Equatorial Guinea held the rotating presidency of the Council of Ministers of OHADA, the Organization for the Harmonisation of Business Law in Africa, for the financial year 2020. However, as a result of this year’s Covid-19 health crisis, the country was unable to meet its commitments and implement the action plan it had set for itself. Therefore, it is seeking another mandate for 2021 to cover the program that was established.
At the OHADA Extraordinary Council of Ministers held on 4 December 2020 in the city of Sipopo, Equatorial Guinea, the country requested from the 16 member countries a possible extension of its mandate to approach 2021. During a technical meeting chaired by the Permanent Secretary of OHADA, Emmanuel Sibidi Daraukoum, the Secretary of State at the Ministry of Justice and Worship, Rimé Bosio Riocalo, hopes, on behalf of the Government, that the member countries will respond favourably to this request and grant Guinea another mandate.
The pandemic has knocked out the economies of many countries struggling to fight the disease. The Equatorial Guinean government thus considers this year 2020 as a “desert” year that could not allow a full achievement of the set objectives.
OHADA is an intergovernmental organization for legal integration. It is composed of 17 Member States and remains open to any Member State of the African Union.