Opinions and Articles

Regulating The Petroleum Industry in Ghana: The Investor’s Dilemma

April 3, 2018

Background Prior to the Discovery of Oil in Commercial quantities in Ghana, the Ghana National Petroleum Corporation (GNPC) was the only state institution associated with oil. The enabling Act of the GNPC[1] was at that time hailed to be one of the best pieces of legislation on the regulation of oil and Gas within the […]

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Are Banks Allowed to Name and Shame Defaulting Customers?

February 28, 2018

In 1896, the Bank of British West Africa (which later became the Standard Chartered Bank) opened its first branch in Accra. Between 1920-1950, the Bank of British West Africa and Barclays Bank were the only banks operating in the Gold Coast[1]. The banking landscape has since changed and Ghana now has over 35 banks. But […]

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MOUs: Binding or Not?

February 23, 2018

A Memorandum of understanding (“MOU”), is a document entered into to set out the preliminarily understanding of parties who intend to enter into a formal contract at a later date. In some jurisdictions, it is known as “letter of intent”. The Black’s Law Dictionary considers an MOU as a letter of intent, and goes ahead […]

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The Special Prosecutor, a New ‘God’ In Town?

February 14, 2018

On Thursday 11th January 2018, news broke of the proposed appointment of Mr. Martin Alamisi Burnes Kaiser Amidu as Special Prosecutor1. Mr. Amidu once served as the Deputy Attorney General in the PNDC military government and also as the Attorney-General and Minister for Justice from January 2011 to January 2012 under the John Evans Atta-Mills […]

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Uber’s Ghana Problem

February 10, 2018

Uber, the online taxi platform, is known all over for two things. First, it is very good at making regulators throw their hands up in despair as it breaks every rule in the book. And secondly, the online taxi platform is good at making its customers fall in love with its service. Different countries have […]

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Digital and Virtual currencies in Ghana: Did the Bank of Ghana miss the road?

February 2, 2018

The Bank of Ghana in a recent notice[1] headed “Digital and Virtual Currency Operations in Ghana” sought to clarify the Ghanaian position on digital and virtual currencies in Ghana. Significantly, the notice informed the general public that operations in digital and virtual currencies are illegal and “… activities [operations in digital and virtual currencies] are […]

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Social Media Can Cost You Your Job

December 17, 2017

Social Media has come to stay. But will your job stay? Social media has changed the way we relate to the world around us. It has changed the way we communicate with ourselves. And so has it affected the relationship between an employer and employee. We are all busy out there “liking”, commenting, disagreeing, debating, […]

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Regulation Is Better Than Cure: A Case for Statutory Rules On Online Lawyer Advertising

November 29, 2017

The rules on lawyer advertising and touting have generated heated debate both amongst lawyers and the wider public. This can, to a large degree, be attributed to technological and digital paradigm shifts which have changed the way in which people communicate and access information. Ghana, which often lags behind in adopting international trends has been […]

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What’s in a Signature?

October 25, 2017

Remember the last time you signed a document? You must have felt so good. Or probably invincible. Your signature must have felt like a magic key in your hands. And indeed, in most cases it is. A signature is worth a lot. For starters, it helps in determining the authenticity of a document and the […]

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The Role of Lawyers and Accountants in an Effective Tax System

October 22, 2017

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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