Best Funds & Asset Management Lawyers in Accra

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Founded in 1971
50 people in their team
English
Sam Okudzeto & Associates is one of the pioneers in corporate and commercial legal practice in Ghana.With over 35 lawyers, the firm has acquired wide international exposure and standing by the membership of its lawyers in the following organizations: International Bar Association (IBA),...
Ark Legal Consult
Accra, Ghana

Founded in 2005
50 people in their team
English
We have Lawyers and Paralegals who have rich and relative long-term experience in corporate practice and the legal practice and Ghana and abroad.We focus on business entities and individual high network clients on Corporate Investments & Compliance and Commercial legal services relating to...
Austen Legal Consult
Accra, Ghana

Founded in 2000
50 people in their team
English
Austen Legal Consult Is A Fast Growing Law Firm In Ghana.We are targeted at existing and emerging local and international areas of practice. We are dedicated to providing quality, strategic, and solution-based legal services combined with tailored services to deliver results to clients, whether...

Founded in 2015
50 people in their team
English
About UsWe are a private law firm with a national, regional and international reputation for excellence.The doors of the practice were opened in February 2015 by David Addo-Ashong, Marian Ekua Hayfron-Benjamin and Tawia Addo-Ashong. Three additional partners, Julia Selman-Ayetey, Kweku Eyiah and...
AB & David Law Firm
Accra, Ghana

Founded in 2000
50 people in their team
English
We assist in 30 African countries. Our focus is simple: to ensure businesses and projects succeed in Africa by helping clients minimize the risks associated with doing business on the continent.AB & David Africa is a pan-African business law firm with independent offices in six (6) countries...
Nsiah Akuetteh & Co.
Accra, Ghana

Founded in 2001
50 people in their team
English
Nsiah Akuetteh & Co. is a firm of Barristers, Solicitors and Consultants. The firm is led by an experienced lawyer who worked in both the public sector and private sectors of the economy with over 30 years experience at the Bar. The firm has extensive experience and expertise in the area of...
LIMO LAW
Accra, Ghana

Founded in 2005
50 people in their team
English
ABOUT LIMO LAWOur Gorgeous HistoryLIMO@LAW is a client-centric and solutions-oriented law firm which operates 24/7. We are currently located in the national capital, Accra in the Greater Accra Region of the Republic of Ghana. Our main focus is the provision of ethical and innovative legal and...

Founded in 2013
10 people in their team
English
Afenyo-Markin, Okutu and Associates is a registered law firm under the laws of Ghana and certified by the General Legal Council. The firm was formed by two partners,  Alexander Afenyo-Markin and Bernina Korkor Maseyo Okutu, all distinguished legal practitioners.  Apart from the two...

Founded in 1976
50 people in their team
English
The firm S. K. Boafo & Company, (Gye Nyame Chambers) was established in Adum, Kumasi in 1976. Initially registered as a sole proprietorship, it was converted into a limited liability company on 17th February 2003 and issued with a certificate to commence business on 18th February 2003. The firm...
Fugar and Company
Accra, Ghana

Founded in 1977
50 people in their team
English
FUGAR & COMPANY, established in 1977 is pace-setter and one of the leading law firms in Ghana. It provides legal services principally in the areas of commercial and corporate practice and related or cognate fields of law.The firm is strategically located in the central business area of Accra...
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About Funds & Asset Management Law in Accra, Ghana

Funds and asset management law in Accra, Ghana, encompasses the set of legal frameworks and regulations that govern the creation, management, distribution, and oversight of investment funds and assets belonging to individuals, corporate entities, and institutional investors. The financial sector in Accra is vibrant, with regulatory oversight provided primarily by the Securities and Exchange Commission (SEC) and the Bank of Ghana. Asset managers play a crucial role in managing pooled investments such as mutual funds, pension funds, unit trusts, and private investment portfolios, all within a regulatory environment designed to protect investors and uphold transparency, accountability, and good governance.

Why You May Need a Lawyer

Engaging a lawyer who specializes in funds and asset management can be essential for several reasons. If you are considering setting up an investment fund, entering into a partnership with an asset management company, or investing in any managed fund, a lawyer can help you understand complex legal documents and regulatory requirements. Common situations where legal advice is needed include:

  • Registering a new investment fund under Ghanaian law
  • Drafting and reviewing investment management agreements
  • Adhering to anti-money laundering (AML) and know-your-customer (KYC) regulations
  • Navigating compliance with the SEC and other regulatory bodies
  • Resolving disputes between investors and managers
  • Advising on mergers, acquisitions, or restructuring of asset management firms
  • Assisting with cross-border investment and tax implications
  • Handling matters of fiduciary duty and conflict of interest
Failure to secure competent legal advice in these areas can expose investors, promoters, and fund managers to legal risks and possible sanctions.

