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Business Structures in Ghana: How to Choose Between a Sole Proprietorship, Partnership and Company Under Act 992

The choice of an appropriate business structure in Ghana is a critical strategic decision that directly affects liability, continuity, capital formation, ownership, governance, and long-term sustainability. Entrepreneurs must therefore understand the legal nature and implications of operating as a sole proprietorship, partnership, or company as regulated respectively under the Registration of Business Names Act, 1962 (Act 151), the Incorporated Private Partnerships Act, 1962 (Act 152), and the Companies Act, 2019 (Act 992).

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“Ambiguity and Vagueness in Contract Drafting: Causes, Risks, and How to Avoid Them”

Ambiguity and vagueness are among the most pervasive and detrimental errors in contract drafting. Ambiguity occurs when the wording of a contractual provision permits two or more reasonable interpretations, resulting in uncertainty regarding the parties’ rights and obligations under the agreement. In contrast, vagueness refers to language that is imprecise or lacking sufficient detail, leaving parties without clear guidance on how performance or compliance is to be achieved.

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