Setting Up Business In Ghana

Quick facts

Region: Sub-Saharan Africa
Income group: Lower-middle
Population: 25.37 million
WBDB* rank: 67
Time Zone: GMT
Language: English
* World Bank Doing Business 2014

Sole proprietorship – a sole proprietorship is an unincorporated business usually run by one individual. The liability of a sole proprietor is unlimited. A sole proprietor shall not carry out business in the finance, banking or communications sectors. An individual may carry out business in his/her legal name or under a trade name. A sole proprietor who adopts a trade name must register the name with the Registrar- General's Department and renew the registration annually.

Partnerships – Partnerships are an association of two or more (up to a maximum of 20) individuals carrying out business jointly for the purpose of making profits. They are a relatively simple and inexpensive way of conducting business. The members of a partnership are "partners" and the terms and conditions of their