Firstrand-backed First National Bank Ghana completed the acquisition of GHL Bank from Actis.

Firstrand-backed First National Bank Ghana, a financial services firm, completed the acquisition of GHL Bank, a commercial bank in Ghana, from Actis, an investor of private capital into global emerging markets. Financial terms were not disclosed. “Plans are well under way to merge the operations of the two banks. We believe that this merger will demonstrate and further cement our commitment to the Ghanaian market. We recognize that the economy is under a lot of pressure as a result of the COVID-19 pandemic but we remain excited about the future of banking in Ghana,” Richard Hudson, First National Bank Ghana CEO.