ETIQUETTE: Ghana has a deserved reputation for friendliness and hospitality. Manners and etiquette are very important, and correct honorifics and respectful greetings in business meetings are expected. Shaking hands is customary, starting with the person on the far right and making your way to...
Many of Ghana’s education indicators are moving in the right direction. A young and growing population, expanding job opportunities in a dynamic economy, and funding and support from a range of sources are driving the expansion of the sector. The system is a mix of public and private provision, and the past decade has established a solid base...
M&A can be an important tool to build scale, improve performance or remove excess industry capacity, and can fuel long-term, profitable growth. While not all M&A deals add value, failures should not necessarily discourage companies from pursuing them. Well-developed due diligence, valuation and integration capabilities can anchor an...
BANKS & SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT 2016 (ACT 930): This legislation applies to banks, specialised deposit-taking institutions, financial holding companies and their affiliates. The Bank of Ghana (BoG) has overall supervisory and regulatory authority over all deposit-taking business in Ghana, and requires deposit-taking...
In 2016 Ghana passed two laws which have enhanced the scope of protection afforded to depositors; namely the Banks and Specialised Deposit Taking Institutions Act 2016 (Act 930) – which repealed the Banking Act 2004 – and the Ghana Deposit Protection Act 2016 (Act 931). The laws introduced new mechanisms and features designed to enable the...
Ghana’s legal system is premised on English Common Law. The laws of the country comprise: the constitution; statutes enacted by Parliament; orders, rules and regulations made by any person or authority under a power conferred by the constitution; the existing law; and the common law, which is made up of the rules of law generally known as...
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