Ghana Legal Framework Sector Research Highlights

Analysis

Ghana’s legal reforms support digitalisation of economy
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Recognising the benefit of financial inclusion to economic growth, Ghana is digitalising its economy to enhance security for business transactions. In recent years legislation has been passed that aims to improve the investment climate, align the country with international norms and attract increased foreign investment. As of September 2023 mobile money transactions in Ghana reached GHS1.9trn ($172.5bn). New…

Overview

Legislation to boost Ghana’s fintech innovation ecosystem
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Ghana’s dynamic economic landscape unfolds against a backdrop of resilient corporate legal foundations, showcasing the country’s commitment to fostering an investor-friendly environment. While recent regulatory shifts have laid the groundwork for a conducive corporate legal atmosphere, the nation propels itself into the forefront of financial technology (fintech) innovation, spurred by policy directives…

Viewpoint

Afua Adubea Koranteng, Managing Partner, Koranteng & Koranteng Legal Advisors: Viewpoint
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Viewpoint:Afua Adubea Koranteng The African Continental Free Trade Area (AfCFTA) was established in 2018 by African Union member countries, with Accra as its Secretariat. Aimed at fostering socio-economic development, reducing poverty and boosting global competitiveness, the agreement had 54 signatories and 47 ratified countries as of August 2023. The agreement is to be implemented in two phases:…

Chapter

The Report: Ghana 2024: Legal Framework
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Ghana’s dynamic economic landscape showcases its commitment to fostering an investor-friendly environment. As regulatory shifts promote a conducive corporate legal atmosphere, the country remains at the forefront of innovation in the field of financial technology thanks to various policy directives and the regulatory sandbox established by the Bank of Ghana. The intersection of regulatory advancements,…

Country Report

The Report: Ghana 2024
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Despite the impact of the Covid-19 pandemic and other external shocks, Ghana’s GDP growth is expected to moderate in 2024 and 2025 thanks to the proactive measures undertaken by the government. One example of such initiatives is the Domestic Debt Exchange Programme, which has helped stabilise the local economy and provide greater fiscal stability. In 2023 the country was the continent’s leadin

Event

ICESDA 2024

African development and transformation efforts have been slower than expected predictions despite many strategic programmes and interventions targeted at her progress. International aid flows and governmental budgets earmarked for essential development projects have been dwindling and there is no sight to its end. This is because of the old mindset of doing things and the fact that there is an apparent…

Overview

Legislative changes in Ghana to attract investment
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Ghana’s corporate legal environment is primarily regulated by the Companies Act 2019, which established a Registrar of Companies (RoC) separate from the Registrar General’s Department (RGD). The RGD was responsible for business registration under previous iterations of the act, but the legislation shifts its responsibility to improving service delivery and delisting firms from the register, while…

Chapter

The Report: Ghana 2022: Legal Framework
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This chapter introduces the reader to the different aspects of the legal system in Ghana in partnership with B&P Associates. It also contains a viewpoint with Adelaide Benneh Prempeh, Founder, B&P Associates.…

Viewpoint

Adelaide Benneh Prempeh, Founder, B&P Associates: Viewpoint
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Viewpoint:Adelaide Benneh Prempeh A new law on PPPs came into force in Ghana on December 29, 2020. The PPP Act, 2020 (Act 1039) is heralded as the long-awaited solution to a single, more efficient and investor-friendly legal framework for infrastructure projects. Historically, in the absence of a single legal framework for PPPs, various sector-specific laws formed the backbone of collaboration…

Analysis

How private enterprises are supported by Ghana's legal system
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A series of laws were passed in recent years aimed at supporting the development of Ghana’s private sector. These changes addressed long-standing impediments to investment and created a supportive regulatory environment that facilitated the growth of entrepreneurships; micro-, small and medium-sized enterprises (MSMEs) and large corporations. Insolvency & Restructuring The Corporate Insolvency…

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Ghana Legal Framework Sector Research Highlights

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