Practice area

IFLR1000 Reviews


Solicitors governing body: General Legal Council

Financial regulator: Ghana Securities and Exchange Commission

IFLR1000 ranking categories in this jurisdiction:

Banking, Capital markets, M&A, Project developmentProject finance

Jurisdiction overview

The Ghanaian legal system is based on an English common law framework, which has persevered since its independence from the British Empire in 1957. Due to similarities in language and legal systems the jurisdiction is historically linked with the Nigerian market. However, despite geographical proximity, the same cannot be said of Ghana’s neighbours; Togo, Côte d’Ivoire or Burkina Faso, whose francophone influence and civil law framework limit legal exchange in the region. 

The domestic market is dominated by national firms; Bentsi-Enchill Letsa & Ankomah and Oxford & Beaumont lead the way in financial and corporate work. However, due to a lack of capacity in the local market, most of the larger, cross-border, transactional work is done outside of the jurisdiction. Transactions are led primarily by English and South African firms, who engage local firms on the domestic aspects of deals.

Foreign lawyers are permitted to practice law in Ghana if they meet certain prerequisites determined by the General Legal Council, and pass the Ghanaian bar examinations. Despite this, there are currently few international law firms permanently domiciled in Accra.

As one of Africa’s fastest open and growing economies, with a healthy political atmosphere and a high growth rate, it is something of a surprise that more international firms haven’t yet laid roots in Ghana, though some have associations.

Financial and corporate
Afriyie Dwamena & Associates

Afriyie Dwamena & Associates is a local firm active in M&A.

During the research period the firm’s work in the M&A area included advising an acquirer on a deal in the telecoms space.

Bentsi-Enchill Letsa & Ankomah

Bentsi-Enchill Letsa & Ankomah is a leading Ghanaian firm with expertise across the financial and corporate and project development areas. The firm commonly operates as a local counsel.

In banking work recently, the firm acted as local counsel to lenders on refinancing, loans, revolving credit facilities, financings and a swap arrangement deal. 

In capital markets work the firm advised issuers on bond issues, notes and eurobond issues, and, on the equity side, an IPO and a commercial paper programme. 

The M&A team worked on deals in the oil and gas, telecommunications, real estate, financial services and consumer goods sectors. The firm represented acquirers, joint venture partners and sellers. 

In project development work the firm was active in the energy, infrastructure and oil and gas sectors, advising sponsors and project companies. 

Recent Deal Data highlights 

•Eastern Railway Line PPP

•Ghana Cocoa Board $1.3 billion receivables-backed trade financing 

•Government of Ghana $2 billion sovereign eurobond issue 

•MTN Ghana Stock Exchange IPO

•Wood Group £2.2 billion acquisition of Amec Foster


Client feedback

"Excellent service, highly knowledgeable teams, responsive and a pleasure to deal with. I would not hesitate to recommend them." - Banking 

"Responsive and smart." -  Project development

Frank Akowuah and Nana Esi Beduwah Ghunney

"Highly knowledgeable and client focused. Excellent service."

Kojo Bentsi-Enchill

"Great knowledge and responsive."

Seth Asante

"Leading finance lawyer in Ghana. Fantastic service."

Egality Law

Egality law is a young firm focused on M&A and project development work.

In M&A during the research period the firm advised acquirers on deals in the education and consumer goods sectors. The firm also acted for joint venture partners on a merger in the technology industry.

In project development the firm worked for project companies and contractors on the development of energy and infrastructure projects.

Client feedback

"The firm is highly knowledgeable of the Ghanaian law, it is highly focused on the client's needs and requirements, it is able to provide a timely and quality answer and focuses on the client's business." – Restructuring and insolvency


In Ghana, ENSafrica is a tier one firm in all practice areas but has been particularly active in the banking and capital markets areas. 

In banking work recently the firm advised lenders on loans, project financings and refinancing work.

In capital markets work during the research period the firm worked for issuers and lead managers on bond and notes issues. 

Recent Deal Data highlights 

•Cal Bank $50 million financing 

•Early Power $562 million financing

•Ghana Road Fund $600 million refinancing

•Government of Ghana $3 billion triple tranche (7.875%, 8.125% and 8.950%) sovereign bond issue

•Government of Ghana $2.6 billion dual tranche (7.625% and 8.625%) sovereign eurobond issue

JLD & MB Legal Consultancy

JLD & MB Legal Consultancy is a local firm active in all financial and corporate areas with a particular strength in capital markets work.

In banking work recently the firm worked for borrowers and lenders on loans facilities. 

In capital markets work it represented issuers on bond issues and a rights issue.

