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Overview

Free to choose: A number of outlets provide content, while government support is facilitating the development of regional operators
OBG
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A strong tradition of press freedom across all segments characterises the Ghanaian media sector, and as the economy continues to grow, a report from the International Research & Exchanges Board (IREX) shows the sector is expected to remain in good health. According to the “Ghana Media Sustainability Index”, a report released in 2012 by IREX, Ghana is home to 466 print publications, ranging…

Overview

By the book: Regulations that support business development
OBG
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The 1992 Ghanaian constitution (the “Constitution”), approved by referendum, establishes the multi-party system of Ghana’s democracy. The Constitution is the fourth republican constitution since Ghana gained independence in 1957. Accordingly, the era under the Constitution is described as the “Fourth Republic”. Ghana’s legal system comprises the Constitution, which is the supreme law…

Overview

Stable regime: Unitary system covers both domestic and international companies
OBG
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FORMS OF BUSINESS ORGANISATION: The main forms of business organisation in Ghana are as follows: private and public limited liability companies, branches of foreign companies, partnerships, sole traders, companies limited by guarantee and unlimited liability companies. LIMITED LIABILITY COMPANIES: A limited liability company is a company in which the liability of its members is limited to any…

Overview

Prioritising knowledge: Population growth provides an incentive to develop education infrastructure
OBG
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The government’s focus on increasing its social capital is demonstrated in the size and scope of its education budget. As the largest recipient of state funding in the country, the Ministry of Education (MoE) is tasked with transforming the country’s economy from resourceto knowledge-based and ensuring that graduates are prepared to enter the fast-changing workforce. Strong population growth…

Overview

Now is the time: With the market booming, new tactics are becoming increasingly popular
OBG
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On a June morning in 2013, commuters in downtown Accra were startled to look out their windows to see a dozen horses crossing through traffic. The maroon t-shirts and banners proudly declared the riders part of a guerrilla advertising effort from Enterprise Insurance, Ghana’s oldest insurance group, whose horse logo is a key part of the company’s identity. NEW DIRECTION: Such direct advertising…

Overview

Universal challenge: Infrastructure upgrades and enhanced staff development to boost coverage
OBG
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The continuing implementation of expansive reforms, including the Single Spine Salary Structure (SSSS) and updates to the National Health Insurance Scheme (NHIS) aimed at providing universal health care to its citizens, made 2012 a turbulent year for Ghana’s health sector. Despite sharp budget increases to the Ministry of Health (MoH) over the past several years, growing pains within the SSSS…
Interview

OBG talks to Kofi Yamoah, Managing Director, Ghana Stock Exchange (GSE)
OBG
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Interview: Kofi Yamoah How has activity on the GSE evolved in recent times? KOFI YAMOAH: There has been a big leap in secondary market activity in 2013. The value of shares being traded has been five times that in the same period in 2012, volumes have doubled compared to 2012 and the index was up 57% by the end of May 2013, which indicates that there are good returns to be made. The shares of 22…
Interview

OBG talks to Olugbenga Ashiru, Former Nigerian Minister of Foreign Affairs
OBG
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Interview:Olugbenga Ashiru What can be done to increase the effectiveness of the West African Power Pool? OLUGBENGA ASHIRU: There is no doubt that given the region’s natural resource endowments, there are ample opportunities for not only the sharing of power networks and cross-border electricity transmission, but also the production of energy owing to the advantage of scale. It is for these…
Interview

OBG talks to Zafer Çağlayan, Turkish Minister of Economy
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Interview:Zafer Çağlayan Where do you see the greatest scope for growth in bilateral trade and investment with Africa? ZAFER ÇAĞLAYAN: Africa is a large target market for Turkish firms, particularly for our small and medium-sized enterprises (SMEs). It is also a vibrant market for Turkish exports and provides key raw materials for domestic Turkish industry. In order to maximise the benefits…
Interview

OBG talks to Mark Simmonds, Parliamentary Undersecretary of State, Foreign & Commonwealth Office
OBG
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Interview:Mark Simmonds Where do you see the biggest potential for British investors to increase their involvement in Africa? MARK SIMMONDS: The Africa story is no longer just about extractives, even though there have been important discoveries in countries like Ghana, Uganda and Tanzania in recent years, as well as mining opportunities across the continent. Other sectors are of increasing…