Month: October 2017

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The Role of Lawyers and Accountants in an Effective Tax System

Taxation’s role in an economy cannot be over-emphasized. For starters, taxation is a major source of revenue for funding national development and providing public goods. It therefore stands to reason that our inability to mobilize sufficient tax revenue has dire consequences for the economic fortunes of the country. Inadequate tax revenue means less investment in...

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Is a Sole Distributor Really a Sole Distributor?

The High Court’s (Commercial Division) decision in the case of Georgina Achiaa v Don Emilio Company Limited[1] should be of great interest to persons in the retail sector. The Plaintiff in this case, claimed to be the sole accredited representative in Ghana for the importation, sale and distribution of the alcoholic drink “Jagermeister” (hereinafter referred...

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Did The Minister for Finance Flout Corporate and Banking Rules for Political Interests?

The Minority in Parliament  on 5 September 2017 gave a press release with respect to an approval given by the Minister of Finance (“Minister”) concerning a credit facility taken by McDan Shipping Company (“McDan”) from the Agricultural Development Bank (“Bank”).  According to the government, the Bank (through its Managing Director) sought the approval from the...

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Ghana v. Côte d’Ivoire: What You Need to Know About the ITLOS’ Decision

Last weekend’s judgment in the “Dispute concerning delimitation of the maritime boundary between Ghana and Côte d’Ivoire in the Atlantic Ocean” by the International Tribunal for the Law of the Sea (“ITLOS”) is bound to enjoy the spotlight and court both public and media attention at least for the next couple of days, and it...