CDH and Phoenix to merge

CDH sold its stake in CDH Insurance (now trading as Nsia Ghana) in 2009, as part of the restructuring process of the group. 

A source close to the merger talks said the restructuring process had reached a crucial phase, with the possible merger of CDH and Phoenix.

The Chairman of Phoenix Insurance, Mr Divine Letsa, confirmed the merger negotiations, adding that details would be made available at the right time. 

The Group Chief Executive Officer of CDH Financial Holdings Ltd, Emmanuel Adu-Sarkodee, also confirmed the on-going merger discussions.