• 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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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...

 

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...

 

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...

Chapter | Legal Framework from The Report: Ghana 2020

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.

The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.

The year 2020 marks the 50th anniversary of the establishment of the Sultanate of Oman, making it the longest continually independent Arab country in modern history. The year also marks the passing of Sultan Qaboos bin Said Al Said, who died on 10 January. He is succeeded by his cousin and the former minister of culture, Sultan Haitham bin Tariq Al Said.

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