2 October 2019
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    NDK Financial Services Limited, the leading non-banking financial institution in Ghana, emerged winners of the 2018 Chartered Institute of Marketing Ghana (CIMG) (Finance House category) at the Marketing Performance Awards held in Accra last Friday. The CIMG Awards, which is in its 30th year, is the leading and prestigious national awards that recognize excellence in strategic marketing in Ghana.

    A citation accompanying the award states in part, You are being celebrated today because you learned to live through what many others thought would destroy your very existence. You continue to provide stakeholder satisfaction per your offer of tailored lending and
    investment solutions that meet the exact needs of your numerous clientele.

    Your ability to base your efforts on insights, deduced from consumers remains your hallmark and your evaluators believe you can go far with this Unique Selling Proposition (USP) .

    Commenting on the award, the Deputy Managing Director of NDK, Mrs Kuorkor Ayisa indicated that years of investment in the human resource base and technology have significantly contributed to the success of the company.

    She expressed appreciation to clients and staff for believing in the company in the 28 years of its existence.


    Event Video and Photos Below:







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    5 October 2017
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    NDK Financial Services has partnered with The Well Woman Clinic under The Trust Hospital, to create awareness on breast cancer, its detection and treatment, in this year’s Pink October.

    Speaking at the launch which was held at The Well Woman Clinic in Adentan, Mrs. Kuorkor Ayisa, the Deputy Managing Director of NDK Financial Services Limited explained that NDK was not only interested in giving loans and making investments for their clients but was interested in contributing to the total health and well-being of their staff and customers.

    “We are inspired by the results of last year’s fruitful partnership which enabled us screen about 1,250 women in Accra. It is with this success that we aspire to screen about 3000 participants before the end of the campaign. Through the screening programs, we aim to encourage people to talk about breast cancer, to seek early detection and to embrace its treatment. Through these screening programmes, we hope to reduce the number of breast cancer cases in Ghana,” she stated.

    At the launch, it was revealed that as part of the activities, there will be talks and screening programs as scheduled:

    Days: Date: Venue:

    • Tuesday 3rd October 2017 Trust Clinic – Adenta
    • Wednesday 11th October 2017 Adenta Shopping Mall – Adenta Housing Down
    • Friday 13th October 2017 NDK Financial Services – Osu, Accra
    • Wednesday 18th October 2017 Mensah Sarbah Hall – University of Ghana
    • Wednesday 25th October 2017 NDK Financial Services – Tema Branch

    Mrs. Ayisa thanked The Trust Hospital for continuing the breast cancer awareness campaign and reiterated NDK’s support for such a worthy cause.

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  • NDK Receives Trophy from Its Hockey Teams

    27 October 2016
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    ndk-hockey-team-34The winners of the BEIGE Capital Knock-Out (KO) hockey competitions, the NDK Financiers Seniors’ and Junior Hockey clubs last Thursday presented their respective trophies to the management of their owners, NDK Financial Services at their offices in Accra.

    The Senior Team lifted the glittering trophy last Saturday at the Theodosiah Okoh Hockey Stadium after completing a clean sweep in three consecutive matches. The NDK sponsored side breezed past Multitix 3-0, before thrashing Veterans 5-0, while they defeated Citizens International 1-0 in the final game.

    Their Junior Team also made a comfortable run to their title, defeating Tema Youth and Tema Manhean 2-0 respectively to lift their trophy.

    At the presentation ceremony, Derrick Tamakloe, the Treasurer of the NDK Financiers Hockey Club, expressed gratitude to the management of the company for their support and pledged that the club would perform even better next year.

    The Deputy Managing Director of NDK Financial Services, Mrs. Kuorkor Ayisa, congratulated the two teams for their stellar displays and achievements during the competition.

    She added that NDK is committed to the development of hockey and is working towards establishing a female club for their hockey team.

    According to her NDK, since the 1990s, has been supporting national hockey teams and the youth in the sport.

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    14 October 2016
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    ndk-38Trust Hospital, in partnership with NDK Financial Services, is organising a free breast cancer screening for women. The screening is part of a breast cancer awareness campaign programme dubbed ‘The Pink October’.

    As part of the campaign, the hospital in partnership with NDK is also embarking on a month-long education on causes, risk factors, diagnosis, management and prevention and early detection measures against breast cancer.

    Activities lined up include educational talk on October 12 with market women at Osu and a free breast cancer screening.

    On October 17, the team will move to Dansoman for a free screening and counselling and on October 19, staff of NDK  and the people of Osu would also benefit from the screening.

