Ghana's business environment. Doing Business in Ghana

Essay from the year 2020 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: Recently, Ghana's economy has outperformed the global and sub-Saharan African economies, and this has enhanced its profile as an attractive investment destination. Ghana's investment attractiveness has also resulted from government initiatives such as the legal changes that have sought to address the challenges to the country's development into the business hub of West Africa. This paper examines some elements of Ghana's business environment. In Ghana, businesses can operate as either limited liability companies incorporated under the Ghanaian laws or external companies incorporated in foreign countries. The law allows Ghanaians or non-Ghanaians to have the whole or partial ownership of local companies. For a local company to be registered, the required disclosures are its name; the nature of its business; the identities of a minimum of two directors at least one of these directors must be a permanent resident of Ghana; the number of shares of the company; the identity and address of the company auditor; and the company s registered office, principal business place and postal address.