Start-up business - compliance to sector-specific laws.
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 licence within the industry, transfer of shares as well as specify percentage of shares that can be held by foreign investors within the industry.