Local Laws Overview

Funds and asset management in Accra operate under several key statutes and regulations. The Securities Industry Act, 2016 (Act 929) is the primary legislation governing the securities market and asset management activities in Ghana. The Securities and Exchange Commission (SEC) is the principal regulator, overseeing the registration and conduct of fund managers, mutual funds, and other collective investment schemes.

Other relevant laws include the Companies Act, 2019 (Act 992), which regulates the incorporation and management of corporate entities, and the Anti-Money Laundering Act, 2020 (Act 1044), which sets forth measures for preventing illegal activities in the financial sector. Asset managers must also observe the SEC’s licensing requirements, disclosure obligations, and guidelines for fair dealings. The Bank of Ghana regulates trustee companies and pension funds under separate pension and banking statutes.

Compliance with these laws is vital for the legitimacy and smooth operation of funds and asset managers, minimising the possibility of legal claims or regulatory enforcement actions.

Frequently Asked Questions

What is the role of the Securities and Exchange Commission of Ghana in asset management?

The SEC is responsible for regulating, supervising, and enforcing laws related to securities, investment funds, and asset management firms in Ghana. It licenses and monitors fund managers, sets out operational guidelines, and works to protect investors.

What types of collective investment schemes are available in Ghana?

The most common types are mutual funds, unit trusts, and exchange-traded funds. Each scheme has its own structure, investment objectives, and regulatory requirements.

Do investment funds in Ghana require registration?

Yes, all investment funds and asset management companies must be registered with the SEC and comply with regulatory requirements before offering their services to the public.

What are the legal requirements for setting up an asset management company?

Setting up an asset management company requires registration with the SEC, meeting minimum capital requirements, providing disclosure of key personnel, demonstrating sound corporate governance, and ongoing compliance with anti-money laundering regulations.

Are there limits on foreign investment in funds managed in Accra?

Generally, foreign investors are permitted to invest in Ghanaian funds, but may be subject to certain restrictions and reporting requirements depending on the type of investment and sector. Legal advice should be sought for specific guidance.

What are the key compliance obligations of fund managers?

Fund managers must adhere to fiduciary duties, submit regular reports to regulators, observe anti-money laundering standards, disclose conflicts of interest, and act in the best interest of their clients.

How are disputes in asset management typically resolved?

Disputes may be resolved through negotiation, mediation, or litigation. The SEC may also take administrative action in cases of regulatory breaches.

Is investor protection guaranteed under Ghanaian law?

While there are robust investor protection mechanisms under Ghanaian law, such as licensing and disclosure requirements, investments are subject to market risks. Legal and regulatory provisions seek to minimize but do not eliminate risk.

What happens if a fund or asset manager fails to comply with the law?

Noncompliance can result in penalties, suspension, revocation of licenses, and sometimes criminal proceedings against individuals or entities involved.

Can individuals manage their own investment funds without a license?

Individuals may manage their own private investments, but any business that pools and manages funds on behalf of others must register with the SEC and obtain the appropriate licenses.

Additional Resources

If you need more information or guidance about funds and asset management in Accra, the following organizations and resources can be helpful:

  • Securities and Exchange Commission (SEC) - Regulator of securities and investment markets in Ghana
  • Bank of Ghana - Oversees banking and certain trustee operations
  • Pensions Regulatory Authority (NPRA) - Regulator of pension and retirement funds
  • Ghana Investment Promotion Centre (GIPC) - Provides information on foreign investment
  • Ghana Bar Association - Offers directories for qualified legal practitioners specializing in financial law
  • Institute of Chartered Accountants Ghana - For consultations on audit and compliance matters

Next Steps

If you or your organization are considering involvement in funds or asset management in Accra, Ghana, it is advisable to seek competent legal advice before proceeding. Begin by:

  • Identifying the specific type of fund, investment, or service you are interested in
  • Consulting with a qualified lawyer who has experience in funds and asset management law in Ghana
  • Preparing and gathering all required documents, including business plans, identification, and compliance policies
  • Engaging with the relevant regulatory bodies to understand all registration and compliance obligations
  • Staying informed about updates and changes in applicable laws and regulations
Prompt legal guidance will ensure your investments and business operations comply with Ghanaian law, safeguard your assets, and protect your interests.

Lawzana helps you find the best lawyers and law firms in Accra through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Accra, Ghana - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.