Ghana's Chief of Staff, Julius Debrah, has emphasized the need for a faster resolution of commercial disputes, predictable licensing, and modernized laws to support the country's 24-hour economy agenda. He made this call at the maiden Annual Bar Conference of the Ghana Law Society on September 30. Dr. Debrah highlighted the potential impact of delays in contract enforcement and regulatory uncertainty on businesses and investment decisions.
Dr. Debrah noted that Ghana's economic ambitions require a legal system capable of responding to the changing demands of modern commerce while providing businesses with greater certainty. He identified key areas requiring attention, including faster resolution of commercial disputes, effective land administration, predictable licensing, and regular reviews of outdated legislation.
The Chief of Staff emphasized that legal reform should form part of Ghana's wider economic policy rather than being treated solely as a matter for lawyers and the courts. He stated that businesses are less likely to commit resources where there is uncertainty over whether contracts can be enforced within a reasonable period.
Dr. Debrah also highlighted uncertainty over land ownership and the evolving regulation of data, digital assets, and artificial intelligence. He noted that unclear rules in these areas could affect economic activity, particularly in emerging sectors where innovators and businesses require clear rules to operate and develop responsibly.
The Chief of Staff called for proposed regulations to be assessed not only on their legal requirements but also on their potential economic costs, implications for individual rights, and practical enforceability. He emphasized that regulations should provide necessary protection while allowing businesses to operate and grow.
Dr. Debrah maintained that Ghana's efforts to expand economic activity and attract investment cannot be separated from the effectiveness of its legal and regulatory institutions. He noted that delays in the justice system, difficulties with contract enforcement, and regulatory uncertainty can create additional challenges for businesses seeking to establish or expand their operations.
Achieving the 24-hour economy objective will require quicker resolution of commercial disputes, clearer land administration, predictable licensing arrangements, and regular reviews of outdated legislation. A more efficient legal framework will help reduce risks, protect rights, and provide businesses with the certainty and space needed to expand.
Key points
- The Chief of Staff emphasized the need for a faster resolution of commercial disputes and modernized laws to support Ghana's 24-hour economy agenda.
- Dr. Debrah highlighted the importance of legal reform as part of Ghana's wider economic policy.
- The Chief of Staff called for proposed regulations to be assessed on their potential economic costs and implications for individual rights.
