TRADE PROHIBITION (COMPANIES AND DIRECTORS) ACT - 1979 (AFRCD 64)

• Section - 1 - Certain Foreign Companies Prohibited From Operating In Ghana.

  • The companies or firms specified in Part I of the Schedule to this Decree are hereby prohibited from engaging in any commercial or business activity with-
    
    (a) any Ministry, Government department, agency or organisation or statutory Corporation; or
    
    (b) any local or foreign company or firm operating in Ghana.

• Section - 2 - Certain Persons Prohibited From Carrying On Business In Ghana.

  • Any person who holds office as a Director in any of the companies or enterprises specified in Part II of the Schedule to this Decree is hereby prohibited from engaging in any business or commercial activities in Ghana.
    

• Section - 3 - Offence.

  • Any person who contravenes any provisions of section 1 or 2 of this Decree commits an offence and shall be liable on summary conviction to a fine not exceeding c5,000.00 or a term of imprisonment not exceeding two years or to both.