Major legal advisers/ external counsel: Reindorf Chambers, Bentsi Enchill, Letsa & Ankomah, Sam Okudzeto & Associates, Minkah-Premo, Osei-Bonsu,
Bruce-Cathline & Partners.

How do you approach managing legal aspects during periods of instability or crises, and how does your legal strategy align with the broader business strategy to ensure the organization’s resilience?

During periods of instability or crisis, the legal department gives focus to regulatory compliance, contract and liability management, internal governance and ethics as well as data protection and cyber security. The legal strategy aligns with the broader business strategy to ensure the organization’s resilience by safeguarding stakeholder interests and maintaining long – term
financial stability.

In your opinion, what are the main trends that are salient in your country currently ?

In my opinion, the main salient trends in the country relate to economic stabilization, digitalization and environmental degradation. In terms of economic stabilization, the International Monetary Fund (IMF) has revealed that Ghana’s fiscal performance is on track to achieve a primary surplus of half percent of Gross Domestic Product (GDP) on a commitment basis. This is despite emerging spending pressures stemming from a recent dry spell and challenges in the energy sector.
On digital economy expansion, the government is investing in digital infrastructure to improve
service delivery and reduce corruption. Ghana ranks 15th among African countries in ICT use,
with initiatives to provide near-universal broadband coverage. The country boasts a mobile phone penetration rate exceeding 135% and houses the only Tier IV data center in West Africa. Data from the Bank of Ghana shows a significant rise in mobile money transactions, highlighting the growing acceptance of digital financial services across the nation.
Regarding environmental degradation, unlicensed gold mining is now rife in the country with
extremely adverse implications for agriculture and public health. Notwithstanding strenuous
efforts to curb this menace, it remains a huge challenge for the nation.

Are there any causes, business or otherwise, you are passionate about?

I am passionate about Corporate governance because it is sine qua non for sustainable business
growth, economic stability, and investor confidence in any country, Ghana being no exception.
The 2017-2019 banking crisis in the country brought to the fore, weak risk management, insider
lending, and regulatory weaknesses. The governance framework has since evolved by way of
regulatory reforms including the enactment of the Companies Act, 2019. Several directives have
also been issued by the Central Bank for the banking industry over time. Notwithstanding the gains made, more can be done to strengthen sound governance practices in Ghana. Ethical leadership is of absolute essence whilst the banes of corruption, nepotism, and conflicts of interest must be done away with. Stronger board independence and diversity are also imperative to enhance effective oversight. To this end, continuous regulatory enforcement, governance education, and whistleblower protection should be championed.