The Ghana Infrastructure Investment Fund (GIIF) has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to introduce a standardised and certification system in the country. Known as the Excellence in Design for Greater Efficiencies (EDGE), it will help developers reduce energy consumption in buildings while lowering greenhouse-gas emissions to…
CBDC TO HELP BRIDGE DIGITAL DIVIDE FOR WOMEN AND YOUTH IN AFRICA Co-Founder and Managing Partner of Koranteng & Koranteng Legal Advisors, a corporate and commercial law firm in Accra, Ghana, Afua Adubea Koranteng, has said a Central Bank Digital Currency (CBDC) could serve as a catalyst in bridging the digital and financial divide faced…
THE GHANA ALTERNATIVE MARKET; A GIFT TO BUDDING SMEs Perhaps the most recurring answer given when small businesses are asked about barriers to their business’s growth, is “access to capital”. Over the years, financial advisors have devised ingenious ways of dealing with the challenge of access to capital, whether for administrative costs, procurement of business…
The Penalty and Interest Waiver Act 2021 (the “Act”) was passed by Parliament and assented to by the President on the 31st March, 2021.
Afua Koranteng listed as Global Law Expert 2022 for Corporate Law In its 10th Annual publication, Afua Koranteng is listed as a Global Law Expert in 2022 for Corporate Law in Ghana. The premier guide to leading attorneys throughout the world, the 2022 edition is viewed by an international audience of company directors, lawyers, accountants,…
USE OF GHANA CARD FOR ALL FINANCIAL TRANSACTIONS In furtherance of its objective of ensuring the safety of the financial system, Bank of Ghana pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111), hereby directs that with effect from 1st July, 2022, the Ghana Card shall be the only identification card that…
Africa’s infrastructure needs – including road, rail, ports, transmission and power – are considerable, and will become increasingly pronounced on account of the continent’s need for such infrastructure to support its social and economic growth. It is estimated that international investors’ interested in Africa have as much as US$550bn in assets1 that could be deployed…
AFRICA’S INFRASTRUCTURE PARADOX. BY TOM JAMIESON, PARTNER, RO LAZAROVITCH, PARTNER, JO EN LOW, PARTNER, AND ONIS CHUKWUEKE-UBA, ASSOCIATE, BRACEWELL (UK) LLP AND AFUA A KORANTENG, PARTNER, AND EDWARD KORANTENG, PARTNER, KORANTENG & KORANTENG LEGAL ADVISORS. Africa’s infrastructure needs – including road, rail, ports, transmission and power – are considerable, and will become increasingly pronounced on…
Cairo and Accra, 28 September 2021: – African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced today the operational roll-out of the Pan-African Payment and Settlement System (PAPSS), a revolutionary Financial Market Infrastructure to enable instant, cross-border payments in local currencies between African markets. By simplifying cross-border transactions and reducing the dependency on hard currencies for…
Ghana Cocoa Board (COCOBOD) will later today sign a $1.5 billion Syndication Loan for the 2021/2022 cocoa crop season.The facility, which is the largest deal in sub-Saharan Africa, will be used to finance cocoa purchases and related operational activities in the crop season. The signing comes on the back of some positive developments in Ghana’s…