Make Ghana gateway to Africa — Businesses urged
THE Managing Partner of Templars, a Nigerian law firm, Oghogho Akpata, has called on businesses with an interest in the African market to use Ghana as the gateway to the rest of the continent.
He explained that establishing in Accra that hosted the African Continental Free Trade Area (AfCFTA) Secretariat would enable businesses to reach Africa’s over 1.2 billion consumers.
“Under the AfCFTA, there are a lot of opportunities that are expanding across the continent. There is a rising need for clients to hire skilled professionals and the AfCFTA will only open more chances.
“With the AfCFTA Secretariat in Accra, Ghana could become like Brussels in Europe, which is a competition hub. Therefore, in my opinion, any serious firm that wishes to engage in business in Africa should have a presence in Accra, Ghana,” Mr Akpata said in an interview with the Graphic Business in Accra.
Templars expanded into Ghana by collaborating with its Ghanaian counterpart, Ampem Chambers.
The collaboration is a response to the region’s expanding business prospects and the growing need for service providers with in-depth local knowledge and a track record of guiding domestic and foreign clients through challenging markets.
The new law firm will provide clients with services across all facets of the Ghanaian economy, including mining, energy, infrastructure, financial services, education, franchising, telecommunications, fintech and dispute resolution.
Additionally, it is anticipated to serve as a strategic launching point for reaching other important centres in the West African region.
Growth across Africa
Mr Akpata said: “This is a very exciting step in Templars’ growth across Africa.”
A 12-person team of highly skilled Ghanaian attorneys, some of whom are dual certified in the United States, the United Kingdom, and other countries, will join the Templars brand as a result of this cooperation.
To offer customers smooth, high-quality services in both markets, these attorneys will collaborate closely with their colleagues at Templars locations in Lagos, Port Harcourt, and Abuja.
Nigeria continues to have Africa’s largest economy, with Ghana having the second-largest economy in West Africa, despite recent macroeconomic difficulties in both nations.
Ghana has developed into one of Africa’s top economies during the past 15 years, and during that time, it has also progressively become a hub and preferred location for both African and foreign firms.
“Amid the economic challenges, we still see a lot of opportunities. Ghana as a country is very well structured; and the regulators are strong.
“The opportunities are immense, from the mining sector, which is something that everyone wants to get into, through to the energy sector. So, we see Ghana as a country that’s not fully tapped for international and regional law firms.
“Ghana has also grown to be one of Africa’s leading economies and a destination of choice for both African businesses and international companies seeking to come to Africa.
“Many of our clients are present in Ghana and they have been asking us to come to Ghana all along to provide our services to them as well, and look for new opportunities. This move is in firm response to those calls by our clients,” Mr Akpata said.