Press Releases

NDK Appoints New Board Chairman

Effective 1st January, 2013, the management and directors of NDK Financial Services Ltd has appointed Mr. Richard Kofi Akpokavie as the new Board Chairman. Richard is a product of Achimota School, the University of Ghana-Legon and the Ghana Law School. He holds the LLB and BL qualification. Richard has been a private Legal practitioner since the year 2000. He is currently the Managing Partner of A. Ossei  Aidooh & Co. a reputable legal firm based in Tema. Richard holds many Directorship positions including; Board Member, Tema Development Corporation. He is also a Member of the Institute of Directors. Richard has been a Director of NDK Financial Services since 2005 and has served in various capacities including Chairman of the Audit Sub-Committee of the Board of NDK. Richard is an agile sportsman. He played for the National Hockey Team and also participated in numerous Continental as well as International Hockey Tournaments. He was for a long time a Member of the Ghana Hockey Association and has been the Vice President of the Ghana Hockey Association since 2003. Richard is currently the secretary General of the Ghana Olympic Committee. At the International Level, Richard serves as the African Representative on the International Hockey Rules Board. He continues to serve on various Committees of the African Hockey Federation including being a member of the Technical as well as Events and Competitions Committee. Richard’s rich experience in Law and his long association with NDK has surely given him an advantage which will help him steer the affairs of NDK to new heights. The Board, Management and Staff of NDK welcome Richard and pray for God’s guidance in the discharge of his duties as the new Chairman. read more

The New NDK Head Office

Following the expansion of its customer-base and the growing demand to meet the ever-increasing customer needs, NDK Financial Services, a specialist finance house with creative approach to providing financial services, has relocated to an ultra-modern facility opposite the Accra Sports Stadium. Located a few metres away from its former facility near the Osu Cemetery Traffic light, the six storey with state of the art facilities, is meant to give the company a new facelift in the industry and also give customers the warmth and comfort they require. Constructed by Italian construction giants, Michellite, the new facility was commissioned on December 20, 2011, at the forecourt of the now ‘Onanye Aba House’ before some big wigs in the industry. The ceremony attracted mainly friends of the owner, Oko Nikoi Dzani, the Winneba Youth Choir and one of the country’s revered men of God, EastWood Anaba, in an atmosphere of praise and worship. NDK, one of the leading non financial institutions in the country, covers from gap loans, to warehousing, to SME financing but without the hustle and confusion. Indeed, NDK is the first company in the Finance House category of the NON-Banking Services industry in Ghana and began operations in 1991, from a rented property at Kingsway Mall in Accra, prior to the enhancement of the Financial Institutions (Non-Banking Law) of 1993- PNDC 328. The Head of Marketing of NDK, Mr Tony Quaye, told he media the company was committed to providing quality service which is the cornerstone of the business operations of the company. ‘Our excellence in the industry explains why both small and large businesses as well as individuals are comfortable working with us,’ Mr Quaye said. read more

Breaking News, NDK Financial Services is now in TEMA!

Mr. Oko NiKoi Dzani, Chief Executive Officer of NDK

NDK Financial Service has commissioned a new branch in Tema to serve corporate clients, importers, exporters and individuals interested in investments and personal loans. Staff of the company took Tema by storm Monday morning, with a float through the principal streets of the industrial city to outdoor their new branch office, off Meridian Road in Tema, Community Two. The plush Tema branch building is adjoined by three warehouses, each measuring 1,880 square meters, also owned by NDK for the purposes of providing warehousing services to customers, and non-customer importers and exporters. Chief Executive Officer of NDK, Mr. Oko NiKoi Dzani told journalists the move to Tema was because NDK had lots of its corporate clients either based in Tema or operating a great chunk of their businesses from Tema. He said moreover, “there are lots of businesses in Tema, the ports are booming both here and Takoradi – the oil find has increased the volume of business here and we want be part of the growth.” Mr. Dzani said lending had always been the core business of NDK and they would continue with that plus a fall back on their warehousing services, which would enable them provide proper security for the businesses they finance. He noted that the warehousing facility gave NDK an advantage over competition because it assured the customer of competitive charges. “Moreover our interest rates are just little bit higher than the banks because we borrow from the banks but there are no overhead charges so it makes ours very competitive,” he added. The Tema Branch Manager, Crispina Crankson said the branch would begin with loans and investment opportunities for persons and companies who want to invest their moneys in a viable business. She said we have a staff of 22 manning a credit department, accounts department and an investment department for starters. Crispina Crankson assured customers and prospective customers that NDK would remain a listening institution and also support customers to make strategic investments in order to grow their businesses. “NDK is not in the practice of chasing customers to the extent of selling their properties to defray debt, but we rather help our customers with sound financial and investment advice so they can make profit for both of our businesses to go on,” she said. Dr. H.A.K. Wampah, Deputy Governor of the Bank of Ghana, who cut the tape to commission the new office, lauded NDK for exceeding the 2012 minimum capital requirement for non-banking financial institution. He noted that the minimum capital requirement for 2011 was GHS4 million cedis and that for 2012 was pegged at GHS7 million, but NDK had already deposited GHS9.8 million with the BOG, which gave it the strength to manage risks better and remain solvent. “It is my hope that other financial houses in the country will meet the revised statutory minimum capital before the deadline,” he said. Dr. Wampah also lauded NDK for its corporate social responsibility contributions to the development of health, education and sports sectors of the economy, mentioning its support for breast cancer patients, scholarships for schools in Osu and support for hockey. He however charged NDK and other financial institutions to avoid high performing loans with the potential of eroding capital base, high cost/income ratio which adversely affects profits, adopt standard know your customer (KYC) practices through due diligence, and uphold the principle of transparency. Dr. Nii Amo Darko, a Member of the Council State urged the staff to be honest with customers, and urged customers to also be committed to paying back their loans. read more