The M&A team advised on deals in the pharmaceutical, consumer goods, acting for both acquirers and sellers. 

In project development it worked for project companies in a renewable energy project and an upstream petroleum project.

The firm also worked on the restructuring of a group in the pharmaceutical sector, acting for the debtor.

Recent Deal Data highlights 

•Aspen Pharmacare acquisition of Kama Industries

•Government of Ghana $3 billion triple tranche (7.875%, 8.125% and 8.950%) sovereign bond issue

•Kumasi wastewater treatment plant 

•mPharma Ghana restructuring

•Republic Bank $47 million rights issue

Kimathi & Partners

Kimathi & Partners is active in the banking and finance, capital markets, M&A and project development areas. 

In banking during the research period the firm advised borrowers and lenders on acquisition finance, loans, refinancing, revolving credit facilities, project finance and Islamic finance deals.

In capital markets work the firm acted for an issuer on a rights issue.

The M&A team worked on deals in the healthcare, infrastructure, mining, financial services, energy, technology and pharmaceuticals sectors. The firm acted as counsel to the joint venture partners and acquirers. 

In project development work the firm represented sponsors, contractors and project companies on the construction, operation and development of oil and gas, mining, infrastructure and other energy projects.  

Recent Deal Data highlights 

•C Squared $100 million financing

•ENI $780 million FPSO Islamic financing

•Genser Energy $265 million refinancing

•Platinum Equity $498 million acquisition of Johnson & Johnson blood glucose monitoring business

•Tullow Oil $750 million rights issue


Client feedback

"The firm's responsiveness is better than what you would expect in the West!" - M&A

"They did a great job. Their output was excellent. The turnaround time was beyond expectation and they gave constant feedback." - M&A

"The firm has provided high-quality services, with perfect knowledge of the legal environment in Ghana and has shown a 360o analysis of the implications. Their support has been invaluable and it is a pleasure working with them." - M&A

"The firm did an excellent work from top to bottom. It was fully familiar with local markets, law and practice and was consistently responsive." - Capital markets: Debt

"Excellent service." - Project development

"Excellent work ethic, knowledge of the law and process and great work generally." - Project development

"Responsive and hands on." - Project development

"They have provided a very professional service so far in one and a half years that we work with them. We never had any issue after they provided us with their service." - Islamic finance

N Dowuona & Company

During the research period N Dowouma & Co was particularly active across banking, M&A and project finance and development. 

In recent banking work the firm has advised borrowers and lenders on syndicated and project finance deals.

The M&A team represented the buy side on deals in the fintech, agriculture and energy sectors. It acted as counsel on the sell side on deals in the financial services, retail and education industries. 

In project development work the firm advised project companies and sponsors on PPP, infrastructure and energy projects. 

Recent Deal Data highlights 

•Helios Towers Africa $100 million financing

•National ID PPP

•Redavia Ghana $4 million financing

•Takoradi Port $370 million multipurpose container terminal project


Client feedback

"Excellent knowledge of the law and solutions orientated." – Banking

“This law firm has provided the best legal advice compared to other in our panel of advisors. They are knowledgeable, candid, timely and thorough in their work plus excellent following through on actions. It is the only firm to have advised me on how to optimise legal costs even when they are beneficiaries of such fees. The lead partners has excellent leadership skills over her team.” – Financial services regulatory

“Outstanding service from practitioners who know their subject matter extremely well and enjoy a good sense of local issues on how to get a deal done.” – M&A

"Professional, competent on the subject matter. Efficient and effective, works as a team and is proactive. Strengths include in-depth local knowledge of the law and subject matter. Came through recommendation of Trinity Internal (a UK law firm) and backed by a private equity firm. So far excellent service. " - Project development 

"Still early days in our relationship. Firm is very easy to deal with and has a good grip on the issues facing these types of projects. Sometimes the response times could be improved but overall a good experience so far." - Project development

"The firm was diligent and overall competent in what it does. They have a pool of talented lawyers and good research capability and are able to find solutions quickly. However, the firm needs to build capacity of some lawyers to comprehend financial concepts very well and how it impacts on contract drafting." - Project finance

NanaAma Botchway-Dowuona

"Impressive lawyer with good knowledge and understanding of the issues. Sometimes difficult to contact as she seems to be very busy."

"Outstanding practitioner and comparable to the best in any legal market. A subject matter expert that is solutions focused."

"Solutions orientated with strong knowledge of the law."

"Very diligent and articulate. She has a good sense of understanding contractual issues. Sometimes, she does not appreciate complex financial matters. A bit more exposure and training could help address these shortcomings."