Public beneficial ownership register for Ghana

Michael and Tim were part of a team of international and Ghanaian consultants delivering economy-wide beneficial ownership transparency in Ghana, funded by the British government. Ghana amended its Companies Act to implement a public beneficial ownership register as part of efforts to enhance trust in its business environment.  The Registrar-General requested technical assistance with implementing the provisions. 

Michael and Tim supported:

  • A review of the new Companies Act legislation to assess areas to be included in regulations and guidance
  • Drafting of regulations and guidance for approval by the Registrar General
  • Design of reporting templates and detailed instructions for completion
  • Advice on a phased roll-out of the beneficial ownership reporting regime
  • Advice on methods of verification of beneficial ownership data
  • Workshops and training for a range of stakeholders
  • Technical input to the scripting of informational videos on the fundamentals of beneficial ownership

This was successfully delivered throughout the COVID-19 restrictions by a combination of local face-to-face engagement and remote working. Michael, Tim and the team have assisted in moving the process in Ghana forward to the point where beneficial ownership forms have been issued, and data is being collected.