Legal Framework
From The Report: Ghana 2024
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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, technological innovation and sustainability creates a compelling narrative for investors, while the government’s commitment to transparency and inclusivity puts the country in a position to become a global contender for strategic investment. To further attract foreign investment, the government has passed legislation to improve the investment climate.

This chapter contains a viewpoint from Afua Adubea Koranteng, Managing Partner, Koranteng & Koranteng Legal Advisors.

Articles from this Chapter

Overview

Evolving dynamics: Adaptive legal framework fosters an environment for financial technology innovation and renewable energy investment
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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 and the establishment of a regulatory sandbox by the Bank of Ghana. Corporate Legal Environment Ghana’s…

Analysis

Trust factor: Legal reforms buttress an increasingly digital 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 Laws In line with these efforts, the Payment Systems and Services Act 2019 established…

Viewpoint

Market momentum: Afua Adubea Koranteng, Managing Partner, Koranteng & Koranteng Legal Advisors, on facilitating trade liberalisation
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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: the first phase covers trade in goods, trade in services, dispute settlement mechanisms, and…