The corporate world in Ghana is about to witness a significant transformation in the options available to rescue distressed companies. Under the new Corporate Insolvency & Restructuring Act, 2020 (Act 1015), companies have now been presented with an opportunity to emerge from financial distress to financial viability if they act dutifully and responsibly within the
The African Union (AU)’s 18th Ordinary Session of Heads of State in Addis Ababa, Ethiopia in 2012 adopted a decision to establish the Africa Continental Free Trade Area (AfCFTA) by 2017. Impressively, the AfCFTA officially became feasible when Nigeria signed the historic agreement. The formation of the AfCFTA has been hailed as a political victory
The African Continental Free Trade Area (AfCFTA) is the largest in the world in terms of participating countries since the formation of the World Trade Organisation (“WTO”). The major objectives of the AfCFTA are stated in Article 3 of the agreement establishing the AfCFTA. In general, the intention is to boost trade among African countries
On my 40th birthday, my office colleagues gave me one of the best birthday surprises ever; a written dedication to me which stated Charles Erwin Wilson’s famous quote “a great boss makes his men realise they have more ability than they think they have so that they certainly do better work than they thought they
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There is a general forecast that, the major world economies like the USA, China, Japan and the UK may slowdown in terms of growth in 2019. However, not much has been said about the impact of this expected slowdown on Africa. Will these major economies drag African economies along with them, or will Africa rather benefit from those investors looking for higher returns in frontier and emerging markets, as appears to have been the case in 2008 to 2011?
