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...
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...
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...
Over the past year a major policy direction of the government has been enhancing domestic tax revenue mobilisation while promoting business growth. Accordingly, the 2018 budget statement and economic policy highlighted a number of tax policy proposals, which are focused mainly on promoting tax revenue generation and incentivising businesses in...
Following a period of rapid economic growth, Ghana’s slowdown over the past couple of years has had a noticeable impact on the construction sector in particular. However, its prospects appear to be modestly brightening, with sizeable capital allocations in the government’s budget and growth of 3.7% targeted for the construction industry in...
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