    On October 26, the team will move to Tema.

    Dr Darius Osei, General Manager, Medical Trust Hospital, said about 5,000 women are expected to be screened by the hospital at the end of the programme.

    He said the focus of the hospital has always been preventive care, which they intend to pursue, stating, “We owe it a duty to our staff and clients to create the needed awareness in the communities they operate in.”


    Dr Osei commended the management of NDK Financial Services for their partnership to create awareness on the dangers of breast cancer among women.


    Kuorkor Ayisa, Deputy Managing Director, NDK Financial Services, said the partnership would put more emphasis on women health.

    She said according to the World Health Organisation (WHO), despite the number of successes chalked by women over the past few decades, women still face many health challenges, and it is their duty to address some of them. The deputy director said breast cancer is one of the two most common cancers affecting women and early detection is key to keeping women alive and healthy. “It is for this reason that the management of NDK did not hesitate to bear the full cost when the Trust Hospital approached them,” she said.


    Mrs Ayisa said the support forms part of NDK Foundation’s corporate social responsibility.


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    11 October 2016
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    NDK has challenged Small and Medium Enterprises (SMEs) to invest in personnel with the right skills set for their operations.

    According to the Deputy Managing Director, Mrs. Kuorkor Ayisa, this is key for enterprises that want to expand and generate more profit.

    She explained that challenges hampering the growth of SMEs go beyond poor record keeping.

    “Apart from poor record keeping, there is also a challenge with staff as there is a skills gap. Sometimes the people they expect to have or think they have are not necessarily competent,” she said.

    “So what you need in terms of skill is not available. Sometimes it’s the willingness to pay. SMEs must be willing to pay for the expertise but it’s important to pay for the expertise and professionalism so the business can grow” she explained.

    She was addressing participants at a seminar organized by NDK for SME’s – as part of activities to mark the company’s silver jubilee celebrations.

    The seminar was held at the company’s head office at Omanye Aba building at Osu in Accra. It was on the topic “Positioning your Business for Investments and Succession”

    Facilitator for the event, D.N.O Sackey, Managing Consultant of Ephesus Consulting also emphasized the need for SME operators to separate company’s finances from their personal expenditure.

    “A very fundamental weakness among SMEs is that, in many cases, the owners are not able to separate their persons from their business. Therefore, you find out that in many cases the business assets or resources are being applied to personal use,” he said.

    “It is important for SME operators to understand that once you establish a business it becomes a separate entity and therefore you pay yourself from the business and let the business run on its own steam – that way accountability becomes obvious” he noted.


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    29 July 2016
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    _AP16039 - Copy copy

    On Thursday 21st July 2016, NDK held its 25th Anniversary Lecture and CSR Foundation Launch at the Alisa Hotel in Accra. Mr. Anis Haffar chaired the event and Professor Ernest Aryeetey, the Guest Speaker, gave a lecture on the theme ‘The Politics of Educational Reforms in Ghana’.

    Speaking at the 25th Anniversary Lecture in Accra, Prof Aryeetey said in principle, he is not opposed to the conversion but believes government cannot solve any problem simply by converting the polytechnics into universities.

    “Do you solve the problem by re-designating them?” he asked, adding, “Everybody knows polytechnics are poorly equipped and if you have not provided those things and you change their names you have not solved anything.”

    Drawing a distinction between universities and polytechnics, he said universities are there to generate ideas for the polytechnics to convert them into skills and not the other way round.

    “When you turn polytechnics into university you are saying basically ‘spend more time doing research and generate ideas’, he said.

    According to Prof Aryeetey, that is the last thing the country would want to do.

    He said this way of addressing issues in the country has left the society in a more precarious situation than it was.

    He called for the reform of the Ghana Education Service (GES). According to him, this could only be achieved if government allowed for wider public debate or discussion into restructuring of the GES to make the education system work effectively.

    NDK used the occasion to launch its Corporate Social Responsibility Foundation aimed at aiding and promoting sports, health and education in the country.

    The Foundation whose activities shall solely be funded by NDK has the overall responsibility for identifying the viable projects/programs of NDK’s CSR Activities which falls within the areas such as:

    Education with focus on infrastructural development in the educational sector and establishment of scholarship schemes to assist needy but brilliant students.

    Health with focus on infrastructural development in the health sector and assisting with specific health needs of identified individuals and

    Sports with focus on hockey and the development of infrastructural needs related thereto.

