Ghanaian businesses have been urged to be heavy on bookkeeping and other forms of record-keeping in their operations to attract more foreign investors.
According to the Solicitor and Director of Fortwell Solicitors, a London-based law firm, Daniel Koi, the lack of proper record-keeping, especially financial records, sale of goods and stock taking can be disadvantageous to the growth and sustainability of business operations.
Speaking to Joy Business, he urged all businesses to embrace modern methods of operations and also engage proper agencies for legal advice on how to expand their operations.
“At Fortwell Solicitors, we do capacity building to de-risk businesses because we know that there are a lot of challenges, like lack of book-keeping and audited accounts that limit these businesses' access to financing and other opportunities,” he said.
He further encouraged businesses to begin with simple book-keeping practices on their finances and sale of goods.
He also urged Ghanaian businesses to explore other opportunities outside the country.
“Fortwell Solicitors has been set up to help the businesses and also support other initiatives. We need to look beyond just Ghana and trade with other partners”, he added.
Fortwell Solicitors is a London-based Law firm that takes key pride in effective representation and offering experienced advice in selected areas of practice.
Latest Stories
-
CODEO expands post-election observation to monitor parliamentary disputes
41 minutes -
Ablekuma North, Dome Kwabenya will have MPs-elect before January 7 – EC
54 minutes -
Bills Micro-Credit climax year with durbar and dinner celebration
1 hour -
Lawyer sues Wesley Girls SHS for alleged religious discrimination
2 hours -
Election: We’re not the first EC to re-collate results – Bossman Asare
2 hours -
Kofi Kinaata makes historic comeback with ‘Made in Taadi’ concert
2 hours -
It is unacceptable; EC is becoming a lawless institution – NDC on re-collation justification
2 hours -
24-hour economy in the era of digital currency adoption: Implications on economy in 2025 and beyond
2 hours -
Okaikwei Central Constituency were electoral officials cajoled into declaring wrong person – Asare Bossman
3 hours -
US donates $220k mobile heath clinic van to facilitate medical outreach for Ghanaians
3 hours -
Dining with the Gods… Hands off the Big Chair
3 hours -
Joy FM’s Party in the Park: A day of family fun awaits in Aburi
3 hours -
Mahama urged to stand firm against lobbyists in appointments
3 hours -
SEED Academy Ghana to hold elite Basketball Camp and Leadership Summit on December 26
3 hours -
Kofi Asare criticises delays in Free SHS and WASSCE funding
4 hours