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Bentsi-Enchill, Letsa & Ankomah

Securities and Exchange Commission Issues Guidelines to Govern the Issuance of Green Bonds

The Securities and Exchange Commission has issued the Securities Industry (Green Bonds) Guidelines, 2024 (SEC/GUI/003/03/2024) to regulate the issuance of green bonds.

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Bentsi-Enchill, Letsa & Ankomah

Setting an Ex Parte Order aside through an Ex Parte Application – The Standards are the Same

On 25 October 2023, the High Court in Nuumo Emmanuel T Antia We 6 Others v Nii Adotey Otintor II Another(Suit No GJ/0034/2024), pursuant to an ex parte application, granted an order of interlocutory injunction restraining the respondents from ‘handling, organizing, touchi..

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Bentsi-Enchill, Letsa & Ankomah

Key Changes Under the Income Tax (Amendment) Act, 2023 (Act 1094)

The Income Tax (Amendment) Act, 2023 (Act 1094) (the Income Tax Amendment) was enacted on 31 March 2023 and became effective on 3 April 2023, following presidential assent and its publication in the gazette. The purpose of this update is to highlight and comment on the ke..

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Bentsi-Enchill, Letsa & Ankomah

Local content requirements in Ghana’s power sector

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%. In order to sustain the growt..

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Bentsi-Enchill, Letsa & Ankomah

The Foreign Investor Loses It All: A Cautionary Tale to Multinational Corporations

The Supreme Court of Ghana (Supreme Court) has on several occasions held that international business or economic transactions (IBET(s)) involving the Government of Ghana (Government) that are not approved by the Parliament of Ghana (Parliament) are unconstitutional. In th..

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Bentsi-Enchill, Letsa & Ankomah

Parliament Passes the Growth and Sustainability Levy Bill, 2022

Parliament on 31 March 2023 passed the Growth and Sustainability Levy Bill, 2022 (the Bill). The Bill, which shall come into force following presidential assent and publication in the Gazette, seeks to introduce a new levy, the Grow..

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Bentsi-Enchill, Letsa & Ankomah

Regulation of Foreign Insurers and Reinsurers under the Insurance Act, 2021 (ACT 1061)

Ghana’s insurance industry is regulated under the Insurance Act, 2021 (Act 1061). The National Insurance Commission is responsible for the effective supervision and regulation of the insurance industry in Ghana. The Insurance Act defines a foreign insurer as a person who ..

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Bentsi-Enchill, Letsa & Ankomah

Licensing of Cybersecurity Industry Players in Ghana

Cybersecurity has increasingly become necessary to protect industries and governments from cyberattacks, theft, damage and to prevent disruption to businesses. Cybersecurity regulation delineates the type of control an organisation must deploy to protect itself and its cu..

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Bentsi-Enchill, Letsa & Ankomah

Medical Information in Employment Contracts

It is unlikely that employees will voluntarily submit medical information to employers. Employees run the risk of medical information being disclosed to third parties without their consent, as well as the possibility of workplace discrimination from their employers ..

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