    To ensure smooth running of the Foundation, Mr. Oko-Nikoi Dzani, Managing Director of NDK has presented a cheque of two-million Ghana cedis (2.000.000) to a six-member board of trustees elected into office to steer the affairs of the Foundation.

    The six-member board of trustees led by Professor Ellen Bortei-Doku Aryeetey of the Centre for Social Policy Studies (CSPS), Chairman of the Foundation Board of Trustees, Mr. Kwame Essah, Marketing and Sports Management Expert, MS. Kuorkor Dzani, Deputy Managing Director, NDK, Mr. Stephen Ntiri, Divisional Head of Finance, NDK , Dr. Lawrence Sereboe, Director of the National Cardiothoracic Centre and Mr. D.N.O Sackey, Board Member of NDK Financial Services.


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    13 July 2016
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    On Thursday, 30th June 2016, the staff members of NDK Financial Services were thrilled to a fun-filled movie night.

    The event was to educate staff members on the core values of the company, which are Integrity, Professionalism, Innovation, Customer Focus and Teamwork

    The feature film for the night was Flight of the Phoenix, an interesting and gripping tale of a group of people who had to put their differences aside to work together following an unfortunate situation.

    Staff members identified all five of the core values of NDK Financial Services and were given the opportunity to voice out their suggestions on how to put what they learned into practice.

    The Movie Night was part of the activities lined up for NDK’s 25th Anniversary internal celebrations that are geared towards enhancing productivity in the workplace and improving organizational relations amongst staff members of the company.


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  • AU DAY

    3 June 2016
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    NDK staff representing their rich culture copy

    As part of its year-long 25th Anniversary Celebrations, NDK Financial Services Limited held an all Ghanaian Traditional Attire  day last week to mark the celebration of this year’s African Union (AU) Day.

    With its entire working staff clad in a traditional attire, management and staff gathered together to share stories about their various attires and about their histories.

    Celebrated playwright Uncle Ebo Whyte was present to share words of motivation with the gathering, entreating them to move beyond the culture of only thinking about themselves and wear the lens of a patriot.

    He also told staff that the world runs on values and not money, calling on them to serve well, working together to ensure that at the end of the day, it is the team that wins.

    Managing Director of NDK, Mr. Oko Nikoi-Dzani thanked his workers for buying into his vision and in their own small ways, helping to make the company, Ghana and the entire continent a better place.


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  • Launch of 25 years of operations

    13 April 2016
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    Leading finance house, NDK Financial Services Limited is focusing on deepening its operations as a finance house rather than evolving into a universal bank.

    The company is celebrating 25 years of operations in the country and says it has no plans of becoming a bank. According to the founder, Oko-Nikoi Dzani, the company has as a policy decided to remain a finance house.

    “We have over the years remained a lending institution and we think we are comfortable. Remember that, there is a thin line between what we do and that of banks. So there is no need to move into banking. We don’t have any disadvantage as a finance house” he said.

    Speaking at the 25th Anniversary launch, Deputy Governor of the Bank of Ghana, Millison Narh said the Central Bank would soon issue a number of guidelines and directives in the areas of Risk Management and Corporate Governance among others to enhance regulation in the financial sector.

    He added, the bank is also working to pass key laws to achieve this goal.

    “The Bank of Ghana is also revising the Banking Act and soon the new Banks and Specialized Deposit Institutions (SDI) Bill would be passed into law to address the identified gaps in the existing Act. The Deposit Protection Bill is also about to be passed by parliament to provide protection for small savers by way of a better framework for dealing with these companies that are going down” he said.

    He also lauded the company for its contribution to the country’s financial sector by way of customer satisfaction. NDK Financial Services Limited began operations from the old Kingsway building on the Kwame Nkrumah Avenue at the time when Non-Bank Financial Institutions were not under any formal regulation.

    It currently has two branches – one in Accra and the other in Tema. The founder, Oko-Nikoi Dzani, said the company is targeting to expand its operations.

    “We intend moving to Takoradi but again, you want to consolidate your gains before and so we are not in a hurry. Even though we are in Accra, that is not to say that we cannot do business in Takoradi. For instance, we’re financing transactions in the oil and gas industry and also building terminals and warehouses for customers who operate from Takoradi” he said.

    With a total asset base of over 500 million Ghana cedis, the company has financially supported businesses and projects across all sectors in its 25 years of operations – including irrigation project in the Northern Region, Pharmaceuticals Importation to Korle-bu Teaching Hospital, Real Estate –  Gated Communities of Manet, Devtraco, Road Construction and Fishing – Importation of fish.

