The Companies Code was enacted and promulgated in 1963 (Act 179), and has ever since been in force.   Since it was drafted   by the famous   Professor   L.  C.  B.  Gower   and promulgated, forty  (40)  years  have  elapsed  - Ghana  and  the world  have  moved  on  in directions that could not have been anticipated  by Gower.

The Companies Code lists the guidelines and regulations on how companies are formed and governed, as well as define the tone of relationship between the state and companies. A  good  Companies Code  emphasizing good  corporate  governance  as  well  as  a clear regulatory framework and acceptable  burdens  of corporate  compliance is a driving  force for investment flows.