Vice-President Dr Mahamudu Bawumia announced that the government has begun discussions with the Global Legal Entity Identity Foundation to provide all businesses in Ghana with a unique global legal identity.
The move is consistent with the government’s integration and economic development agenda, allowing Ghanaian businesses to participate in a globally accepted verification process, giving them credibility and global reach.
On Monday (24 April), at the 53rd General Assembly of the World Trade Centres Association in Accra, Bawumia urged the African Continental Free Trade Agreement (AfCFTA) Secretariat to join the effort to ensure that businesses on the continent have legal identity.
“We have made a great success of the Ghana Card in providing unique identity to individuals. We are now thinking beyond it, because the case for unique identification for individuals is even more important for a unique identification for business.”
“Just as we need the confidence to know who we are dealing with, businesses also need that confidence and trust to know who they are dealing with, so we have now started discussions with the Global Legal Entity Identity Foundation to provide a unique global legal identity to all businesses in Ghana.”
“That will make it much easier for transactions within Africa, amongst businesses and beyond, because there is a single unique global legal identity for all businesses and that’s what we should be working towards,” Bawumia said.
