Ghana’s new laws, their implications for investors to be explored in 10-anniversary report

A new report by the global research and consultancy firm Oxford Business Group (OBG) will look in detail at the landmark legislation introduced in Ghana over the past year, which has set the scene for the country to boost inflows and drive economic growth.

Marking OBG’s tenth anniversary of documenting the country’s development, The Report: Ghana 2021 will shine a spotlight on the new laws enacted and others overhauled during the COVID-19 pandemic that will spearhead efforts to enhance the country’s investment environment and improve the ease of doing business.

Key legislation set for analysis includes the long-awaited Public-Private Partnership Act, 2020, which aims to encourage firms to team up with the government for its large-scale infrastructure projects. The report will also analyze the implications of the New Corporate Insolvency and Restructuring Act, 2020, and the Borrowers and Lenders Act, 2020, among others.

OBG has signed a second memorandum of understanding (MoU) with B&P Associates for its forthcoming publication. As part of the MoU, the law firm will team up with the group to research and produce the Law Chapter of The Report: Ghana 2021 and other content that will be made available across OBG’s platforms.

Adelaide Benneh Prempeh, Managing Partner, B&P Associates, said she looked forward to collaborating with OBG on its milestone report, adding that information on Ghana’s far-reaching legal reforms would undoubtedly make essential reading for decision-makers eyeing the country’s investment opportunities.

“The raft of new legislation introduced against the backdrop of the pandemic has paved the way for the private sector to play a much bigger role in the next phase of Ghana’s growth story,” she said. “Businesses have shown a keen interest to familiarise themselves with the country’s revised legal framework. I’m delighted that through this partnership, we’ll be able to provide investors with the facts and figures they require to make their decisions.”

Welcoming B&P Associates on board once again, Wen Qian Chang OBG’s Country Director in Ghana, said that while the impact of the pandemic had inevitably dampened short-term growth forecasts, the country was well placed to make a steady recovery, with construction and manufacturing among the sectors expected to drive new growth.

“Like several other African nations, Ghana is working to diversify its economy and highlight its potential as an attractive investment destination ahead of the global economic recovery,” Chang said. “B&P Associates has long helped local and international clients navigate Ghana’s complex legal framework and has an in-depth understanding of what the new laws mean for businesses operating across the sectors. I’m thrilled that our team and, ultimately, our readers will benefit from their expertise.”

The Report: Ghana 2021 will mark the culmination of more than a year of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking, and other sectoral developments. OBG’s publication will also contain contributions from leading representatives across the public and private sectors.

The Report will be produced with the Ghana Investment Promotion Centre, the Association of Ghana Industries, Stanbic Investment Management Services, PwC and B&P Associates. It will be available online and in print. It will form part of OBG’s yearly reports on the economy of emerging countries. Besides, OBG is currently producing with its partners a series of tailored studies, alongside other highly relevant, go-to research tools, including a range of country-specific Growth and Recovery Outlook articles and interviews.

Click here to subscribe to Oxford Business Group’s latest content: www.oxfordbusinessgroup.com/country-reports