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19 Afr. J. Int'l & Comp. L. 1 (2011)

handle is hein.journals/afjincol19 and id is 1 raw text is: WHY GHANA SHOULD IMPLEMENT CERTAIN INTERNATIONAL LEGAL INSTRUMENTS RELATING TO INTERNATIONAL SALE OF GOODS TRANSACTIONS EMMANUEL LARYEA* I. INTRODUCTION This article argues that Ghana should implement' certain international legal instruments (ILls) relating to international sale of goods transactions. The article submits that the recommended instruments, if adopted, would harmonise Ghana's laws with aspects of laws that govern international sale of goods globally and improve Ghana's legal environment for international sale transactions. It would also afford entities located in Ghana better facilitation and protection in their trade with foreign counterparts, enhance their competitiveness in international sale transactions and improve how Ghana is perceived by the international trading community.2 The recommended actions hold advantages, have no material disadvantages, and are easy and inexpensive to implement. In an era of increasing globalisation of the world's economies, countries and businesses operating within them are constantly competing for resources, investments, markets and profits. Countries have no choice but to take part in international trade,3 long recognised as an instrument for economic development. Further, laws and policies to strengthen a country's international sale and purchase * LLB (Hons) LLM PhD, Senior Lecturer, Monash University Law School, Clayton, Victoria, Australia; Fellow, Tim Fischer Centre for Global Trade and Finance, Bond University, Australia. 1 For the sake of convenience, the term implement is used broadly in this article to cover otherwise technically different terms such as ratification, accession, succession, enactment and approval. Roy Goode uses the term implementation for the ratification of international conventions and the adoption, wholly or in part, of model laws. See R. Goode, Insularity of Leadership? The Role of the United Kingdom in the Harmonisation of Commercial Law 50 ICLQ (2001): 751, p.752. The usage of implement in this article is similar. 2 While the discussions focus on the beneficial impact of the relevant international instruments on Ghana, the thrust of the argument may be applicable to other African countries in similar situations, albeit with differences. 3 I. F. Razafimahefa and S. Hamori, International Competitiveness in Africa Springer (2007), p. 1. 4 See, e.g., G. Bamodu, 'Transnational Law, Unification and Harmonisation of International Commercial Law in Africa' 38(2) Journal of African Law (1994): 125, 128; UN General Assembly Resolution 1707 (XVI), 19 December 1961. African Journal of International and Comparative Law 19.1 (2011): 1-37 Edinburgh University Press DOI: 10.3366/ajicl.2011.0002 © African Society of International and Comparative Law www.eupjournals.com/ajicl 1

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