CORPORATE GOVERNANCE enhance its enforcement and monitoring capacities in line with this aspiration. The Companies Code also requires amendment to the provisions relating to ownership of shares and platforms for trading to take into account the central securities depository planned in the future. The Bank of Ghana established a central depository for government securities in 2004. The system is to be developed further to cover corporate securities. In addition, the GSE anticipates the onset of electronic trading and electronic certification, which would require revision of current laws. Securities market iii. Recommendations 49. The Panel recommends that Ghana to take necessary steps to: ? Improve public service delivery to the private sector. ? Find modalities to expedite the resolution of commercial disputes through private arbitration and other alternative dispute settlement mechanisms. ? Enhance current initiatives such as the fast track courts, specialised commercial courts and the private arbitration strategies. ? Engage holistically with corruption (corruption is flagged as a crosscutting issue). ? Enhance and continue its efforts to rehabilitate the physical infrastructure. 50. Legal and regulatory framework ? ? ? ? ? ? Review legal and regulatory frameworks governing corporate activity for their adequacy and relevance to current corporate governance standards. Continue the review of the Companies Act, Securities Law, GSE rules and other laws under the Financial Sector Strategic Plan to ensure that Ghana meets the needs of an expanding and progressive private sector. Support the Business Law Division in its work through enhancing its research and drafting capacities. Strengthen the legislative research capacity of Parliament and undertake the training of parliamentarians. Expedite the passage of bills by Parliament. Enact the draft legislations relevant to corporate governance such as the Insolvency Act, consumer's legislation, Anti-Money Laundering legislation, the Freedom of Information and Whistle Blower's Bills. Promulgate and enact a 99