NewsWest AfricaMerger brings Mazars to Ghana


Posted on Wednesday, 28 August 2013 10:21

Merger brings Mazars to Ghana

By Lawrence Quartey

Keith Savile performing the launch in Accra/Photo©Lawrence QuarteyMazars, Seventh largest accountancy firm operating in Africa, has officially introduced its brand presence in Ghana, following a successful merger with a local private company, to deliver world class accounting services for the rapidly developing Ghanaian economy.


ET Akonor and Co, the local firm, was selected for the partnership after meeting professional standards conducted through a quality control review process that Mazars requires.

"...I believe ET Akonor and Co and Mazars, as we have launched as Mazars in Ghana, have a golden opportunity to ... assist in establishing the good governance that will be necessary, as Ghana seeks to make the most of the opportunity that oil and other industries have brought," Keith Savile, Mazars' partnership and international secretary, said at the launch on Tuesday in Accra.

Ghana was overwhelmingly voted by the Mazars Group of Partners in France to start Mazars Ghana

Although, there will not be any change in terms of personnel in ET Akonor and Co, Savile counted a number of benefits, which include professional resources from Mazars, highly advanced systems for delivering services for public interest entities, including multinationals, government departments, parastatals and development agencies.

Mazars Group training resources will also be available to Mazars Ghana, as well as its sector expertise in a wide range of industries and professions, especially in banking and insurance.

"We believe we have unique experience outside the Big Four in banking," Savile said.

Mazars, based in France, has currently been appointed by the European Commission to act as monitoring trustee in respect of banks that have received state aid in the UK, Ireland and Greece.

Savile added that Mazars Ghana now would have international coverage under the Mazars Group of partners across the 71 countries it currently operates in and also from its development resources.

Nigeria took the lead in welcoming Mazars in Anglophone West Africa recently, but Savile said the Group considered Ghana as a very important step in the Africa region to expand into the non-Francophone states.

Already, he said, ET Akonor and Co had experience of servicing clients in Burkina Faso, Gambia, Liberia and Sierra Leone, adding "but together with the experience of ET Akonor and Co and the resources of Mazars, we will seek to develop the firm in Ghana and a permanent local base in those other countries".

ET Akonor and Co's relationship with Mazars dates back to the 2007, when Ernest Toah Akonor Junior, now Senior Partner (Mazars Ghana), said it brought much growth and prospects for the company.

"The year 2011 marked a turning point in the life of ET Akonor and Co when Ghana was overwhelmingly voted by the Mazars Group of Partners in France to start Mazars Ghana," he said.

Under Mazars' unique integrated partnership, each partner across the world takes part in the group's decision making and therefore, has a vote with all other partners on all important issues.

Mazars Ghana now has skill in accounting, auditing, tax and regulatory and compliance matters to provide a seamless, high quality partner-led services to clients.

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