It is important for a start-up business to identify the regulatory bodies that are relevant to its business operations and ensure strict compliance to sector-specific regulations.
Sector-Specific Laws
Sector-specific laws are laws that govern business operations within particular industries. Examples of some industries with sector-specific laws in Ghana are Banking, Insurance, Telecommunications, Gaming, and Mining.
Sector-specific laws may prescribe the requirements for obtaining a license within the industry, transfer of shares, as well as specify the percentage of shares that can be held by foreign investors within the industry.