A modernised framework
Ghana's Companies Act, 2019 replaced decades-old legislation and brought company law closer to international practice. It clarified how companies are formed, governed, and wound up, and established a dedicated Office of the Registrar of Companies to administer the regime.
Directors' duties, now codified
The Act sets out directors' duties in statute: to act in good faith and in the best interests of the company, to exercise care, diligence and skill, and to avoid conflicts of interest. Directors are expected to understand these standards and to be able to show that decisions were properly considered and recorded.
Disclosure and beneficial ownership
Companies must keep accurate registers and disclose their beneficial owners, the individuals who ultimately own or control the business. Getting this right matters for banking relationships, transactions, and day-to-day compliance.
Practical steps for boards
Review your constitution, confirm your registers and filings are current, and make sure every director is briefed on their statutory duties. Where a transaction or restructuring is planned, take advice early rather than after the fact.