The IMANI Centre for Policy and Education (“IMANI CPE”) and the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (“GIZ”) on 22 September 2021 held its 5th IMANI-GIZ Reform Dialogue on the theme “Business Registration, Regulation, Property Rights and their Impact on Ghana’s Business Climate”. The dialogue sought to engage relevant stakeholders in Ghana’s business registration, regulation and property rights space to discuss how the country can address the bottlenecks and increase efficiency to enhance the ease of doing business.
The event took place at the Alisa Hotel and brought together industry experts, public sector leaders, private sector leaders, international agencies including the World Bank, academics and civil society organisations operating within the area. Recommendations on how to address the problems regarding (1) complex processes for starting a business; (2) land title and property rights; (3) enforcement of contracts; and (4) resolving insolvency, are summarised below.
1. Policymakers should pursue integrated rulemaking, integrated regulatory delivery, as well as monitoring and feedback of regulations to address the implementation gaps.
2. The Registrar General’s Department should speed up the process of digitizing the companies in their manual system since 1963. This will enable real-time company search as well eliminate the names of dormant businesses from its register. The business consultations portal (www.bcp.gov,gh) should be improved and made mobile-friendly.
3. Ghana’s Land Commission should facilitate the registration of all private lands and make records readily available. This is not an easy task –around the world, less than a third of economies have a registry with full coverage of private lands.
4. Deregulation in the business space needs to be accompanied by predictability and simplicity in the implementation of the right policies. At the least transparency, automation and the enhancement of accountability should guide all reforms.
5. The government of Ghana should pursue a swift implementation of the new Corporate Insolvency and Restructuring Act, as in the COVID-19 context, it will maximize capital recovery and put capital back to work in productive enterprises.
Below are practical Insights from IMANI-GIZ Reform Dialogue on Business Registration, Regulation, Property Rights and their Impact on Ghana’s Business Climate
Welcome remarks of Mr. Aurelien Kruse, Lead Country Economist for the World Bank during the fifth IMANI-GIZ Reform Dialogue.
Welcome remarks by Professor Godfred A. Bokpin, Economist and Professor of Finance at UGBS and IMANI Senior Fellow’s during the fifth IMANI-GIZ Reform Dialogue.
Ms. Eugenia Okyere, Head of Research at Ghana Investment Promotion Centre (GIPC) makes brief remarks.
Ms. Domitie Sarpong, a Principal State Attorney at the Registrar General’s Department shares her views at the recently held fifth IMANI-GIZ Reform Dialogue.
Joseph Padi, PRO, Ghana Union of Traders Association (GUTA) shares his lamentations an praise in this short video.
Lawyer Charles William Zwennes, Managing Partner for Gaisie Zwennes Hughes & Co. Lawyer Zwennes represented the Ghana Bar Association during the fifth IMANI-GIZ Reform Dialogue on Business Registration, Regulation, Property Rights and their Impact on Ghana’s Business Climate. Watch his commentary below.
Watch Lawyer Yaw Oppong, Managing Partner, Ampofo and Oppong & Associates as he delivers his remarks on property rights during the fifth IMANI-GIZ Reform Dialogue on Business Registration, Regulation, Property Rights and their Impact on Ghana’s Business Climate
Mrs Diana Afriyie Addo, Head of Business Regulatory Reforms Units at the Ministry of Trade and Industry. Please watch her contributions to the IMANI-GIZ Reform Dialogue on Business Registration, Regulation, Property Rights and their Impact on Ghana’s Business Climate.