Local content requirements in Ghana’s power sector
Article compiled by Akua Afriyie Badu, Associate at Ghanaian member firm Bentsi-Enchill, Letsa & Ankomah Ghana’s power sector has experienced rapid growth in the last decade. According to the Energy Commission, total electricity generation almost doubled from 11.2 GWh in 2011 to 22.1 GWh in 2021, representing an annual average growth rate of 7%.[1] In […]
Regulatory Update: An assessment of the enforceability of netting provisions in Ghana
Article compiled by Seth Asante, Head of Financial Institutions and Capital Markets, Sophie Sena Berdie and Jonathan Amable – Senior Associates at Ghanaian member firm Bentsi-Enchill, Letsa & Ankomah. Regulatory Update: An assessment of the enforceability of netting provisions in Ghana Introduction Risk management is the process of identifying and mitigating the threats to an […]
Regulation of Foreign Insurers and Reinsurers under Ghana’s Insurance Act, 2021 (Act 1061)
Article compiled by Aniela Allotey, Associate – Financial Institutions & Capital Markets team at Ghanaian member firm Bentsi-Enchill, Letsa & Ankomah. Ghana’s insurance industry is regulated under the Insurance Act, 2021 (Act 1061) (the Insurance Act). The National Insurance Commission (the NIC) is responsible for the effective supervision and regulation of the insurance industry in […]
Ghana’s Securities and Exchange Commission issues guidelines to govern the activities of trustees in the securities industry
Article written by Jonathan S.K Amable, Senior Associate and Aniela Allotey, Associate – Financial Institutions & Capital Markets team at Ghanaian member firm Bentsi-Enchill, Letsa & Ankomah. The Securities and Exchange Commission (SEC) has issued guidelines to regulate the licensing and business operations of trustees in the securities industry. The Securities Industry (Note Trustees) Guidelines, […]
LEX Africa’s recent mining webinar highlighted many of the opportunities and challenges of this vibrant sector
LEX Africa recently held a mining webinar, during which renowned expert mining lawyers from member law firms from South Africa, Mali, DRC, Ghana, Zambia and Tanzania discussed the latest mining trends within their respective countries. These knowledgeable speakers, who have a deep understanding of mining law and the practice thereof also highlighted investment opportunities and […]
Ghana’s Legal & Regulatory Outlook 2023
Article by Seth Asante, Susan-Barbara Kumapley, Frank Nimako Akowuah, Seyram Dzikunu, Godwin Ofosuhene Nkrumah, Jonathan Amable, Kobby Afari Yeboah and Grace Adwubi Mensa-Bonsu – Bentsi-Enchill, Letsa & Ankomah, Ghana. 2022 was one of the most difficult years in the economic history of Ghana. Despite a bruised economy, there are new and emerging investments, funding and […]
Ghana: Amendment to the Petroleum Local Content Regulations
Article by Godwin Ofosuhene Nkrumah, Senior Associate, Energy & Infrastructure, Bentsi-Enchill, Letsa & Ankomah On 17 February 2022, the Petroleum (Local Content and Local Participation) (Amendment) Regulations, 2021 (LI 2435) (the Amendment Regulations) was passed to mark the first amendment to Ghana’s famed Petroleum (Local Content and Local Participation) Regulations, 2013 (LI 2204) (the Local Content Regulations). The […]
Dispute resolution practices progressing across the continent
Dispute resolution practices vary in many respects from one African country to another, although some significant similarities are apparent. The latter includes a predominance of preference for litigation in handling disputes, for various reasons, although arbitration is gaining increasing acceptance, while mediation is lagging behind. This was highlighted in the responses LEX Africa received from […]
Ghana: Opportunities and Challenges
Ghana is considered to be one of the leading countries in Africa, even though it is small both in terms of area and a population of approximately 31 million. Located in the Gulf of Guinea, West Africa, Ghana was the first country in sub-Saharan Africa where Europeans arrived to trade – first in gold, and […]
Infrastructure developments in Africa
Infrastructure development is a key driver for progress across the African continent and a critical enabler for productivity and sustainable economic growth. According to the African Development Bank, investment in infrastructure accounts for over half of the recent improvement in economic growth in Africa and has the potential to achieve even more. A fund known […]
