Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.
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...
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afforded to depositors; namely the Banks and Specialised Deposit Taking Institutions Act 2016 (Act 930) – which repealed the Banking Act 2004 – and the Ghana Deposit Protection Act 2016 (Act 931).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...
In conjunction with AB & David Africa, this chapter contains an overview of the legal framework in which local and foreign investors operate in Ghana, covering an overview of the regulations governing different sectors, the rules for investment and expatriate employment and recently introduced legislation on trade and financial services.
This chapter contains a viewpoint from...
Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.
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