Ghana

The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.

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Ghana has recorded a total of 214 confirmed cases of Covid-19 and five deaths, out of a global count of 1.34m infections and 74,600 fatalities.

Ghana has raised $3bn as part of a new eurobond issued on February 4. The issuance was almost five times oversubscribed and attracted around $14bn in bids.

 

LANGUAGE: English is widely spoken in Ghana and is frequently used in formal business settings. Ghanaians do appreciate when visitors try to use basic words in Twi, such as Akwabaa (Welcome), Wo ho te sen? (How are you?) or Me da ase (Thank you).

 

The new Companies Act promotes prudence in management, effective boardroom practice and shareholder activism. The timing of this new law is ideal as 2018 saw a string of collapsed banks, many of which experienced a breakdown in their corporate governance regime. For the first time in Ghana’s corporate governance history, an Office of the...

 

ACCRA CITY HOTEL Barnes Road, PO Box 12720 T: (233) 302 633 863 www.accracityhotel.com reservations@accracityhotel.com Rooms: 196 rooms. Business & Conference Facilities: Wi-Fi access, business centre with support staff, fax machine, copy/print services, secretarial services, translation services, five conference rooms with...

 

Ghana’s legal system is based on the English Common Law. The respect for the rule of law and the protection of fundamental human rights are ideals woven intrinsically into the fabric of Ghanaian society. The country’s prevailing 1992 constitution further embeds these ideals and has served as a bedrock for ensuing decades of sustained...