International Chamber of Commerce Ghana hosted business leaders to a breakfast meeting to discuss the new Companies Act as part of activities to mark the centenary celebration of ICC worldwide.

ICC has been at the forefront of advancing peace and prosperity globally since it was founded in 1919 in the aftermath of the First World War when no world system of rules governed trade, investment, finance or commercial relations. The founders acted on their conviction that building stronger commercial relations between nations would reduce the risk of war and armed conflict, and were referred to as “The merchants of peace.

The Minister for Business Development Hon Mohammed Awal used the occasion to launch the ICC Centenary celebration in Ghana under the theme: “Creating an enabling environment for business to work for everyone, everyday and everywhere ”

The legal framework for business to work for everyone is the company law hence the focus on the new Act says Emmanuel Doni-Kwame, Sec Gen ICC Ghana.

After almost six decades since Professor Gower was appointed to chair a commission on company law reform in Ghana, the product of which was the Companies Act 1963. A new company law framework drafted by a Committee of Experts under the Chairmanship of Prof. Justice Samuel Date-Bah, Companies Act, 2019 will finally replace the Companies Act of 1963.

Prof. Justice Samuel Date-Bah who was the Keynote Speaker presented a review of the new Company’s Act and its implications for businesses in Ghana. Meridian Port Service sponsors of the event used the occasion to promote the new Terminal 3 at the Port of Tema.

The new law is expected to enhance the ease of doing business in Ghana and also bring to bear best global practices.