In today’s read, we will be looking at the enforceability of a contract. Contract simply refers to a formal and legally binding agreement between parties. A valid contract must have the following elements: Offer and acceptance: There must be an offer usually in the...
In today’s Friday read, we will be discussing the law on breach of promise to marry. Do you know that you can bring an action against a person who fails to honour his or her promise to marry you? This is called the action of breach of promise to marry.The action of...
Our Regulator for today is the The Office of the Registrar of Companies (“ORC”). The ORC was established by the Companies Act 2019 (“Act 992”) and is responsible for the following functions: registering business names in accordance with the Registration of Business...
Our Regulator for today is the central bank of Ghana; the Bank of Ghana. The Bank of Ghana has overall supervisory and regulatory authority over all banking and non- banking financial businesses and is governed by the Bank of Ghana Act, 2002( Act 612) as amended by...
Our Regulator for today is the the Food and Drugs Authority (“FDA”). FDA is governed by the Public Health Act, 2012 (Act 851) (the “Act”). Under the Act, the following industries are requiredto register with the FDA: Local manufacturing and sale of food, beverages and...
Our Regulator for today is the Environmental Protection Agency (EPA). EPA serves as the regulatory body responsible for overseeing environmental protection in Ghana in accordance with the Environmental Protection Agency Act 1994 (Act 490) and the Ghana Environmental...
Our Regulator for today is the the Social Security and National Insurance Trust (“SSNIT”). SSNIT is governed by the National Pensions Act 2008 (Act 766) as amended by the National Pensions (Amendment) Act 2014 (Act 833) and the National Pensions (Amendment) Act 2021...
Our Regulator for today is the Securities and Exchange Commission (“SEC”). The SEC is governed by the Securities Industry Act 2016 (Act 929) and the Foreign Exchange Act 2006 (Act 723)(the “Acts”) and it is responsible for regulating the Securities Industry in Ghana....
Our Regulator for today is the Public Utilities Regulatory Commission (“PURC”). PURC is governed by the Public Utilities Regulatory Commission Act 1997 (Act 538) as amended (the “Act”) and is a multi-sector regulator responsible for regulating the provision of utility...
Our Regulator for today is the Public Procurement Authority (“PPA”). PPA is governed by the Public Procurement Act 2003 (Act 663) as amended (the “Act”) and it is responsible for regulating public procurement in Ghana.The institutions that are regulated by the PPA for...