The prescribed rate of interest is 11.50% per annum with effect from 1 November 2024. The previous rate was 11.75% per annum. According to the Prescribed Rate of Interest Act, interest on debts w..
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The prescribed rate of interest is 11.50% per annum with effect from 1 November 2024. The previous rate was 11.75% per annum. According to the Prescribed Rate of Interest Act, interest on debts w..
There is a current shift in the tax administration system in Nigeria which is observed in the promulgation and reform of existing regulations in recent months. Some of these reforms are aimed at enhancing revenue generation, improving compliance, and boosting economic gro..
The Kenyan High Court recently clarified the level of evidence required for trade mark owners to successfully obtain injunctions in trade mark infringement proceedings. In a decision involving a peanut wrapper trader, the registered owner of the trade mark STEAME MAX PEAN..
On the back of joining top-tier jurisdictions that are ‘compliant’ or ‘largely compliant’ with all the 40 FATF Recommendations, the Parliament has recently voted in favour of a new Financial Crimes Commission Act (FCCA). The FCCA, which represents a significant step in th..
The Minister of Mineral and Petroleum Resources has introduced the Mine Health and Safety Amendment Bill in the National Assembly. The intention, as set out in the Bill is to, among other things, streamline administrative processes and strengthen managerial responsibility..
The Ghana Investment Promotion Centre Act, 2013 (GIPC Act), which was enacted on 26th August 2013, remains a key legislation and regulatory consideration for foreign individuals or entities entering the Ghanaian market. Among others, the GIPC Act establishes the Ghana Inv..
We have seen many iterations of the amendments to the Immigration Regulations this year. One of the concepts that has been amended regularly is the remote working or ‘digital nomad’ visa. The new Minister of Home Affairs, Dr Leon Schreiber, has further amended the criteri..
On 27 September 2024, the Bank of Ghana launched the Ghana Gold Coin (GCC) as part of its Monetary Policy Committee’s Gold Purchase Programme. This significant milestone is aimed at providing residents of Ghana with an alternative investment vehicle in addition to treasur..
In light of ongoing challenges in the Nigerian foreign exchange market, including recent distortions driven by speculators and illicit traders, the need for a robust regulatory framework has become increasingly urgent. In view of this, the Central Bank of Nigeria has intr..