Ghana

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Should financial reporting standards be tailored to small and medium-sized enterprises (SMEs)?

There has been a lot of talk about whether Ghana optimally benefits from the exploitation of its natural resources. The recent oil discovery heightened this debate, with many pointing to Norway as the model Ghana should emulate. The Extractive Industries Transparency Initiative and disturbances in Nigeria’s oilrich Niger Delta have also contributed to interest in the...

The main forms of business organisation in Ghana are private and public limited liability companies, branches of foreign companies, partnerships, sole traders, companies limited by guarantee and unlimited liability companies.

Small and medium-sized enterprises (SMEs) pervade the business world. In virtually every jurisdiction ( including Ghana), from the largest economies down to the smallest, over 99% of companies have fewer than 50 employees. In most jurisdictions the law requires SMEs to prepare and publish financial statements and have them audited. The global trend in the past decade has...

As Ghana’s youthful population becomes increasingly urbanised and more eager for employment, an adequate education framework that prepares students for the workforce, particularly for careers in a modern ICT environment, has become increasingly necessary. The Ministry of Education (MoE), which is responsible for policy development, has invested significantly in new...

Despite budget increases, adequate medical training and staff shortages remain a concern. The government has rolled out several projects to raise the quality and quantity of properly trained staff across the sector.

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