Ghana achieved independence from British colonial rule in 1957, making it the first African country to do so. After enduring decades of post-independence instability and intermittent military rule, the country is now widely regarded as a stable democracy, a regional economic powerhouse and a key continental player.
Between 2017 and 2020 Ghana recorded an average GDP growth rate of 7%, among the highest in the world. In 2020 – when the global economy and sub-Saharan Africa’s contracted by 3.5% and 2.1%, respectively – Ghana was one of the few countries that registered positive GDP growth. This is a testament to the government’s Ghana Beyond Aid vision. While Covid-19 infection rates and...
How might Ghana make its business environment more attractive for foreign direct investment?
In December 2020 Ghanaians went to the polls to elect a president and members of Parliament. The incumbent head of state and leader of the ruling New Patriotic Party (NPP), President Nana Akufo-Addo, was re-elected in the first round of voting over former President John Dramani Mahama, the candidate for the main opposition party, the National Democratic Congress (NDC). This...
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...
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