24-Hour Economy requires faster justice for commercial cases - Chief of Staff
Dr Debrah speaking at the maiden Annual Bar Conference of the Ghana Law Society, said regulatory uncertainty and delays in enforcing contracts increase risks for businesses and can undermine investment.
Chief of Staff Julius Debrah has emphasized the need for faster resolution of commercial disputes in Ghana's 24-hour economy to attract investments. Speaking at the Ghana Law Society's maiden Annual Bar Conference, Debrah highlighted that regulatory uncertainty and delays in contract enforcement increase investment risks. He stated that Ghana's ambition for a competitive investment environment requires laws that keep pace with modern commerce.
Debrah proposed that legal reform should encompass faster dispute resolution, clear land administration, predictable licensing, and regular reviews of obsolete legislation. He also suggested that new regulations should be assessed based on their economic cost, impact on individual rights, and practical enforceability. Debraf warned that slow justice, weak contract enforcement, and regulatory uncertainty can discourage investment.
He noted that businesses need a legal system that provides certainty and resolves disputes within a reasonable time. Debrah stressed that legal reform is an economic policy as well, as efficient laws reduce risk, protect rights, and enable businesses to grow.
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