Ghana is committed to preventing the misuse of companies and legal arrangements to hide the proceeds of corruption and commits to strengthening further both the Companies Bill and the Petroleum (Exploration and Production) Bill that are currently before Parliament to ensure that we have public beneficial ownership information and central register for all sectors, including oil and gas sector, in line with UNCAC and FATF Recommendations as well as the Extractive Industries Transparency Initiative (EITI) standards that Ghana is implementing; ensuring that accurate and timely company beneficial ownership information, including in the extractives, is available and accessible to the public
Themes: Beneficial ownership
Last updated: October 2018
Concrete: Somewhat Concrete | New: New | Ambitious: Ambitious
October 2018 update: No change.
June 2018 update: The BO clauses have been included in the Amended Company Act 2016, however, a regulation is yet to be passed for the operationalisation of the law. That notwithstanding, the Registrar General is engaging with civil society on how to implement BO Disclosure in Ghana. A DFID funding mechanism, Strengthening Transparency, Accountability Against Corruption (STAAC) is also engaging the Registrar General by way of supporting the setting of the register once the legal framework is complete.