As part of its massive expansion plan, Ideal Financial Holding, a private equity firm will in 2015 establish an insurance company.

This according to the group Executive Director of Ideal Finance, Charles Arkuh is to be a leading conglomerate in the financial industry in Ghana.

Charles Arkuh disclosed this in an interview during the company's festival of nine lessons and carols at the head office in East Legon.

He indicated that the establishment of the insurance company is to build synergy in the group.

“We now have a Savings and Loans Company’s, Asset Management and a Finance House. So we want to build a one stop shop to provide financial solutions to customers”.

On plans for the other companies, Mr. Arkuh said they will strengthen them by injecting more capital to remain competitive and satisfy their clients.

He indicated that in spite of the macro-economic challenges in the country, Ideal Finance has made the best out of the situation.

Charles Arkuh expressed optimism in the stability of economy especially in the currency which he believes would boost confidence in business.

“In spite of the challenges that we foresee, we have also positioned ourselves to take advantage of the opportunities in the economy” he stated.