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

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...

Are Banks Allowed to Name and Shame Defaulting Customers?
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Are Banks Allowed to Name and Shame Defaulting Customers?

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...

MOUs: Binding or Not?
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MOUs: Binding or Not?

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...

Uber’s Ghana Problem
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Uber’s Ghana Problem

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?

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...

Social Media Can Cost You Your Job
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Social Media Can Cost You Your Job

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,...

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

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...