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The Government of Ghana is taking steps to address the challenges of domestic revenue mobilization and achieve the objectives of the IMF Extended Credit Facility Program. The government is preparing a Medium-Term Revenue Strategy (MTRS) that will focus on tax policy and r..
A new national arbitration law, the Arbitration and Mediation Act, 2023 (the AMA), came into force in Nigeria on 26 May 2023, replacing the Arbitration and Conciliation Act (the ACA) that had remained unchanged for over three decades. Here are some notable features of the..
This designation indicates increased monitoring by FATF as both countries actively work to address strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.
Banks and other financial institutions should take note of the new resolution framework that came into effect on 1 June 2023. These legislative changes stem from the global financial crisis and the Group of Twenty’s request that the Financial Stability Board provide a lis..
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..
While public interest litigation is a common occurrence in South Africa, it seldom involves the area of tax law. However, pursuant to the Constitutional Court’s judgment Arena Holdings (Pty) Ltd t/a Financial Mail and Others v South African Revenue Service and Others[2023..
Money laundering poses a significant threat to the financial system of every country, including Lesotho. To combat this illicit activity, Lesotho has implemented robust anti-money laundering (AML) laws and regulations. In this article, we will explore Lesotho's AML framew..
In a bid to ensure protection of personal data in Tanzania, on 12 May 2023, the Minister for Information, Communication and Technology (the Minister) issued the Personal Data Protection (Collection and Processing of Personal Data) Regulations vide Government Notice ..
The Minister of Trade, Industry and Competition (MTIC) on Wednesday 24 May 2023 published the Energy Users Block Exemption and Energy Supplier Block Exemption.
