Kosmos Energy Ghana HC, a wholly owned subsidiary of Kosmos Energy Limited, has announced the creation of an independent advisory council to enhance the company’s ability to support Ghana’s needs as a developing economy.
A news release issued by the company in Accra said, “by listening to the advice and insights of respected business leaders, Kosmos is preparing to play a more active role to help Ghana reach its full potential.”
The release said the creation of the independent advisory council confirmed Kosmos’ long-term commitment to Ghana and support for its business interests and that the council was also for the benefit of both Ghanaian society and Kosmos’ shareholders.
Members of the new advisory council include Philippe Ayivor, a retired executive of The Coca-Cola Company; Felix Addo, Country Senior Partner of PricewaterhouseCoopers Ghana; Seth Kwasi Dei, Founder of Leasafric and Blue Skies Ghana Limited and Ishmael E. Yamson, non-executive Chairman of Unilever Ghana Limited and Standard Chartered Bank Ghana Limited and former Chairman of Ghana Investment Promotion Centre (GIPC).
Speaking on the formation of the advisory council, Ken Keag, Vice President and Country Manager of Kosmos Energy Ghana, said, “We are pleased to have such respected business leaders join our council of advisors. Their individual and collective knowledge and experience will add great strategic insight to Kosmos’ work in Ghana as we celebrate 10 years of success and look toward an even brighter future.”
Expression of support
Sharing their thoughts on the formation of the council, Philippe Ayivor said, “International companies working in Ghana have a role to play in helping the country reach its full potential. Kosmos believes in our future and recognises that its success is tied to Ghana’s overall prosperity. I am pleased to be a part of their advisory council.”
Felix Addo said, “It is reassuring to see a global SEC registrant reaffirm its commitment to Ghana and devote significant resources in creating and realising a shared agenda that is mutually beneficial to both company and country.”
For Seth Kwasi Dei, “Job creation and broad economic development are the best legacies that a company can give to its host country. After 10 years of investment in Ghana, Kosmos continues to increase its level of engagement and wants to be a part of creating our country’s future. With my business background and expertise, I support their efforts.”
Ishmael E. Yamson was of the view that “Kosmos has a healthy and realistic understanding that its continued success is linked to the promise of Ghana’s future. The creation of an independent advisory council is a strong signal that Kosmos takes this matter seriously and wants to better understand local perspectives, challenges, and opportunities.”
Members of the Council
Philippe Ayivor is a retired executive of The Coca-Cola Company where he spent close to 30 years leading various functions across the company. For a decade, he was the general manager charged with delivering Coca-Cola’s business growth objectives for 13 countries in West and Central Africa.
Prior to his retirement, he became the public face of Coca-Cola in nine countries in West Africa and a representative of The Coca-Cola Africa Foundation in North and West Africa, with responsibility for enhancing the company’s social license to operate.
Felix Addo, Country Senior Partner of PricewaterhouseCoopers Ghana, has more than 25 years of practice and consulting experience in corporate finance and recovery, financial and forensic auditing, organisational restructuring and performance improvement in both developed and developing economies.
During his notable career, Mr Addo has worked on a number of important projects, including the privatisation of Ashanti Gold Fields Limited and Ghana Commercial Bank, and served as the transaction advisor to the Government of Ghana on the acquisition of VALCO.
He is currently a director of the Ghana American Chamber of Commerce and president of the Ghana Association of Restructuring and Insolvency Advisors.
Seth Kwasi Dei, Founder of Leasafric and Blue Skies Ghana Limited, is one of Ghana’s most successful investors, with shares in multiple businesses in leasing, insurance, pharmaceutical manufacturing, fruit processing and marketing.
He began his career working for a leasing company in New York and Abidjan, Cote d’Ivoire. He later served as senior vice president in charge of the company’s operations in six francophone countries in West Africa.
Ishmael E. Yamson is a seasoned and well-known corporate executive in Ghana. He joined Unilever Ghana in 1966 from the University of Ghana and worked in the company for 38 years in various capacities, including the last 18 years as Chairman and Chief Executive Officer.
During that period, he restructured the company and set it on a path of sustained growth for more than 15 years. Dr Yamson has also been deeply involved in the development of Ghana’s private sector, having played key roles in various associations, including Ghana Chamber of Commerce, Executive Board of the International Chambers of Commerce, Ghana Employers’ Association and Ghana Private Enterprise Foundation.