzekpo named as his successor

George Otoo to Retire as Enterprise Group CEO
Keli Gadzekpo named as his successor

19 March 2014, Accra:
 

Enterprise Group (GSE: EGL) announces that Group Executive, George Otoo, will retire at the end of May 2014. He will be succeeded by Keli Gadzekpo who has served on the Board as a Non-Executive Director for 16 years. He is a co-founder and Chief Executive of the financial services firm, Databank from where he joins Enterprise.
 

George Otoo joined Enterprise in 1981, served for several years in various capacities and then was appointed Managing Director of the Company in 1999. His tenure at Enterprise has been characterized by rapid top line growth, bottom line profitability and diversification. Under his direction, Enterprise Insurance underwent extensive re-engineering and expansion.
 

Two years into his roles as MD, he oversaw the formation of Enterprise Life in conjunction with the IFC (division of the World Bank) and African Life (now Sanlam JSE: SLM). Enterprise Life is today the second largest life insurance company in Ghana and has been ranked number 1 in financial services for the last three years by the Ghana Investment Promotion Council (GIPC).
 

In 2010, Enterprise Group replaced Enterprise Insurance Company on the Ghana Stock Exchange in a reorganization led by George Otoo that created a new holding company structure. The new holding company and subsidiary structure provides the scope to pursue investments and expansion into new areas of profitable business.
 

Enterprise Group has since continued to diversify into adjacent areas, creating two other subsidiaries, Enterprise Trustees, a pension’s administrator and Enterprise Properties, a real estate developer.
 

Keli Gadzekpo takes on the mantle of CEO of Enterprise Group at a point in its 90 years history when it has the largest market capitalization of any insurance group in Ghana (GHS 306.8m). in September 2013, a report published by the Ghana Stock Exchange named Enterprise Group the top performing stock by value.

Commenting on the news of his retirement, George Otoo said, “it has been a privilege to have led Enterprise Group for the last 15 years, directing the business at such an exciting period in its development and in response to the opportunities that the market has presented. I look forward to continuing to put my knowledge of the sector to work as I step back from the day-to-day business of the company to take up my seat on the board, with the new mandate of a Non-Executive Director.”
 

Chairman of the Enterprise, Trevor Trefgame added, “The CEO succession process was rigorous, including domestic and international, internal and external candidates. After an extensive search, we are pleased to have found the best successor for George Otoo, in the person of Keli Gadzekpo, who, thanks to his long board tenure with Enterprise Group is able to provide seamless continuity for our strategy. Keli’s knowledge of business, sector experience and admirable track record will ensure that Enterprise Group is able to continue its commitment to excel I everything it does while renewing its determination to grasp business opportunities”.


About Enterprise Group

Enterprise Group (GSE: EGL) is a financial services company comprising five operating companies; Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Enterprise Funeral Services. Enterprise Insurance is Ghana’s oldest insurance company founded 90 years ago. That company was restructured to 2010 to increase its scope for growth and the current Enterprise Group was listed on the Ghana Stock Exchange. Headquartered in Accra, Ghana, Enterprise Group also has operations in the Gambia.


 

Download press release


For Media Enquiries please contact:
Phyllis Woode-Nartey
Phyllis.woode-nartey@enterprisegroup.com.gh
0302 666 856-8 / 0302 666 847-9

