• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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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.

 

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...

 

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...

Chapter | Legal Framework from The Report: Ghana 2022

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.

As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.

With a population of over 200m, Nigeria is a large and diversified economy, despite the government’s reliance on oil and gas revenue. While the Covid-19 pandemic and subsequent oil price crash caused a contraction in economic growth in 2020, it also led to rapid digitalisation across commerce, education and communication. This shift is expected to put Nigeria in a favourable position for recovery in the medium term.

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