new Companies Act Will improve ease Of doing usiness – Akufo-AddoGhanaweb.Com #Akufo_AddoAugust 5, 2019
Business News of Monday, 5 August 2019
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Friday, 2nd August, 2019, gave his assent to the new Companies Act replacing the 1963 version.
President Akufo-Addo made this known on Saturday, 3rd August, 2019, when he delivered the keynote address at the 1st Ghana Association of Restructuring and Insolvency Advisors presidential fundraising dinner and awards night, held at the Labadi Beach Hotel.
Addressing the gathering, the President noted that since the enactment of the Companies Act (Act 179 of 1963), a statute inspired by the late, celebrated English jurist, Professor L.C.B Gower, there have only been sporadic revisions to the Act.
In 2008, under the presidency of His Excellency John Agyekum Kufuor, the Business Law Reform Committee of Experts was established.
“So, you can appreciate my understandable elation when, as part of my Government’s programme for improving the ease of doing business in Ghana, Parliament passed a new Companies Act, on 2nd May, 2019, replacing the 1963 Act.
The process of enactment is now complete,” he added.
“I invite the business community in Ghana, and those from outside our shores, to take advantage of the growing business-friendly environment being created in Ghana, and invest in our country.
Let me reiterate that Ghana continues to be a haven of peace, security and stability, indeed, the safest country in West Africa, and legitimate investments are protected,” the President noted.
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