In the heart of West Africa, Ghana stands as an important economic hub, and a prime destination for foreign investment. This has led to a booming economy with opportunities in sectors like agribusiness, mining, and telecommunications. But for any business to succeed, understanding Ghana’s legal system is critical. This is why finding the best law firm in Ghana is essential for foreign investors and multinational corporations.
This article highlights why a leading firm specialising in these areas is needed, and provides insights to help businesses find the right legal partner.
Doing Business in Ghana Requires Corporate and Cross-Border Expertise
Ghana’s legal system presents unique challenges for foreign investors. It has a framework of laws and regulations that require expert knowledge in the form of a strong legal partner. These experts help companies avoid unexpected liabilities and delays.
Here are four reasons why businesses need this expertise:
- Navigating the legal system is complex and time-consuming. The legal process can be lengthy. According to The World Bank Division Director for Ghana, Liberia and Sierra Leone, Mr O’Brien, resolving a commercial case in Ghana takes an average of 900 days. This underscores the need for effective legal support to avoid lengthy disputes.
- Specialised knowledge is needed for key legal areas. These areas include mergers and acquisitions (M&A), regulatory compliance, and investment support.
- A good legal partner provides invaluable guidance. This helps to mitigate risks and ensures a smooth operational process. They assist with due diligence, contract enforcement, and navigating local bureaucratic processes.
- Expertise is crucial for compliance. Legal counsel helps with company incorporation and the requirements of the Ghana Investment Promotion Centre (GIPC) Act. They also ensure that operations follow local content policies and other sector-specific regulations.
This guidance is vital for any foreign company looking to thrive in Ghana’s dynamic market.
Bentsi-Enchill, Letsa & Ankomah: A Leading Law Firm in Ghana
Selecting an expert legal partner is one of the most important decisions an investor can make for success. A firm’s expertise and reputation can directly impact a company’s ability to navigate complex transactions smoothly.
Bentsi-Enchill, Letsa & Ankomah has a reputation as a leading legal provider in Ghana. They are a full-service firm with four specialised, partner-led practice groups. These groups cover corporate commercial, financial institutions and capital markets, energy and infrastructure, and disputes.
The firm is well-known for its deep experience in complex transactions and disputes. Bentsi-Enchill is also highly regarded for its leadership in the Ghanaian legal market.
Mergers and Acquisitions (M&A)
M&A transactions in Ghana are subject to sector-specific regulations. There is no general competition or antitrust law. Different regulators have authority over different industries. For example, the Securities and Exchange Commission (SEC) regulates mergers involving public companies. The Bank of Ghana oversees transactions for banks and specialised deposit-taking institutions.
Bentsi-Enchill has a strong track record of advising on M&A law in Ghana for both local and international businesses. Their team is experienced in corporate takeovers and prominent cross-border transactions.
Business Law
Ghana’s legal system is based on common law and judicial precedent. Bentsi-Enchill, Letsa & Ankomah offers a full range of services for business law. Their corporate and commercial department assists clients with everything from business expansion to negotiating agreements and company formation.
The firm is a trusted partner for Ghanaian and multinational corporations, entrepreneurs, and non-profit organizations. They have the knowledge and experience to handle complex transactions and disputes for foreign investors.
Regulatory Compliance and Investment Support
Ghana’s regulatory environment is an important consideration for investors. Bentsi-Enchill has a strong understanding of regulatory matters. The firm’s expertise covers a wide range of regulated sectors. These include banking, financial services, oil and gas, and mining.
The firm’s lawyers are also experts in capital markets. They have a reputation for anticipating and navigating changes in the regulatory environment. This helps clients to stay ahead of industry trends and manage risk effectively. The firm has advised on large corporate finance transactions and loan facilities.
Investment Funds
Bentsi-Enchill is highly regarded for its ability to handle investment funds. The firm has extensive experience in advising on a variety of mandates in this area. The team regularly works with financial institutions, including banks and investment funds.
Their expertise extends to capital markets and corporate finance transactions. Seth Asante, the firm’s managing partner, is a leading lawyer in this market. He is often sought out for his expertise in M&A and finance matters. This specialisation makes them a strong partner for clients interested in managing and structuring investment funds in Ghana.
Why Businesses Must Choose the Right Firm
To operate a successful business in Ghana, it is vital to choose the right legal partner. Below are two reasons why.
- You need specific expertise. A firm with a strong background in corporate and cross-border transactions can guide you through Ghana’s complex legal requirements. They will help with everything from due diligence to regulatory compliance.
- You need local knowledge. Their local market knowledge and legal skills are valuable for long-term success. A firm that understands local customs and legal nuances can provide creative solutions to complex problems. This leads to better outcomes.
Secure Your Success in Ghana’s Market
Ghana’s business environment offers significant opportunities for foreign investors. However, succeeding in this market requires careful legal planning and local expertise. Partnering with a top-tier legal firm is a strategic necessity for managing risks and ensuring compliance.
To secure expert guidance for your corporate and cross-border transactions in Ghana, it’s wise to seek a firm with a proven track record. This helps to protect your investments and positions your business for long-term growth and success. For comprehensive legal support, contact LEX Africa to get connected with the right legal experts on the ground.
