Ghanaian businesses have been urged to be heavy on bookkeeping and other forms of record-keeping in their operations to attract more foreign investors.
According to the Solicitor and Director of Fortwell Solicitors, a London-based law firm, Daniel Koi, the lack of proper record-keeping, especially financial records, sale of goods and stock taking can be disadvantageous to the growth and sustainability of business operations.
Speaking in an interview, he urged all businesses to embrace modern methods of operations and also engage proper agencies for legal advice on how to expand their operations.
“At Fortwell Solicitors, we do capacity building to de-risk businesses because we know that there are a lot of challenges, like lack of book-keeping and audited accounts that limit these businesses’ access to financing and other opportunities,” he said.
He further encouraged businesses to begin with simple book-keeping practices on their finances and sale of goods.
He also urged Ghanaian businesses to explore other opportunities outside the country.
“Fortwell Solicitors has been set up to help the businesses and also support other initiatives. We need to look beyond just Ghana and trade with other partners”, he added.
Fortwell Solicitors is a London-based Law firm that takes key pride in effective representation and offering experienced advice in selected areas of practice.
