In Today’s #FridayRead, highlights Compulsory Indemnity Insurance for commercial buildings under the Insurance Act 2021 (the “Act”)The Act requires persons who construct and/or own commercial buildings to insure such buildings with a licensed insurer. The compulsory...
Today’s #FridayRead is on the Income Tax (Amendment) No. 2 Act, 2021 (Act 1071). The Parliament of Ghana amended the Income Tax Act 2015 (Act 896) to review the rates of income tax on wages particularly the minimum wage in Ghana.Thus, the new income tax schedule for...
In today’s #FridayRead we will discuss the Ingredients of Murder.The law on “Murder” can be found in the Criminal Offences Act, 1960 (Act 29). Section 47 of Act 29 defines Murder as, A person who intentionally causes the death of another person by an unlawful harm...
In today’s Friday read, we will discuss briefly what the taxable foreign income entails. Section 103 (1) of the Income Tax Act 2015, (Act 896) states that, where the income of a person employed is derived from a source outside of the country and a source that is in...
In Today’s #FridayRead we will go into the prerequisite of obtaining a license to operate courier services in Ghana. The law that governs courier services in Ghana is the Postal and Courier Services Regulatory Commission Act, 2003 (Act 649).The term “Courier Services”...
Today’s #FridayRead looks at environmental sanitation under the Public Health Act, 2012 (Act 851)In order to regulate sanitation in the environment or public place, the Act prohibits the carrying out of business in noxious or offensive trade. A business or trade is...
Today’s #FridayRead looks at one of the key roles of the District Assemblies under the Local Government Act, 2016 (the “Act”)Under the Act, each District Assembly is established as the planning authority for its area of authority for the purposes of national economic...
In today’s #Fridayread we consider the National Computer Emergency Response Team (“NCERT”) established by the Cyber Security Act 2020 (the “Act”)The NCERT as established by the Act is made up of qualified persons and experts tasked with operations that supports the...
In Today’s FridayRead we look at the pre-requisite for a license under the Bank and Specialised Deposit Taking Institution Act, 2016 (the “Act”).The Act provides that the Bank of Ghana (the “BOG”) has the sole responsibility for the issuance of licenses to banks and...
The Act regulates the exchange of foreign currency, international payment transactionsand foreign exchange transfers and business and other related matters.The Act provides that the Bank of Ghana (“BOG”) is the licensing, regulatory and supervisory authority to give...