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  • NDK Asset Management Limited Launches Aggregate Bond Index

    12 August 2013
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    Accra (6th August 2013): NDK Asset Management, one of Ghana’s indigenous and largest institutional asset manager, announced today the launch of an aggregate bond index designed to provide information on secondary trading for publicly issued medium and long terms debt securities. The index aims to track the pricing trend of these securities to provide investors, fund managers, trustees and other stakeholders a benchmark for such investments.
    The NDK Aggregate Bond Index (the “NDK-ABI”) is a broad based index maintained by NDK ASSET MANAGEMENT Limited in collaboration with the Central Securities Depository (CSD) and will be used to track investment grade bonds being traded in Ghana.
    The NDK-ABI is a market capitalization-weighted index, meaning the securities in the index are weighted according to the market size of each bond type. The index is therefore not calculated by simply averaging the price movements of each bond, instead the calculation gives different emphasis or weighting to the different bonds. This weighting is based on the market capitalization of the bond, which is the price of the bond in relation to the volume of bonds in issue or the total market value of all the bonds that are on issue. The larger a particular bond’s market capitalization, the greater the effect a change in price of that security will have on the Index.
    The NDK-ABI includes all publicly issued and actively trading Bonds and Notes till maturity while newly issued instruments are included on the day of issue. The index is computed daily with the available end of trading prices from the CSD or weighted average prices (in case of multiple trading of one paper).
    All actively traded investment grade public bonds in Ghana are represented. The index includes and shall include (if available) all BOG – GOG Treasury securities, Government agency and municipal bonds, Mortgage-backed bonds, Corporate bonds, and Foreign bonds as well as Eurobond traded in Ghana. No private bond will be admitted on the Index. Securities represented on the NDK-ABI should be denominated in Ghana cedis (GHS) or convertible into GHS at the prevailing interbank exchange rate on the day of admission.
    The aim of the Index is to serve as a benchmark for Pension Trustees, Fund Managers, and other stakeholders with respect to investments made in Bonds and Notes. The index will also help to create awareness about secondary trading of such instruments to the general public and ultimately improve liquidity on the market. The index has a long term goal of assisting various corporate entities to know the performance of the bond market in order to inform on decisions to raise debt capital from the market for their respective financial needs. Investors cannot invest directly into the index itself. It is expected that there will be a wide range of index and exchange-traded funds in future that will aim to track the Bond index.
    Collins Appiah, Executive Director, Head of Asset Management at NDK Asset Management said; “The launch of the index is particularly crucial at this stage in the evolution of the Ghanaian financial market, especially as government is increasingly issuing bonds to raise much needed capital for infrastructural development. Additionally, pension trustees have been given the mandate under the pensions act to manage part of the pension scheme. The presence of the NDK-ABI will be a useful tool for the trustees to aid them benchmark their pension funds invested in Bonds and Notes.”
    Senior Portfolio Manager at NDK Asset Management, Mr. John Ofosu Awuku added; “Our track record of exceptional fund management coupled with in-depth expertise in the Ghanaian Financial market has been made evident with the launch of this Index. This reiterates our commitment to provide exceptional support services critical to the investment decisions you make”.
    Research Analyst at NDK Asset Management, Yaw Adu-Koranteng concluded that; “This bond index is the first of many innovations to be launched by NDK Asset Management in the Ghanaian investment terrain with the aim of bringing the financial market close to international standard”.
    NDK Asset Management limited is a premier fund management and investment banking firm, specializing in Capital Market and Money Market Securities trading, Asset Management, Equity Market Research, Pension Advisory and Corporate Finance operations in the financial markets in Ghana, with its parent company, NDK Financial Services, specializing in Loans, Investments and Solutions.
    NDK Asset Management was incorporated in 2010, with the main objective of serving as a one-stop-shop Investment house. Its hallmark is developing tailor-made investment solutions for investors at home and abroad and for individual or institutions alike.
    NDK Asset Management strives to efficiently and effectively serve its clients by helping them grow their assets over the long term, build wealth based on their personal and corporate objectives, all while adding value through proactive asset management.

    No. 001, 28th February Road, Christianborg Osu,
    Opposite the Accra Sports Stadium,
    P.O. Box 3387 Accra. Tel: 0302-218444
    Direct line: 0302-218423
    Fax: 0302-218445.
    Email: asset@ndkfinancialservices.com
    Website: www.ndkassetmanagement.com

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