Patent Protection In Ghana

INTRODUCTION

Intellectual property can be an income generating corporate asset. By protecting a company's intellectual property, the company is vested with rights to exploit or commercialize the intellectual property to generate revenue. Revenue may be generated by licensing the intellectual property for fees, building an industry around the protected intellectual property and enjoying the exclusivity of exploitation or industry control for the term of the rights afforded the intellectual property.

Lack of awareness of the legal rights and protection afforded registered intellectual property, particularly the exclusive exploitation rights over product and process inventions has contributed to minimal patronage of intellectual property registration by small and medium scale enterprises, as well as individuals in Ghana. In light of this, the Government of Ghana has developed the National Intellectual Property Policy and Strategy (NIPPS) to effectively harness and