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  • A guide to becoming a Law student in Ghana

    A guide to becoming a Law student in Ghana

    To embark on the journey of becoming a law student in Ghana, the first step is to acquire a degree, typically spanning four years.

    Any degree from a recognized institution qualifies, where “recognized” denotes acknowledgment by institutions offering law degrees such as UG, KNUST, GIMPA, Zenith, and Mount Crest.

    Private arrangements leading to a ‘London Law Degree’ exist, but details are not provided.

    Following the completion of the initial degree, one can seek admission to institutions like UG, KNUST, GIMPA, Zenith, or Mount Crest for a two-year LLB (Bachelor of Laws) program.

    Upon successful completion of the LLB, with certain conditions met, one becomes eligible to enroll in the Ghana School of Law for the two-year Professional Law Course. The entire journey, from non-graduate to a qualified lawyer, typically takes about eight years.

    An alternative route, referred to as Route 2, allows students with secondary school certificates to directly enroll in the LLB program at certain universities like UG and KNUST. This option shortens the overall duration of study, spanning approximately five years from university to the Ghana School of Law.

    Route 3 involves students pursuing the LLB program at a foreign university in a Commonwealth heritage country such as Britain, the USA, Canada, or Australia. Upon obtaining the LLB, successful application to the Ghana School of Law may secure a place in the full two-year program.

    Alternatively, those admitted as lawyers in foreign countries with Commonwealth heritage may undergo a “conversion” process to the Ghana bar.

    This involves enrolling in a three-month program, subject to potential changes, at the Ghana School of Law after meeting post-qualification conditions in the foreign country.

  • Ecobank, GCB are biggest banks in Ghana – 2022 PwC Ghana Banking Survey

    Ecobank Ghana and GCB Bank maintained their position as the two biggest banks in Ghana in 2021, the 2022 PwC Ghana Banking Survey Report has revealed.

    In terms of the banking industry market share (deposits), Ecobank Ghana and GCB Bank controlled 11.93% and 11.43% respectively, keeping its 1st and 2nd positions respectively.

    The survey stressed that GCB and Ecobank Ghana have maintained their dominance regarding the industry’s deposits over the past six years. The two banks continue to hold more than a fifth of the deposits in the sector due to their combined branch network of over 250 branches, ongoing initiatives to advance digital and electronic banking, and a client-focused outlook.

    However, during the previous three years, the market share of GCB and Ecobank Ghana have decreased from 25.5% in 2019 to 22.8% in 2020 and increased marginally to 23.6% in 2021. This could be attributable to the competition from the other banks.

    Stanbic Bank consolidated its gain, firming its 3rd position with a market share of 9.29%. It gained a marginal growth in deposits in 2021.

    It was followed by Absa (6.80%) and Fidelity Bank (6.79%) in 4th and 5th positions respectively. The two banks also gained some market share.

    Importantly, Absa overtook Consolidated Bank Ghana in 4th place and increased its market share by 0.46%, increasing its deposits by 20.2% in 2021.

    In 6th, 7th, 8th, 9th and 10th positions were Consolidated Bank Ghana (6.78%), Standard Chartered Bank (6.27%), Zenith Bank (5.26%), CalBank (5.18%) and Access Bank (4.27%).

    Overall, the top 10 market share leaders in deposits include Fidelity Bank, Stanchart, Zenith, CalBank, Acess Bank and ADB.

    UBA also rose to the 12th position in 2021 from the 15th position which, the survey said is a commendable improvement from the previous year. All the banks in the top 10 gained market share except Zenith and Consolidated Bank Ghana

    The report concluded that the observed increase in total deposits was influenced by the Covid-19 fiscal stimulus, payments to contractors, SDI depositors, and clients of Securities and Exchange Commission -licensed fund managers, as well as increased savings by people and businesses as a result of the pandemic-caused slowdown in consumer and investment spending in some sectors.

    Source:myjoyonline.com