NPRA PUBLIC NOTICE
The National Pensions Regulatory Authority (NPRA) has noted with concern, the ongoing discussion in the media, about the safety of th...
news NPRA PUBLIC NOTICE
The National Pensions Regulatory Authority (NPRA) has noted with concern, the ongoing discussion in the media, about the safety of the 2nd Tier Mandatory Occupational Pension Scheme, lodged at the Bank of Ghana into a Temporary Pension Fund Account (TPFA) and managed by the Authority. The NPRA is engaged with SSNIT who collects the contributions and pays into the TPFA and also FirstBanc Financial Services Limited i.e. the Fund Administrator, who provides data management function and not responsible for managing the funds of the TPFA. The Authority together with SSNIT and FirstBanc Financial Services, have been working closely to validate the data and records to reconcile all contributions made by employers so far, for the necessary auditing to be undertaken. Employers, employees and all NPRA Licensed and Registered Service Providers, are hereby; assured that once the reconciliation and auditing exercise are completed, the transfer of funds from the TPFA would be made to the appropriate custodian banks of the registered schemes. A timetable to the effect of the transfer will be communicated to the appropriate scheme administrators in due course. All Employers are hereby, encouraged to speed up the registration of their 2nd Tier Mandatory Occupational Pension Schemes in order to facilitate the smooth transfer of their contributions from the TPFA.
Enterprise Group presents a Service Revolution: The Horse Invasion

In our quest to offer excellent service to our clients and consolidate our position as the one-stop-shop for financial services, we hav...

news Enterprise Group presents a Service Revolution: The Horse Invasion

In our quest to offer excellent service to our clients and consolidate our position as the one-stop-shop for financial services, we have reorganized and redefined our identity. Building on our success in the general and life insurance fields, we have branched out into Pensions Trustees and

Real Estate industries, and we are set to enter even more spheres of operation.With our roots entrenched in reliability and remarkable track record of excellent service delivery, we have a unique advantage in the services industry and it is this advantage we seek to share with all those who come into contact with us. Following the re-organization we shall no more be known as EIC, ELAC , EPL and ETL, we have become:

    Enterprise Insurance (General Business Insurers)
    Enterprise Life (Life Insurers)
    Enterprise Trustees (Pensions Management)
    Enterprise Properties (Real Estate Developers and Investments)
    Enterprise Funeral Services [Funeral; burial and related services]

As a united force seeking to provide an advantage to your livelihoods, our Vision and Mission statements have evolved to reflect our time-honoured Values and will define us from today. Our new Vision, Mission and Values are thus:
Vision – "In all our markets, our pedigree will be recognized, our strength respected, our expertise valued and our solutions sought by ALL who desire an advantage in life". Mission - "We provide all who come into contact with us their desired advantage... because we are the best at what we do!" Values - Friendliness, Trust, Reliability, Excellence and Professionalism. Recently awarded Superbrand status, the personality of the Enterprise Group is the "Thoroughbred" The Thoroughbred is a breed of horse best known for its agility, speed and spirit. It is a horse of outstanding pedigree with an inherent disposition to be the best.

Akin to our Equus Caballus doppelganger, we are born of outstanding parentage, excellence is simply our nature. Our pedigree endows us with sheer power and muscle and it is that which drives us to deliver the quality service and solutions our stakeholders desire and have come to expect of Brand Enterprise.

Contact Detailss
OFFICE LOCATIONS/ADDRESSES
Kumasi office
Former Ghana Telecom University opposite Melcom Ahodwo
P. O. Box 1000, Adum, Kumasi
Tel: (+233) 572-953-669
Email: info.trustees@enterprisegroup.com.gh
Website: www.enterprisegroup.com.gh
 
Takoradi office
SSNIT House (Near Central Police Station)
P. O. Box TD 500
Takoradi
Tel: (+233) 501454474
Email: info.trustees@enterprisegroup.com.gh
Website: www.enterprisegroup.com.gh
 

Temale Office
Opposite Las Hotel, Hospital Road
Tamale
P. O. Box 895
Tel: (+233) 501454475
Email: info.trustees@enterprisegroup.com.gh
Website: www.enterprisegroup.com.gh

 

 

PHYSICAL ADDRESS
5th Floor
Enterprise House
No. 11 J.E. Atta Mills High Street
Accra
POSTAL ADDRESS
Private Mail Bag GPO
Accra
CONTACT DETAILS
Call Centre Hotline: +233 302 634 704
Tel:  +233 302 634787
Email: corporaterelations.trustees@enterprisegroup.com.gh
Website: www.enterprisegroup.net.gh
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