DKK Partners targets FX opportunities in Ghana with new office

Sam Nti, who joins as director, will lead the operation at the office in Ghana’s capital, Accra, which will open in Q1 next year

DKK Partners, an emerging markets FX liquidity provider, has opened a hub in Ghana to serve the flourishing African market.  

Sam Nti, who joins as director, will lead the operation at the office in Ghana’s capital, Accra, which will open in Q1 next year. 

The firm offers virtual IBAN accounts allowing customers to access new territories and currencies, as well as emerging market liquidity, real-time pricing, and execution across frontier, emerging and G10 market currencies. 

It has already completed KYC verification for more than 50% its customer base, which includes companies and banks. 

DKK will continue to onboard key importers with a high demand for FX.  

The Bank of Ghana withdrew FX support in certain industries last month, creating space for DKK to capitalise. 

Nti commented: “The Ghanaian market deals immensely in importation and has most of the country’s goods priced in foreign currency and not the local currency.  

“This makes the demand for the foreign currency high, following the Bank of Ghana withdrawing their foreign exchange support to banks and other financial institutions to fund the importation of some goods like rice, vegetable oil and the like.” 

This is the latest growth development from DKK Partners. It recently appointed Bovill as its global compliance partner.  

UK-based DKK was founded in 2020 by Khalid Talukder and Dominic Duru. Its revenues this year were more than £60m, up from £3m the previous year.   

On Nti’s appointment, Duru said: “He brings with him extensive business experience, local market knowledge and skills to further expand our business at a time when FX services are in high demand.” 

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Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.