Legal Framework
From The Report: Ghana 2020
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This chapter examines the legal system of Ghana, including The Companies Act 2019, capital requirements, foreign investment regulation, incentives and guarantees, labour law, property law, governance of non-bank financial institutions and sector-specific regulations. This chapter also contains a viewpoint from Adelaide Benneh Prempeh, Managing Partner, B&P Associates.

Articles from this Chapter

Overview

Incentivise and attract: An in-depth look at the legislative investment framework
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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 democratic governance and sociopolitical stability. Largely, steady economic growth in the previous 10 years has contributed to creating what international…

Viewpoint

Haven for investment: Adelaide Benneh Prempeh, Managing Partner, B&P Associates, on investing in a new era of opportunities and partnership
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Viewpoint:Adelaide Benneh Prempeh Ghana is broadly heralded as a beacon for democracy, peace and socio-economic stability in West Africa. Peaceful democratic elections have been held in Ghana since 1992, and since then the country has steered clear of major internal conflict. The rapid growth and permeation of private enterprise has ensured a level and competitive playing field for investors and entrepreneurs alike. Furthermore, public policy and legislation is focused on enabling private…

Analysis

Renewed framework: Efforts to revive the corporate governance landscape
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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 Registrar of Companies (RoC) will be established, with an insolvency division dedicated solely to the registration and administration of companies. Companies…