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PWC partners see mergers
December, 25th 2009

A partner at PriceWaterHouse Coopers, Michael Asiedu Antwi, says it is possible that the younger generation of indigenous entrepreneurs will be more open to mergers and acquisitions.

He says a number of Ghanaian companies are not willing to be acquired or merged largely because of the cultural factor wanting to hold on to their assets.

Speaking to Joy Business, Mr Asiedu Antwi said his organisation had expected a number of mergers when the central bank announced a jump in the minimum capital from GH7 million 60 million.

But as it is turning out to be, the banks appear to be resisting mergers. The partner at Price Water House Coopers was speaking after the firm made some presentations to the Frafraha Orphanage.

Meanwhile, PWC Ghana has adopted the Frafraha Orphanage and has been supporting the centre as well as the basic school attached to it.

Inmates of the home were on Wednesday treated to some meals and presented with items such as bed sheets.

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